Dave Lindahl – Apartment House Riches [Real Estate]
Dave Lindahl – Apartment House Riches [Real Estate]
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Description
Who Else Wants An Extra $10,000 A Month,
Part Time, With No Tenant Hassles?”
Please Read This Letter Carefully To Find Out How You
Too Can Make This Happen Month After Month!!
Dear Friend,
Imagine having an extra $10,000 a month coming into your home.
Ten thousand dollars is dropping into your bank account if you decide to get out of bed in the morning, if you decide to spend all day at the shopping mall, or if you decide to play 36 holes of golf instead of 18.
Money keeps coming in like clockwork, month in and month out. This is ecstasy!
Imagine what you would do with that money. Would you buy a bigger home, a better car, or take care of a loved one who is struggling? That is what the money has done for me.
$10,000 a Month in Less Than 14 Months
From buying and holding small apartment houses on a part time basis I developed a system that allowed me to create a $10,000 a month passive income in less than 14 months with out getting a single call from a tenant! And I’ll to teach you how to do it too!
Does 14 months seem like a long time? I made more money selling apartment houses that I didn’t keep right from the start, and I will teach you how to do that too.
Why Would A Group Of People Get Together To Pay My Mortgage, My Maintenance
And Give Me Money To Fatten My Bank Account Each Month?
They’re called residents or tenants.
I have always been interested in apartment houses. I like the idea that a group of people will get together and pay my mortgage, pay for all the maintenance to keep the property looking good and to give me extra money at the end of the month to either put in the bank or to go out and have a good time.
I was a struggling landscaper seven years ago. I didn’t seem to get my act together and wanted a better life. I watched late night television and saw a lot of get rich quick schemes.
I tried to make them work but it wasn’t working. A biography about a guy in New York who started with nothing and made a fortune buying, selling and holding apartment houses came to my attention.
Simple Man Makes Fortune Buying,
Selling And Holding Apartment Houses
I decided that was what I was going to do. So I went to the bookstore and bought every book I could on buying apartments. Unfortunately, there weren’t too many.
I learned how to buy and sell single family houses, but I wanted the big bucks.
Buying and selling single family houses can make you money. Buying, selling and holding apartment houses will make you rich.
I started learning about real estate investing because I wanted to be filthy rich. My life began to change as I applied what I learned.
I bought my first apartment house with no money down and a positive cash flow of almost $1,000 a month. Almost overnight, my yearly income went from zero to $11,664.
I was scared to buy the first building. My father told me that real estate was a scam and that if I tried I would be in serious trouble.
I used to go over to my Mom’s for supper when the sky was falling.
I stopped talking to my father about real estate because he was making a lot of money doing it.
I found a mentor who made his fortune in real estate mostly by buying, selling and holding apartment houses. He showed me the right way to invest and the wrong way to do it.
That doesn’t mean I didn’t make mistakes. Oh yes! I made a lot of those because I didn’t follow my mentor’s advice. I was too embarrassed to tell him about the mistakes I made so he could fix them.
In Three Months I Had Three Houses –
Six Months, Nine Houses…
After I got over the fear of buying that first house, within the next three months I had three more. Within 6 months I had nine houses. And after that first twelve months I had eleven apartment houses and almost $10,000 a month in positive cash flow!
At the end of the first year, my father and I sat at the kitchen table. I was surprised when he said to me, You aren’t still thinking about buying real estate are you?
I swallowed hard and blurted out, as a matter of fact Dad, I did buy a house and that worked out so well that I bought 10 more and now I make almost $10,000 a month just owning those houses and nothing bad. My life is a lot better.
I thought he was going to have the big one when his eyes got wide.
My father is asking me for financial advice.
To Make The Big Dough, You’ve Got
to be A Transaction Engineer
First of all, I don’t just buy apartment houses, I also buy and sell lots of single family houses, for a couple of reasons. The first is that when I started investing, I had no money. I actually used a cash advance on my credit cards for the down payment on my first apartment house.
I went to a seminar and was told to get as many credit cards as possible and use them for down payments. That was what I did.
How the “Chunker Method” Made Me
Wealthy and Can Do the Same for You!
I did this for my first two houses and then I ran out of credit card money. So I decided to buy single family houses, flip them for a chunk of cash and use some of the money to live (pay my bills) and the other chunk to buy another apartment house (get wealthier). I call this my “Chunker Method”.
I used other people’s money to buy the single family houses. Partnering with people or using private money is where I got it. We will talk about that later.
The Hidden Advantages of Owning Apartment
Houses Vs. Single Family Houses
Why did I decide to hold apartment houses instead of single family houses? There are many money making reasons! They are;
- Cash Flow (loads of it!)
- Can Do It Part Time
- Eventually It Allows You To Quit Your Job And Live Better
- Less Competition (only a few of us know about it!)
- A Lot Less Risk – you don’t lose all of your rent if you lose a tenant as you would in a single family house
- Tax Free Money – Through refinance or 1031 Tax Deferred Exchange
- Economies Of Scale – owning 6 units in one building is better than owning 6 single family houses. The cost to maintain them is a lot cheaper.
- Fast Price Rise In An Up Cycle
- Slower Price Fall In A Down Cycle
- Ground Floor Opportunity – no one else is teaching this!
Why Cash Flow Is King!…
Let’s take a look at a couple of these advantages. The first is Cash Flow. Simply put, cash flow equals freedom . The cash flow that you will get from owning apartment houses will allow you to live in the house that you want, drive the car that you want, travel to where ever you like or even take better care of a loved one or friend.
The author of the Rich Dad/Poor Dad book series states that everyone’s goal should be to create. Huge amount of love. Passive income keeps coming in no matter what you do with your time. He did this by investing in apartment houses.
Less Risk, More Cash Flow
The other advantage is less risk. If you own a single family house that has one tenant and a three family house that has three tenants, if you lose the tenant in your single family house, you’ve lost 100% of you income!
You will have to dig into your own pockets to pay the mortgage until you find another tenant. You have lost all of your profits for the entire year.
You only lose one rent or 1/3rd of your income if you lose a tenant in your house. You can still pay your mortgage and get some cash from the other two tenants. You make more money by keeping your money.
1/6th of your rent is lost if you have a 6 family house. There is less risk in apartment houses. Isn’t keeping your money and making more money good for you?
The Six Key Steps To Creating Wealth
Through everything that I studied and through my relationship with my wealthy mentor, I discovered that there were six key steps to creating wealth. It is these six steps to wealth that I’ll focus on at the Boot Camp;
- Finding The Deals
- Pre- Screening The Deal
- Writing Offers That Get Accepted
- Raising Capital
- Managing For Profits
- Knowing Your Exit Strategies
I will cover each topic thoroughly during the three day boot camp. I assume you don’t know anything. By the time you finish with me on day 3, I have proven techniques. You will be molded into an expert.
Delivery Method
Dave Lindahl – Apartment House Riches [Real Estate]
Price : $1495
Just pay : $142
Sale Page : http://www.reiclub.com/products/475
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