{"product_id":"multi-family-millions-isbn-9780470267608","title":"Multi-Family Millions","description":"\u003ci\u003eMulti-Family Millions\u003c\/i\u003e offers expert advice for investors who want to make the transition from single-family homes to more profitable multi-family units. Successful real estate investor David Lindahl shows you how to find troubled properties that are ripe for quick profits, how to fix or flip those properties, and how to re-sell at maximum value. With a proven step-by-step system for managing each stage of the process, this book shows you how to get started in moneymaking multi-family units?even while you work your day job. \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Different Approach that Creates Huge Real Estate Profits 1\u003c\/p\u003e \u003cp\u003eHow This Book is Different 2\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Invest in Apartments? 9\u003c\/p\u003e \u003cp\u003eApartments Set You Free 10\u003c\/p\u003e \u003cp\u003eLet’s Explode the \u003ci\u003eNo-Money-Down \u003c\/i\u003eMyth 13\u003c\/p\u003e \u003cp\u003eMore Myths about Apartment Investing 14\u003c\/p\u003e \u003cp\u003eThis is Not a Myth, This is Reality: They’ll Laugh First, and You’ll Laugh Last 18\u003c\/p\u003e \u003cp\u003eOpportunity is Everywhere 20\u003c\/p\u003e \u003cp\u003eA Brief Overview of the Different Kinds of Multi-Family Housing 21\u003c\/p\u003e \u003cp\u003eBurned-Out Landlords are Great Sources for Deals 23\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAn Overview of How to Get Your First Deal 25\u003c\/p\u003e \u003cp\u003eThe 14 Steps to Acquiring a Property 26\u003c\/p\u003e \u003cp\u003e1. Decide What Size Buildings You Want to Start Investing In 26\u003c\/p\u003e \u003cp\u003e2. Decide Where You Want to Invest 27\u003c\/p\u003e \u003cp\u003e3. Determine What Types of Multi-Family Properties You’ll Buy 29\u003c\/p\u003e \u003cp\u003e4. Put Your Team in Place 30\u003c\/p\u003e \u003cp\u003e5. Market to Get Your Deal 31\u003c\/p\u003e \u003cp\u003e6. Analyze the Deals 31\u003c\/p\u003e \u003cp\u003e7. Create the Offer or Letter of Intent 32\u003c\/p\u003e \u003cp\u003e8. Negotiate the Deal 33\u003c\/p\u003e \u003cp\u003e9. Create and Sign the Purchase-and-Sale Agreement 33\u003c\/p\u003e \u003cp\u003e10. Do Your Due Diligence 35\u003c\/p\u003e \u003cp\u003e11. Renegotiate the Deal 37\u003c\/p\u003e \u003cp\u003e12. Start Your Financing 38\u003c\/p\u003e \u003cp\u003e13. Choose a Management Company 40\u003c\/p\u003e \u003cp\u003e14. Close the Deal 41\u003c\/p\u003e \u003cp\u003eOption 1: Buy and Flip 42\u003c\/p\u003e \u003cp\u003eOption 2: Buy and Hold 46\u003c\/p\u003e \u003cp\u003eOption 3: Buy, Reposition, and Sell 47\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere to Find Enormous Profits from Repositioning 55\u003c\/p\u003e \u003cp\u003eIt’s All about Raising the NOI 57\u003c\/p\u003e \u003cp\u003eProblems to Look For 58\u003c\/p\u003e \u003cp\u003eMaking a Change 60\u003c\/p\u003e \u003cp\u003eThen there’s the Perception 61\u003c\/p\u003e \u003cp\u003eSend the Message that Change is Happening 62\u003c\/p\u003e \u003cp\u003eThe Property Cycle 64\u003c\/p\u003e \u003cp\u003eA Common Repositioning Mistake 67\u003c\/p\u003e \u003cp\u003eThe Two Main Reasons Why Repositions Fail 68\u003c\/p\u003e \u003cp\u003eThe City Cycle 69\u003c\/p\u003e \u003cp\u003eRevitalization Zones 70\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Attract Deals to You with a Minimum of Time and Money 75\u003c\/p\u003e \u003cp\u003ePrinciple #1: Make It Easy to Do Business with You 75\u003c\/p\u003e \u003cp\u003ePrinciple #2: Do What You Say You Will Do 77\u003c\/p\u003e \u003cp\u003ePrinciple #3: Don’t Be a Pain in the Butt 78\u003c\/p\u003e \u003cp\u003eInexpensive Deal-Attraction Techniques 79\u003c\/p\u003e \u003cp\u003eGo Directly to the Owners 84\u003c\/p\u003e \u003cp\u003eOther Techniques that Cost Little but Bring Big Results 88\u003c\/p\u003e \u003cp\u003eGo After the \u003ci\u003eDon’t Wanters \u003c\/i\u003e90\u003c\/p\u003e \u003cp\u003eCruising for Dollars 91\u003c\/p\u003e \u003cp\u003eAnother Way to Cruise 92\u003c\/p\u003e \u003cp\u003eOh So Many Ways to Get Deals 93\u003c\/p\u003e \u003cp\u003eDon’t Make These Three Mistakes 93\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSeparating the Gold Mines from the Land Mines 97\u003c\/p\u003e \u003cp\u003eThe Power of Negative Thinking 97\u003c\/p\u003e \u003cp\u003eProfiting from Value Plays 98\u003c\/p\u003e \u003cp\u003eHow to Find—and Profit from—Burned-Out Landlords 99\u003c\/p\u003e \u003cp\u003eProfiting from Management Nightmares 100\u003c\/p\u003e \u003cp\u003eProperties that Need Repair: Where the Gold is 101\u003c\/p\u003e \u003cp\u003eAvoid Certain Repairs 102\u003c\/p\u003e \u003cp\u003eSolving High-Vacancy Problems—Once and for All 104\u003c\/p\u003e \u003cp\u003eHow I Filled 400 Units 105\u003c\/p\u003e \u003cp\u003eHow to Raise Rents at Takeover and Not Lose Your Tenants 106\u003c\/p\u003e \u003cp\u003eHow to Raise Rents Steadily While Keeping Your Tenants 107\u003c\/p\u003e \u003cp\u003eWhen It Makes Sense to Clean House 109\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Analyze a Property Using the Fewest Numbers for the Most Profit 113\u003c\/p\u003e \u003cp\u003eBack to the Cap Rate 114\u003c\/p\u003e \u003cp\u003eAnalyzing Your First Deal 116\u003c\/p\u003e \u003cp\u003eHow Do We Know It Really is a Deal? 118\u003c\/p\u003e \u003cp\u003eCurrent Management: When to Hold ’Em and When to Fold ’Em 119\u003c\/p\u003e \u003cp\u003eWhat Matters the Very Most to Tenants 122\u003c\/p\u003e \u003cp\u003eIs Someone Putting Lipstick on a Pig? 123\u003c\/p\u003e \u003cp\u003eLet’s Look Inside 125\u003c\/p\u003e \u003cp\u003eMarket Area Inspection 126\u003c\/p\u003e \u003cp\u003eThe Sidewalk Tells the Story 128\u003c\/p\u003e \u003cp\u003eBut What If My Numbers are Off ? 129\u003c\/p\u003e \u003cp\u003eDon’t Get Depressed on Me! 129\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere to Get the Money for All Your Deals 131\u003c\/p\u003e \u003cp\u003eWhy Banks Like Apartments 132\u003c\/p\u003e \u003cp\u003eThree Flavors of Lenders 133\u003c\/p\u003e \u003cp\u003eConduits 136\u003c\/p\u003e \u003cp\u003eWhen to Use a Mortgage Broker 136\u003c\/p\u003e \u003cp\u003ePutting Your Package Together 137\u003c\/p\u003e \u003cp\u003eHow to Get Partners to Fund Your Deals 138\u003c\/p\u003e \u003cp\u003eThe Big, Profitable World of Private Money 139\u003c\/p\u003e \u003cp\u003eDebt versus Equity Deals 143\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwelve Negotiating Secrets of the Pros 147\u003c\/p\u003e \u003cp\u003e1. Be Prepared 147\u003c\/p\u003e \u003cp\u003e2. Understand the Other Party’s Needs 149\u003c\/p\u003e \u003cp\u003e3. Set Your Goals and Rank Them in Order of Priority 150\u003c\/p\u003e \u003cp\u003e4. Decide What Your Strike Price is and Don’t Exceed It 152\u003c\/p\u003e \u003cp\u003e5. Anticipate the Next Move and Don’t Avoid Haggling 153\u003c\/p\u003e \u003cp\u003e6. Remain Calm and Unemotional 154\u003c\/p\u003e \u003cp\u003e7. Build Rapport and Trust 155\u003c\/p\u003e \u003cp\u003e8. Create a Win\/Win Environment 155\u003c\/p\u003e \u003cp\u003e9. Remain Flexible and Open to Options 156\u003c\/p\u003e \u003cp\u003e10. When the Seller Speaks, Listen Closely and Delay Your Response 157\u003c\/p\u003e \u003cp\u003e11. Demonstrate Empathy 158\u003c\/p\u003e \u003cp\u003e12. Silence is Golden 158\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 80\/20 Rule of Rehabbing 161\u003c\/p\u003e \u003cp\u003eExterior Improvements 162\u003c\/p\u003e \u003cp\u003eInterior Improvements 166\u003c\/p\u003e \u003cp\u003eHow to Get the Most from Insurance Claims 170\u003c\/p\u003e \u003cp\u003eDealing with Contractors 171\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Avoid Being a Landlord: Secrets to Hiring Great Property Managers 177\u003c\/p\u003e \u003cp\u003eHow to Find the Best Managers 179\u003c\/p\u003e \u003cp\u003eWhat You Should Expect to Pay 182\u003c\/p\u003e \u003cp\u003eRepositioning Managers: A Special Breed 187\u003c\/p\u003e \u003cp\u003eHow to Get Contractors to Beg You for Business 190\u003c\/p\u003e \u003cp\u003eManaging the Manager: Reports You Should Get Regularly 191\u003c\/p\u003e \u003cp\u003eYou’re an Asset Manager 194\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReselling for Huge Profits 195\u003c\/p\u003e \u003cp\u003eReturn on Equity 196\u003c\/p\u003e \u003cp\u003eIs Your Property Stabilized? 198\u003c\/p\u003e \u003cp\u003eGet Your Financial House in Order 199\u003c\/p\u003e \u003cp\u003eGet Your Physical House in Order 201\u003c\/p\u003e \u003cp\u003eTime to Tell the World 202\u003c\/p\u003e \u003cp\u003eYour Obligations as a Seller 205\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe 10 Biggest Mistakes Repositioners Make, and How to Avoid Them 207\u003c\/p\u003e \u003cp\u003eMistake #1: Running Out of Money During a Repositioning 207\u003c\/p\u003e \u003cp\u003eMistake #2: Leasing Up Too Soon 210\u003c\/p\u003e \u003cp\u003eMistake #3: Not Using Licensed Contractors 211\u003c\/p\u003e \u003cp\u003eMistake #4: Not Getting Three Bids 212\u003c\/p\u003e \u003cp\u003eMistake #5: Assuming the Lowest Bid is the Best Bid 213\u003c\/p\u003e \u003cp\u003eMistake #6: Not Going after Private Money Sooner 214\u003c\/p\u003e \u003cp\u003eMistake #7: Not Marketing Consistently 215\u003c\/p\u003e \u003cp\u003eMistake #8: Discriminating 215\u003c\/p\u003e \u003cp\u003eMistake #9: Not Having Signing Authority on Bank Accounts 216\u003c\/p\u003e \u003cp\u003eMistake #10: Buying a Property with Environmental Issues 217\u003c\/p\u003e \u003cp\u003eMistake #11: Inspecting the Property Yourself 218\u003c\/p\u003e \u003cp\u003eMistake #12: Managing the Property Yourself 219\u003c\/p\u003e \u003cp\u003eMistake #13: Using Fill-in-the-Blank Legal Forms 219\u003c\/p\u003e \u003cp\u003eMistake #14: Dealing with Tenants 220\u003c\/p\u003e \u003cp\u003eMistake #15: Thinking You Know It All 221\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating Your Success Team 223\u003c\/p\u003e \u003cp\u003eReal Estate Brokers 224\u003c\/p\u003e \u003cp\u003eThe Property Manager 225\u003c\/p\u003e \u003cp\u003eAttorneys 227\u003c\/p\u003e \u003cp\u003eProperty Inspector 229\u003c\/p\u003e \u003cp\u003eAppraisers 229\u003c\/p\u003e \u003cp\u003eLender 230\u003c\/p\u003e \u003cp\u003eContractors 230\u003c\/p\u003e \u003cp\u003eInsurance Agent 231\u003c\/p\u003e \u003cp\u003eDemographer 232\u003c\/p\u003e \u003cp\u003e1031 Specialists 233\u003c\/p\u003e \u003cp\u003eAccountant 235\u003c\/p\u003e \u003cp\u003eIn the Next Chapter 236\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNext Steps on Your Road to Wealth 237\u003c\/p\u003e \u003cp\u003eHow Impatient are You? 239\u003c\/p\u003e \u003cp\u003eThe Absolute Shortest Shortcut to Real Estate Wealth 240\u003c\/p\u003e \u003cp\u003eFree Bonus Materials for You 241\u003c\/p\u003e \u003cp\u003eIndex 243\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDAVID LINDAHL\u003c\/b\u003e is an accomplished real estate investor who has been involved in more than 500 deals and controls more than $140 million in real estate. He is principal owner of The Lindahl Group, a real estate investment company that acquires properties in emerging markets across the nation. He operates RE Mentor (www.rementor.com), a publishing and seminar company that shows investors how to profit from all forms of real estate investing. He is also a popular speaker and expert at real estate investment clubs, conventions, and seminars throughout the country. For more information, please visit www.multifamilymillions.com.   \u003c\/p\u003e\u003cp\u003eDave Lindahl was a broke landscaper when he used a cash advance on his credit card to buy his first three-unit apartment house—and immediately reaped a $972 per month positive cash flow. Twelve months later he owned eleven multi-family buildings and had $10,000 per month in extra income. Today, he controls over $140 million in real estate. In \u003ci\u003eMulti-Family Millions\u003c\/i\u003e, Lindahl shows you how anyone can get started investing in small apartment houses and make great money doing it. You can do it on a part-time basis, and best of all, you never need to deal with tenants.  \u003c\/p\u003e\u003cp\u003eCompared with single-family homes, multi-family properties hold much greater profit potential and allow you to earn more money on each deal you complete. There is also far less competition in the multi-family market. In addition, having more units under a single roof reduces your investment risk and offers higher long-term profits. The rewards of multi-family investing are obvious, but how can you benefit when you have very little time or money?  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eMulti-Family Millions\u003c\/i\u003e is the step-by-step guide that shows you how to get into the multi-family game—and get out with big profits. It provides expert coverage of the most effective investing strategies and gives you guidance on every stage of the process—from finding properties with great profit potential to buying, renovating, and reselling them for big money.  \u003c\/p\u003e\u003cp\u003eWith Lindahl's expert help, you'll discover how to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eIdentify troubled multi-family properties that are ripe for repositioning\u003c\/li\u003e \u003cli\u003eNegotiate great purchase prices for target properties\u003c\/li\u003e \u003cli\u003eFlip properties for fast cash or improve them with affordable, value-adding repairs\u003c\/li\u003e \u003cli\u003eResell properties at maximum value with minimum hassle\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eNo matter your level of investing expertise or experience, \u003ci\u003eMulti-Family Millions\u003c\/i\u003e gives you the perfect strategy for success—especially for investors with little time and little cash on hand. Whether you're an expert investor or just starting out, \u003ci\u003eMulti-Family Millions\u003c\/i\u003e reveals the proven strategies, tactics, and infor- mation you need to make big profits—faster and easier than you ever thought possible.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMake Money While You Have a Day Job...and Never Be a Landlord!\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDiscover why apartment houses are the best investment in today's real estate market\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eThe key to making big profits in real estate is to go against the traditional wisdom. When the masses are buying, it's often time to sell. When everyone is selling, there are huge bargains to be found. In \u003ci\u003eMulti-Family Millions,\u003c\/i\u003e contrarian real estate investor Dave Lindahl shows you how to read the market cycle, and explains why \u003ci\u003enow\u003c\/i\u003e is a great time to get started investing in apartment houses—even if it's your first time investing in real estate and you have no money for a down payment.  \u003c\/p\u003e\u003cp\u003eWith a simple two- to five-unit multi-family property, or a thirty-unit apartment building, you can implement the same strategies Lindahl used in over 500 deals to build his own real estate fortune: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow to \u003ci\u003ereposition\u003c\/i\u003e a multi-family property for maximum profit\u003c\/li\u003e \u003cli\u003eWhere to get the money for your first deal\u003c\/li\u003e \u003cli\u003eHow to own an apartment house and never deal with tenants\u003c\/li\u003e \u003cli\u003eTen bad mistakes rehabbers make\u003c\/li\u003e \u003cli\u003eThree proven principles for attracting great deals on multi-family properties\u003c\/li\u003e \u003cli\u003eWhen and how to resell for huge profits\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eConventional wisdom says real estate investors should start with single-family houses. Discover why it's easier and much more profitable to invest in multi-families!\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989658714341,"sku":"NP9780470267608","price":32.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470267608.jpg?v=1761784991","url":"https:\/\/k12savings.com\/products\/multi-family-millions-isbn-9780470267608","provider":"K12savings","version":"1.0","type":"link"}