Realty411 Magazine Featuring OCG Properties - Part Two | Seite 7

published for Investors by Investors
Realty411
&
Wealth
Real Estate
FOUNDER & EDITOR
Linda Pliagas
[e-mail]
EDITORIAL STAFF
Lori Peebles
Matt Malouf
Carla Fischer
Ginger Macias
COPY EDITOR
Lorie L. West
PHOTOGRAPHERS
Sam Green
John DeCindis
COLUMNISTS
Dave Lindahl
Charles Salisbury
ADVERTISING
Kelly Global Marketing
[e-mail]
310.439.1145
EVENTS & EXPOS
Lawrence Ruano
ruanoinvestments@gmail
805.791.5457
PRODUCTION
Lori and Mike Hampton
Emma Krull - The Dab Hand
CALIFORNIA DISTRIBUTION
Professional Distribution Solutions
1.877.418.6500
NATIONAL DISTRIBUTION
KJ Banks: 805.377.6328
PUBLISHED BY
Manifest Media Partners
Nikolaos K. Pliagas - Chairman
Our Mission is to Educate & Inspire
INFO/FAX: [phone]
Realty411Guide.com | reWEALTHmag.com
Main email: [e-mail]
Realty411 and Real Estate Wealth magazines are published in Los
Angeles by Manifest Media Partners (mailing address: 4221 Neo-
sho Ave., Los Angeles, CA 90066). Publishers are not responsible
for unsolicited manuscripts, photographs and/or other materials.
©Copyright 2010. All Rights Reserved. Reproduction without per-
mission is strictly prohibited. The opinions expressed by writers
are not endorsed by the publishers and/or editorial staff. Before
investing in real estate, seek the advisement of a trusted financial
adviser, attorney or tax consultant. Please invest responsibly.
PRINTED IN THE USA. GOD BLESS AMERICA
Connect to our network @
A
by Dave Lindahl
s a successful real estate inves-
tor and top-selling author, I’m
on the road a lot presenting
workshops across the county.
I often start with a bit of personal history
because when you’re a multimillionaire
like I am, people assume you were either
born rich or had a wealthy mentor show
you the inside track to making money.
That’s not my story. Not by a long shot.
Fifteen years ago, I was running my own
small landscaping business in New Eng-
land. I was a guy with a pickup truck and
lawn mower. If you haven’t experienced a
New England winter, let me simply say it
Who Else Wants Up to
$5,000…$10,000 or More
Extra Monthly Cash Flow?
means I was literally frozen out of work for
a good part of the year.
I spent winters doing odd jobs to scrape
by. A friend asked if I wanted to repair a
property that needed some TLC so it could
be resold fast.
The owner was looking for a quick fix
and flip, and thus I was indoctrinated in the
business of flipping properties before it be-
came a national pastime and the subject of
cable TV shows. But what attracted me to
real estate was not the quick turn. It was the
steady cash flow.
The idea of checks from renters filling
my mailbox month after month, regardless
of the weather, really appealed to me.
I wanted other people to pay my mort-
gages, creating huge equity in my build-
ings. I wanted to sit back and watch my
buildings appreciate, making me wealthier
and wealthier.
I wanted to live off the positive cash flow
that I received each month, so I wouldn’t
have to go to a job every day. No more dai-
ly grind. No more living paycheck to pay-
check. Best of all, I liked that “millionaire”
was the likely outcome if I did it right.
Back then there was nobody teaching
how to buy rental properties. The gurus fo-
cused on single family houses, just as they
do today. So I had a big learning curve.
Realty411Guide.com
What You Need to Succeed
First and foremost, to succeed as a real
estate investor you must be motivated. This
business isn’t for the undecided. You have
to want it bad enough to take action. Be-
cause where there’s a strong will, there’s
wealth.
I was 100% determined to own real es-
tate. I didn’t let the fact that I had a less
than $800 in the bank stop me from buying
my first property, a three-unit building in
my hometown.
Sure, I was nervous doing that first deal.
I had no direct experience. No track record.
No personal wealth to use for collateral.
But I didn’t let any of that stop me.
This is why I tell beginners everywhere
that they can own real estate right now.
I don’t care if you’re broke like I was. If
you’re motivated to succeed, real estate —
and all the personal wealth it can generate
— can be yours once you know how to find
properties and structure the deal.
How I Found My First Building
I bought books and tapes on real estate,
even though I didn’t find much on apart-
ments. I went to local investment clubs,
networked with experienced investors, and
started “bird-dogging” for them (finding
PAGE 7 • 2010
Continued on pg. 60

reWEALTHmag.com