Dave Lindahl, pg. 22
the right kinds of properties for cash flow.
What Walter created was a job that re-
quired him to get up every morning and “go
to work”. After months of effort and stress
— finding a bargain home, closing on it,
fixing it up, and reselling it — he was reju-
venated by the thrill of making a big profit.
But to earn his next “paycheck”, he’d have
to start all over again. It wasn’t because he knocks alone. The systematic approach to
investing in apartment buildings appealed
to me and I know it has some appeal to you
as well.
So, what is the system for investing in
apartment buildings? It is much the same
as for any real estate venture and it starts
with recognizing the value in the commod-
ity. If you don’t understand why real estate
wanted to. It’s because he had to. And it
always took 4 to 6 months to complete the
cycle and make another profit. I decided I
needed to follow a different system by in-
vesting and holding apartment buildings.
Naturally, I am a believer in systems as it
was a system that helped me escape a dead
end career as a landscaper to do what I am
doing today. For me, a system represented
a step-by-step approach to doing something
I hadn’t done before. I had no road map and
didn’t want to learn from the school of hard is valuable, you can’t possibly differentiate
a good deal from a bad one.
The system for real estate also involves the
steps outlined:
•Building a team
•Finding properties
•Locating funding sources
•Making offers
•Securing funding
•Negotiating deals
•Streamlining the closing process
•Property improvement
•Property management
•Asset protection and wealth develop-
ment
None of these things are any less impor-
tant than the others and they are listed in a
basic sequence of how and when you should
pursue them. I can’t possibly discuss them
all in detail within a sin-
gle article but I do want
you to see that there is a
logical progression here.
Each step in the system
has its own steps to learn,
ways to validate learn-
ing, and also specific ac-
tion steps to take. Back
to how my system had
me do things differently
than Walter. Almost ev-
erybody avoids…no, al-
most everybody is afraid
of apartments. They are
afraid of Property Man-
agement (a step in the
system above). I was too
at first, and that is why
I turned common Prop-
erty Management beliefs
on their head. I knew I
could use this general
fear to my advantage.
With the help of men-
tors in my life I was able
to create the best apartment buying system
that alleviated the need for me to be a land-
lord and didn’t have all the tax drawbacks
of Walter’s system. It provided perpetual
income for me and had my tenants pay my
mortgage.
Receive Dave Lindahl’s free report, call
800-559-8590 or visit:
www.DavesOffer.com/Realty411
To read more about Dave and hear a stu-
dents success story visit:
www.Rementor.com/Realty411
Naturally, I am a believer in systems as it was a
system that helped me escape a dead end career
as a landscaper to do what I am doing today.
Realty411Guide.com
PAGE 62 • 2011
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