If Single Family Homes Are Such Great
Investments, Why Do Most ‘Investors’
Still Go To Work Every Morning?
W
by Dave Lindahl
ouldn’t you love to discover
how to make $9,700+ in
passive income month after
month… and how to reap huge positive
cash flows from real estate – with less
risk, less money down, and no tenant
headaches?
I’ll tell you what, if you want to collect
an automatic monthly income of $9,700
or more -- without having to get up ev-
ery morning and “go to work” – then you
need to know that most real estate ex-
perts are giving you the wrong advice!
See, they rave about buying and selling
single family homes, but they don’t tell
you about the risks and downsides. They
no income. That’s not financial
freedom.
4) The government takes
33%-50% of your profits!
When you hold houses for less
than a year, your profits are
taxed at the painfully high rate
of “ordinary income”. Com-
pared to my approach, you have
far less cash to roll into the next
property. The result: it could
take you twice as long to attain
financial independence.
When you’re flipping houses, you’ve got to
keep working to earn your next “paycheck”.
don’t admit that single family homes are
poor investments for passive income...
for attaining real financial freedom.
Now don’t get me wrong, if you can
wait a few years for your upside, single
family homes have a history of appreci-
ating nicely. And if you’re happy making
one-shot profits, flipping houses can be
an exciting business. Over the past eight
years, I myself have bought, rehabbed,
and/or sold 422 houses. If you can pull
it off (despite the risks), you can make
a big profit in four to six months. It can
be a good business model. But it’s not
financial freedom.
When you’re flipping houses, you’ve
got to keep working to earn your next
“paycheck”. You’ve got to keep market-
ing, buying, renovating, and selling.
This is the life of a “house flipper”;
1) You’re at the mercy of contrac-
Realty411Guide.com
tors. Most bargain homes are in disre-
pair. You’ve got to renovate them, but
most contractors are unreliable. You’ve
got to oversee everything they do, or risk
paying for their mistakes. And the good
ones are always booked up for months in
advance.
2) You lose money for four to six
months. That’s how long it takes to fix
up a house and resell it. When your con-
tractors drag their feet, you’re left help-
less and stressed out. Every day your
house sits vacant, your bank account is
further depleted by loan payments, taxes,
insurance, and utilities.
3) Your job never ends. When you
finally sell, you’ve got to start all over
again, marketing, negotiating, and over-
seeing your contractors. If you take time
off, or can’t work for awhile, you have
PAGE 8 • 2011
If you’ve read the best-selling book
Rich Dad Poor Dad, you understand that
income-producing assets are the key to
financial freedom. You also know that
Robert Kiyosaki (the book’s author) built
his personal fortune through buying and
holding real estate.
Unfortunately, Kiyosaki doesn’t go
into detail about how he selected, man-
aged, or sold his properties. That’s why
I’m writing, “The Real Secret…Apart-
ment Buildings And How To Manage
642 Units With One Phone Call Each
Month!”
Today, I own 33 multi-family apart-
ment complexes, with 7,322 units in all.
Yet, I never deal with a single tenant,
their complaints, any repairs, or vacan-
cies.
My carefully chosen property manag-
ers handle 100% of the tenant manage-
ment. I have one phone call per month
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