Multi-Family Millions How Anyone Can Reposition Apartments for Big Profits

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Multi-Family Millions How Anyone Can Reposition Apartments for Big Profits by Lindahl, David, 9780470267608
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  • ISBN: 9780470267608 | 0470267607
  • Cover: Hardcover
  • Copyright: 4/25/2008

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The book is about three main multi-family rental property investing strategies: How to identify troubled multi-family rental properties that are ripe for repositioning and negotiate their purchase; How investors can either flip that property for fast cash, or repair it. In the latter case, I'll show them how to determine what needs to be done, how much it will cost, and how to get it finished with a minimum of cost and effort on their part; and How to re-sell the property for maximum value. KEY BENEFITS TO THE READER: Why there is less competition in multi-family investing. Why more units under one roof actually reduces your investment risk. How to make more money doing fewer deals (especially attractive to the time-challenged). How to do real estate deals without the hassles of being a landlordand how to hire a dream team of contractors to do fixer-upper work, so you don't have to How to build wealth on a part-time basis. How to smoke out the deals that require little or no money of your own...and how it's possible sometimes to be paid to do a deal. Step-by-step systems for each phase of the process: identifying the property, determining the best exit strategy (flip or repair); securing financing if necessary; getting it under contract; estimating repair costs, dealing with contractors successfully (I'm also a contractor), and completing the resale of the property. How to increase the value of the property by making simple repairs. How to get six figure checks on a regular basis. Three strategies you can use right away, depending on your circumstances: The "Maximum Cash" strategy for making the most money on a property; the "Minimum Time" strategy for doing your first deal while you have a day job; and the "No Down Payment" strategy for getting a deal done with no money out of your pocket.
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