David Lindahl - Apartment Houses

Just purchased the course in June. I have a duplex under contract with a large walk-in equity. We submitted a letter of intent on a 125 unit complex but got outbid. Currently have three other multi-units under review. The material really takes away the fear of big numbers.

Edited: 06/26/2010 at 05:34AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75547 Influence
15 Awards

Icon_minipost Jul 24 '08, 11:06 AM

I've not bought his material, but I've seen and listened to his pitch a couple of times. I've also read one of his books. He seems pretty reasonable. He actually does recommend using 50% of rent as the minimum expenses, and recommends purchasing at 10X annual NOI. That amounts to 5X gross rent, if expenses really are only 50%, or 60X monthly rent. A little higher than the
" 2% rule of thumb" , but far closer than any other guru I've heard actually address this level of detail.

Edited: 06/26/2010 at 05:34AM

Jon Holdman, Flying Phoenix LLC

Gary E. London, CPA

Real Estate Investor · Chicago, Illinois

43 posts
3 Influence
2 Awards

Icon_minipost Jul 24 '08, 08:24 PM

Home study material also includes a software analysis that allows you to quickly look at viability of any transaction. For instance, when the seller gives you the gross rental schedule Dave recommends that you use a 10% vacancy factor. If the property still has a positive cash flow it could potentially be a winner. (Of course there are other factors to take into consideration).

Edited: 06/26/2010 at 05:34AM

William Bustos

· CA

35 posts

Icon_minipost Aug 26 '08, 07:29 AM

Hey Gary was looking a getting David items. Can you please give an update?

thanks,

Edited: 06/26/2010 at 05:46AM

Dave Eberhardt

20 posts
1 Influence

Icon_minipost Aug 27 '08, 12:09 AM

I have his home course as well, and I do agree his stuff is pretty good compared to what I have saw. I am interested in his boot camps etc as well. I dont know after his course if I feel confident to buy right away

Edited: 06/26/2010 at 05:46AM

Dave Eberhardt

20 posts
1 Influence

Icon_minipost Aug 27 '08, 12:10 AM

also anyone have daves course on fixing and flipping single family homes? or chunkers as he puts it?

Edited: 06/26/2010 at 05:46AM

Ryan Steele

Real Estate Investor · Chicago, Illinois

957 posts
96 Influence
3 Awards

Icon_minipost Aug 29 '08, 09:35 PM

Dave & Gary,

As you are both in the Chicagoland area, I know a handful of people that have done the home course, the bootcamps and even have purchased buildings with Lindahl.

Feel free to contact me to get some information on them, so you can meet, chat, etc with them more in depth about their experiences with Lindahl.

Edited: 06/26/2010 at 05:47AM

Dave Eberhardt

20 posts
1 Influence

Icon_minipost Aug 29 '08, 10:03 PM

Again Ryan.. thanks for the great relpy.. I am really excited to learn more, and happy I found this site.

I will PM you with me email address, and if you could send me some more info that would be great!

Edited: 06/26/2010 at 05:47AM

Roc P.

143 posts
264 Influence
1 Award

Icon_minipost Aug 31 '08, 07:12 PM

More input please b/c I'm on the fence about this material.

Edited: 06/26/2010 at 05:48AM

Dave Eberhardt

20 posts
1 Influence

Icon_minipost Sep 01 '08, 06:58 AM

also Ryan, what have people said about lindahls program that you know? Have the investors you mentioned used his material and done deals with it?

Edited: 06/26/2010 at 05:48AM

Stewart Hsu

· California

1 post
12 Influence
1 Award

Icon_minipost Sep 07 '08, 04:20 AM

I've purchased his Apartment House Riches home study course, and have bought a 60-unit apartment and 68-unit apartment since. I've attended part of the bootcamp as well, probably the best out there for getting know-how on investing in apartments.

Best, Stewart

Edited: 06/26/2010 at 05:51AM by Administrator : Website Promotion REMOVED. Create a signature if you want links to your blog.

Michael Shadow

Multi-family Investor · Bellefonte, Pennsylvania

1042 posts
968 Influence
9 Awards

Icon_minipost Sep 08 '08, 12:39 AM

I've listened to his interview with Get Real. It was one of the things that got me leaning towards multis. Then I met with some local investors and they too recomended starting with multis, so that is my business plan. I have not bought his course but I have listened to his seminars on line multiple times and I'm not sure how much more I would get out of buying the course.

-Michael

Edited: 06/26/2010 at 05:52AM

Ron Lerman

Real Estate Investor · Laguna Niguel, California

15 posts
25 Influence
1 Award

Icon_minipost Sep 09 '08, 10:39 AM

I have gone to his boot camp and read his books. The books are interesting and have some good information regarding real estate cycles. The boot camp materials are put together in a very sloppy way, in my opinion. The real value in the boot camp for me was networking. A better boot camp was Scott Scheel. As a result's boot camp my partner and I bought 2 apartment buildings (96 units & 80 units).

Edited: 06/26/2010 at 05:53AM