David Lindahl's Apartment Riches/Private Money courses
Rental Property Investor · New Britain, CT · Member since 2010 · 22 posts · 23 votes
David Lindahl's Apartment Riches/Private Money courses
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Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
14yRenae,
The problem is some people want mentors for nothing.
The mentor has to get something in exchange for their time whether that be monetary or otherwise.
If for example the mentor is doing deals and then you come in to ask a zillion questions what does the mentor get??
I had a bunch of agents at my brokerage but they were taking time away from me closing my deals.So in the end they were a big headache and cost me time and production so I let them go.
When you find a mentor ask them "What would you like me to do that you need help with??"
Then you can decide if you want to do it in exchange for them sharing their knowledge with you.
36 Replies
Nerissa Vento,
I have Dave Lindahl's and Ray Alcorn's course. Both seem good. I read them at a high level. Since I am currently focussing on single family lease options, I have not tried to implement the multi-famly real estate strategies.
In one of the real estate lease option bootcamp, I met one of Dave Lindahl's students. He mentioned that Dave's course is good but whenever the student finds a private lender, they have to share their (private lender's) contact with Dave's office so the students at Dave's office also can contact this private lender for their deals (Dave's private coaching student's deals) as well. I'm not sure if this is good thing or a bad thing. Dave's office told this student that they will jeopordize his deal. How many of you will share you private lender contacts with others??? Any new student will not be comfortable sharing a private lender info with others.
I like Dave Lindahl's books - Multi-family Millions and Emerging Real Estate Markets.
I believe both Dave and Ray are actively involved in doing real estate deals and thier knowledge is current, which is good thing when compared to some gurus who have not done a deal in the last 10 years.
- Information Systems and Cyber Security Manager – US ARMY · Augusta, GA · Member since 2015 · 128 posts · 30 votes11y
Thank you all for some very interesting insight. As someone just starting to learn the ropes and see how all the pieces fit together this info is very helpful. I just watched Dave's 1 hour pitch which actually has some good information. Tried to write everything important down that I could. Dave talks very fast so it was a little bit of a challenge. I think in all honesty I have learned more from these blogs and the BP podcast so far than anywhere else. I am reading tons of books not just on RE but on business, heath, wealth building, social and psychological behavior. There is a ton of great info in books. Just have to be careful what you read ... and be sure to pick out the re-occurring themes. As far as a paid seminar, I will pass for now. I do however believe individuals should be investing 10-30% of their income in education every single year. Things change very rapidly and the only way to stay ahead of the curve is to learn whats going on out there. Seminars and Live events are one great way to not only learn but benefit from live networking with like minded professionals. You will learn something from everyone you come in contact with, some things good and some things bad. Be careful what you take away from your learning.
Nerissa:
I just found your post, sorry for the late response. Dave was trained by the Master Ron LeGrand many years ago. I have taken his course and know of several very successful people whom have taken the information and "Took Action". Dave is the real deal and has built up a nice portfolio.
Another person to look into is Lance Edwards in TX. I have his course and when I was speaking did Joint Ventures with him, nice guy. His URL is
http://www.apartmentwealthinfo.com/ .
Both teach about the same, it is all in who you like and the way they teach because the basics of investing are the same.
The main point is to pick one, or both and then GET STARTED!
Good Luck
Pat Gage
- Suwanee, GA · Member since 2016 · 48 posts · 4 votes10y
I'm on chapter 3 and it's a good read so far
- Information Systems and Cyber Security Manager – US ARMY · Augusta, GA · Member since 2015 · 128 posts · 30 votes10y
Very interesting the first search I do for figuring out accredited investor money and how to gather it led me here. I know this topic is 5ish years old but still relevant today and one that I don't hear many people talking about. Most people discuss hard money lending and private lending and I see how they are similar but they seem to me opposite ends of the spectrum. HM/PM vs syndication is totally different. I listen to the "old dawg real estate" (with @billmanassero) podcast from time to time, despite that I just turned 40 this year, because I am starting later in the game than most average newbies on this site (at least as far as I can tell). He just had a guest on this past week with @bobbowman talking about raising private money. I assumed it was about smaller private money deals and I guess any private money is the same. Surprisingly he mentioned Dave Lindahl and attending his raising private money seminar. The guy basically left that seminar (late 2009) and within 90 days raised over a million dollars in accredited investor forms. That just blew my mind. Bob had no experience in apartment investing nor did he have any apartments in his portfolio. So then I started to think about it and it brought me down the rabbit hole. Still learning all the ins and outs of RE investing and working toward closing a first deal but in the mean time there is so much to learn and I believe on a larger scale that this is one key skill that investors in general are not able to leverage. The funny thing is that Bob now gives the seminars on gathering private money for Dave.. I saw someone mention that Dave no longer does the seminars himself. Bob is his replacement for the past couple years. Just thought I would throw this into the discussion and I hope that the past 5 years have all been beneficial to you and your investing strategies. I think the key takeaway for me was the accredited investor form and how it works. I will be digging into this more and more and probably do a blog post once I figure it all out. All the best!
- Investor · Austin, TX · Member since 2013 · 933 posts · 1k+ votes10y
Nerissa,
I have benefited from hiring a coach who actually does syndication deals. I found this person on Bigger Pockets where there are some good syndicators. After working w/their system to learn about syndication and the various aspects of market analysis, property evaluation, etc., I approached him on working on an actual deal that he was syndicating. This was at the time not part of his program. I got real world practical experience helping him raise capital but learned a ton more in the process. I added value to him and the team and also earned some income from it as I became part of the general partnership. This worked out for me better than I could have expected as more deals are in the pipeline and I can continue to do the role but learn other aspects of syndication. You can learn more about this in the following interview (two parts - podcast 122 and 123 / Kevin Bupp).
Gurus and clubs are also of benefit to many, but hiring a coach (vs a mentor) creates more of a formal obligation based on an agreement w/more sure direct access to the expert. I also would look to see if there is a possibility over time to help out. The coach should be very selective on who he / she brings into their program (serious students) and be limited on how many folks they coach so that you can get their time and expertise you are paying for.
- Real Estate Investor · Fair Oaks, CA · Member since 2016 · 1 post · 0 votes9y
The lack of connection is the personal mentorship and support in your LOCAL area. Imagine you find a deal. Now imagine emailing your coach a question at every single point in the process when you want to make sure you're doing things right... and you have to wait for a response! Anyone with any Real Estate Investing experience at all, knows that you need to lock down a property fast before it's taken by another investor, which is why you always say Yes first and do your due diligence later to find out if you want to keep it! (you have 10 days)... in 10 days, they'll have to respond almost immediately to every single email and question that you have had before you can move forward safely.
Wouldn't it be wonderful if you could actually call your mentor, who lives in the same city as you, and go look at a property together? Go to title together? Grab lunch afterwards and talk it through, get more questions answered and make sure that you know what you have to do?
The only group with local support and personal mentorship that I've found has been Renatus.
- Spartanburg, SC · Member since 2017 · 5 posts · 0 votes9y
I've purchased the "Apartment House Riches" course and just love his deal analysis software
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