In today’s economy, there is more uncertainty among investors than there is among novices shopping around at an antique store.
Dave Lindahl has rehabbed over 521 houses in just under 10 years and owns over 2204 apartment units. Starting out as a struggling landscaper with no experience in construction, Dave accepted an opportunity to renovate a foreclosed house for a local bank during the wintertime when there was no landscaping to do in Boston. The job was completed mostly with the advice of relatives and friends who knew how to do the work.After completing the first house, he did another and then (after getting over his initial fears) began to buy and hold small apartment buildings for himself. To get the money for down payments (he originally used credit cards until they ran out!), Dave would rehab single-family houses to “flip” for chunks of money, so he could buy more apartment buildings. With in the first 14 months, Dave’s apartment buildings created a positive cash flow of over $10,300 a month for him and his family and with in three and one half years Dave became a multi-millionaire.Today, Dave has earned millions of dollars renovating houses for resale, and owns over 1811 apartment units with a monthly cash flow equaling what most people make in a year!