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Browse every published article connected to David Lindahl, with exact attribution and full-archive search.
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Browse every published article connected to David Lindahl, or search within this exact expert archive.
Let me ask you a question. Which do you think is easier to get? One million dollars from a single person or one dollar from a million people? As a real estate investor who actually has a million dollars in the bank I might be better suited to answering this question than most and though it is ...
You have one chance to make a first impression and in this business, networking is your key to success. I talk a lot about having teams of professionals who are ready to help you accomplish your goals. I also talk about making sure that your deal pipeline is full. None of this can happen without the proper people in place. Here are five ways anyone can do to network like they’re a veteran. 1) Look and act as if you were already a success. The way you dress says a lot about you especially when people are sizing you up for the first time.
Looking at the latest information regarding the global credit crunch and the possible slowdown of the global housing market (or rather the local housing market globally) the clear thing is that the housing market is in for a rough ride and whichever way you look at it those in it will need to be ...
In real estate, negotiation is more like art than science. Some might also consider it to be like a dance because both parties go back and forth with each other... with hopes of bringing both of them to something better, with each person achieving win-win results.
Whether you are new to the real estate investment word, or a seasoned veteran like me, it is always a wise idea to take some time to re-evaluate, clean up and organize your real estate business. You will be surprised how a little spring cleaning can go a long way to improving your business and even boosting your profits. Follow this simple spring cleaning advice and give your business the boost it needs for great success and profits. Create a Plan of Attack
We all know someone who has a business that struggles to reach that next level. Maybe it’s your business. Many times this kind of struggle is simply due to the entrepreneur’s own mistakes-- mistakes that are completely avoidable. Then there are those entrepreneurs who fall completely flat, and fail miserably. Why? There are 9 potentially lethal reasons listed here. Avoid these mistakes and you will NOT be one of those entrepreneurs who land at the bottom of the heap and out of business.
Chances are if you are new to property investment you may be a little overwhelmed with all of the terminology that you are being faced with. After all when you were making your initial investment in your residence you don't recall hearing terms such as absorption rates.
The idea of property management in real estate is usually surrounded by images of large apartment buildings, or a smaller management operation taking care of individual properties. What is often overlooked is how good property managers can help you make sense (and money) from investments that ...
In this article, I am going to tell you how you can make money with low rents; the two primary reasons why landlords keep their rents below market; and how you can profit handsomely because of it. I am a value investor. What does that mean? That means I look for opportunities in the marketplace where I can buy a property that has a small problem, fix that problem and make a bunch of money because of it. In the market place, this is called “value add.” If you want to maximize your return on your real estate investments, you should be buying a property that has a value add component.
In some areas real estate is in demand, in other areas this is not the case. The key to selling real estate is buying that real estate in a desirable location or one that will become desirable soon. If the location of a property is not desirable, selling it becomes virtually impossible!
I have one questio I always ask management companies when interviewing them. If they don’t answer it correctly, I almost never hire them. As you know, investing in multi-family property can create a lot of wealth in a very short period of time. You can be paid three ways. The first way is through the monthly cash flow you get on the properties. A continuous revenue cycle that comes in month in and month out that truly creates freedom in your life.
There are three main reasons novice investors fail in commercial investing: inaction, being cheap, and doing deals that shouldn’t be done. I can’t tell you how many times I hear young investors tell me the reasons why they haven’t reached their goals. Well, it’s time to get out of the slump of wrong thinking and doing what it takes to make this year your best investing year ever.
The question that makes up the title to this article might seem a bit confusing. After all, isn’t the business of owning apartments (large or small) about having tenants and a positive cash flow? Of course it is, and that isn’t really the point. The point is that you should not have to be ...
I get this question all the time… Dave, can I do this? And my response is always the same, “Do you think you can?” But in reality, there is more to it and that’s what we are going to be talking about … Can you do this? First, let’s talk about what “this” is. “This” is anything you are not sure you can do. It doesn’t matter what “this” is because the answer to “can I do this” is going to be the same.
The moment you talk about making money in any real estate investment venture the thought that occurs in most investors’ mind is ‘What are the risks?”. Most people think that in order to make money in real estate you need to have a truckload of money to start off with. If Donald Trump taught us ...
In order to be successful in the real estate business, it is vital not only to research, but to learn and to become familiar with the current market trends. Knowing the market cycles, you as a potential buyer, can make a smart investment decision by developing a strong market strategy. This strategy can help you to weigh out the potential risks and rewards to investing at any point in the market cycle, and it imperative to making profit in the area of real estate.
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include: ·Property Inspectionrn·Market Analysis (values, rents, etc.)rn·Title Inspectionrn·Lien Reviewrn·Confirmation of Seller’s Mortgage Balance and Paymentrn·Confirmation of “Currency” of Seller’s Mortgagern·Mortgage Terms (e.g.
Every profession has its secrets. It’s an unavoidable part of the way it operates. Real estate investing is no different. Those who are lucky enough to survive in it and acquire experience soon realise that there are indeed so-called secrets that basically govern the formula for successful real ...
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors. If this scenario rings true for you, then you might consider something a little more basic to help build some investing momentum and to also put some cash in your pocket as you’re doing so.
Without a doubt, one of the greatest aspects of commercial real estate is the tremendous value of the properties that are out there and available for purchase. The natural question arises, ‘What determines value?’, and that is perhaps why you’re reading this article. The first determinant of ...
Most new investors, and plenty of more experienced ones too, like to stick to what – and where – they know when it comes to investing their hard-ea ed cash in equities. This is a natural enough reaction from people who are asked to take a risk with their investments on a daily, almost, basis. ...
The effectiveness of your network determines the strength of your real estate investment business. I’m always on the lookout for new people to work with – new private investors, new bird dogs, and new players in the market. The way I see it, I am only as good as the weakest member of my team. In fact, I firmly believe that a strong network of people working together can propel any investor to new heights in their commercial real estate career. A strong network of experts lowers investment risk. Needless to say, I hate losing money.
The first key to being successful in the area of marketing is to think positively about your abilities to buy and sell properties, and have confidence that you have the skills necessary to put successful strategies in to place to reach your goals. Remember, if your passionately believe in your skills, your potential clients are going to believe in you as well, this self-assurance will increase the likelihood of them doing business with you in the future. Offering your clients an incentive to doing business with you will motivate them to act fast.
Many problems arise with a failing economy and everyone feels the crunch. These financial hardships all have their own labels to then according to the circumstance. For business it is referred to as "cutbacks", for individuals its being "tight money" and for the banks it is "toxic assets". Financial distress becomes like a merry-go-round, everyone is on it and there seems to be no end. The one potential hope is to address the toxic assets of the bank and start a rolling effect of financial growth.
Those who, like myself, have been active in real estate investing for some time know that the formula for success relies on being able to work in the real estate field at more than one level. The reason for this is that real estate, by nature, is very volatile. To rely on exactly one strategy ...
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. Examples of due diligence you’ll want to perform for your pending deals include: ·Property Inspectionrn·Market Analysis (values, rents, etc.)rn·Title Inspectionrn·Lien Reviewrn·Confirmation of Seller’s Mortgage Balance and Paymentrn·Confirmation of “Currency” of Seller’s Mortgagern·Mortgage Terms (e.g.
This is a story about one man, one woman, two weeks and a twenty-three thousand dollar profit. When I first started investing I took real estate classes, read books and manuals, and listened to cassettes (yes cassettes… what are those?!) constantly. I wanted to learn as much as I could and I wanted to make as much money as I could. I knew the more I learned, the more I earned. I started buying multi-family properties. Then I began flipping single-family properties so that I could buy more multi’s. It was during one such flip that I encountered a very strange experience.
For the new real estate investor looking to break into the real estate investor market and make a name for themselves a real estate investment syndicate offers the best way forward, minimising exposure, solving the issue of cash flow and, at the same time, giving the opportunity to those who do ...
Million dollar dreams are only an illusion without the proper vehicle to attain it. If you’re a serious investor looking for a way to obtain more wealth without the hassle and risk of building your financial empire one house at a time, then apartment building investments are just the thing you’re looking for. With regards to cash flow, apartment complexes are by far, the most lucrative deal that is within the reach of private investors. Here’s why. ·There’s less competition.
The better negotiator you are, the more deals you close. Negotiations do not start when you make an offer, negotiations start with the first contact you have with a potential seller. I am going to lay out a technique that I learned many years ago and I’ve used since, to close over 7,000 units in my 18 plus years of real estate investing. I call it… The Safe Island Technique. Imagine you are going to have a major operation. When talking to your doctor, the doctor doesn’t tell you, “show up tomorrow morning and we will remove that spleen and you’ll be as good as new in a few days.”
I’m often asked about my background because many investors are curious if success is based upon some sort of pedigree or simply good luck that befalls a fortunate few. I’m happy to say that, specifics aside, you’ll probably find that my route to success is something you can indeed relate to. In ...
The question that makes up the title for this article is one that I get all too frequently when working with real estate investors. It’s a fair question, no doubt. After all, most real estate investors are not born into the trade, so to speak. Instead, we come from corporate America, numerous ...
We hear a lot about systems for success. Whether it’s network marketing, making a fortune on the Internet, or what have you, systems are seemingly what it is all about. This begs the question: ‘What it is about a system that we find appealing?’ I think the best thing that characterizes a ...
In today’s increasingly competitive leasing market, it is becoming progressively more important for building managers and owners to build, and to maintain a positive status quo with their tenants. Hunting for new tenants to fill vacant spaces in your units can be timely, and costly. The time ...
Stop me if you’ve heard this one before but real estate investing, in order to pay off big, requires some play money which must be equally big. This is the popularly accepted wisdom and it becomes the stumbling block which stops many real estate investors with the necessary drive and set of ...
Any real estate investment deal worth doing should be able to withstand a little due diligence, and commercial properties are an excellent example of this. As first introduced in previous articles, examples of due diligence you’ll want to perform for your pending deals include: ·Property Inspectionrn·Market Analysis (values, rents, etc.)rn·Title Inspectionrn·Lien Reviewrn·Confirmation of Seller’s Mortgage Balance and Paymentrn·Confirmation of “Currency” of Seller’s Mortgagern·Mortgage Terms (e.g.
In a previous article, I pointed out that coming up with the funding to support commercial real estate purchases may be both intimidating and even prohibitive for many real estate investors. If this scenario rings true for you, then you might consider something a little more basic to help build some investing momentum and to also put some cash in your pocket as you’re doing so.
Money. If you want to grow your business quickly and do more real estate deals, it is going to take money. And if you plan on growing quickly, you’re going to do it by using other people’s money. 1) Go to where the money is When asked why he robbed banks, John Dillinger said, “That is where the money is.” So as a real estate investor, where would you go to get investors to invest in your real estate deals? Where the money is. And where is the money? Business networking groups.
Lead generation is a foundational activity of your commercial real estate business. Without it, you’ll fail before you even begin. Many people don’t think they have the time or the energy to find deals. I don’t care how busy people tell me they are. My response is always the same – if you want it bad enough, you’ll make time for the important things. When you discover how easy it is to get started, you’ll be kicking yourself for not starting earlier. Here are six ways to generate commercial property deals. 1)Direct Mail Direct mail is one of my favorites.
Are commercial fixer-uppers worth the time, expense and effort? My answer to that would be that the right fixer-upper with numbers that make sense can be the right strategy to use. In fact, these types of properties can be an easy way to see an instant value increase in the property but like with any deal, only if the costs to rehab the property make sense. Commercial fixer-uppers employ one of my favorite value plays called “repositioning”.
If you don’t get the expenses right when you are analyzing a real estate deal, you are setting yourself up to get into a bad deal. There are three parts to due diligence for any real estate deal. The first is financial. This is because if a deal is going to die, 72% of the time it is going to die during the financial due diligence. The second part is the physical due diligence—are all the parts to the property working properly. And, the third part involves legal due diligence—is there a clear title to the property.
Real estate investing is much more than finding and buying property. There is more to be done once an investor completes the deal. As an investor, you might own the property for months, and more often, for years. And, by all means, you don't want another job or obligation in your life. After all, that is why real estate investing is so appealing.
Every successful business does some sort of innovation. The most successful businesses have a process for innovation. When you incorporate a process of innovation into your business, you will blow away your competition. Before I reveal a simple formula for implementing an innovation process in your business, we should first discuss what innovation is, and is not. Innovation is not seeing what good or service is selling in your marketplace and/or seeing what is new, and copying it. That is copying and in any market, it’s the “first mover” who reaps the rewards of the market.
Are you looking for alte ative investment options? With the volatility of today’s stock market, investors are seeking alte ative investment options that can provide both current income streams and capital appreciation. One option that is capturing the attention of millions of investors is that ...
Real estate agents are complaining that some homes marketed as short-sale properties are not actually short sales and they affect both the market and buyers’ expectations in them which is helping to create a muddied picture when it comes to real estate investment. As a real estate investor who ...
Most real estate investors are aware of the potential profit from buying government-seized properties -- homes and other types of property the government has acquired from tax cheats, drug dealers and other criminals. Because the government isn't in the business of renting or flipping properties, they want to unload them as quickly as possible. While this is unfortunate for the previous owner, it creates opportunity for investors who act fast and know what to do.
It’s a fairly well acknowledged fact that when the going is good just about anyone can make money. This is as true of real estate as any other market and when the going is good there everyone tends to think the same way: they think of the rewards more than the risks and want to get in there and ...
If you’ve been to any of my boot camps or read any of my books, one thing you’ve heard me say is “take only intelligent risks”. Sure. There’s money to be made in commercial real estate deals, but along with any business comes the potential pitfalls that you must learn to navigate yourself through in order to have a successful deal.
Successful negotiation skills are an art form and must be mastered for you to achieve your investment goals. People who put negotiations on the back burner thinking that they’ll get by or they’ll let someone else handle the deal will often find that they end up with a whole load of work without the pay off.
The two major issues that stop investors from pursuing commercial real estate deals are no time and no money. In my experience, I’ve started off with practically none of these resources available to me, but as I broke these barriers my investing career started to flourish and I became a millionaire in under four years.