Emerging Real Estate Markets E-Book

David Lindahl

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 443

Veröffentlichungsjahr: 2011

Beschreibung

Praise for Emerging Real Estate Markets

"In this book, you'll discover how to snatch real estate opportunities at low prices, before their value becomes common knowledge. Buy all the copies on the bookshelf before your competitor does!"
—Frank McKinney, "The Maverick Daredevil Real Estate Entrepreneur" and author of Frank McKinney's Maverick Approach to Real Estate Success

"I've never seen another real estate book even come close to laying out a profit road map the way this one does. If your local economy is too hot or too cold, Lindahl's guide will show you how to invest in the up-and-coming markets with the greatest profit potential."
—Stacy Kellams, President, www.RealEstateCourseReviews.com

"Lindahl shows you how to look into the future and see where the next hot real estate markets will be. It's the closest thing I've found to a real estate crystal ball."
—Jeff Adams, President, www.FreeRealEstateMentoring.com

"The brilliant thing about this book is Lindahl's approach to investing by 'remote control.' He has a real-world system for living in one place and making money from investments in another."
—William Bronchick, attorney and coauthor of Flipping Properties

"In the crowded field of real estate gurus, Lindahl stands head-and-shoulders above the rest. This book is must reading for any serious investor—beginner or veteran."
—Justin Ford, author of Seeds of Wealth and Main Street Millionaire

Leseprobe

Table of Contents

Title Page

Copyright Page

Dedication

Acknowledgments

CHAPTER 1 - REAL ESTATE EMERGING MARKETS: YOUR TICKET TO GREAT WEALTH

INVESTING WITH THE FOUR PHASES OF THE REAL ESTATE MARKET CYCLE

WHAT MOST REAL ESTATE INVESTING BOOKS LEAVE OUT, OR DON’T KNOW

AVOIDING REAL ESTATE LOSSES WHEN THE MARKET TURNS DOWN

DISCOVER THE PATH OF PROGRESS, AND GET WEALTHY

COULD A GREAT EMERGING MARKET BE RIGHT UNDER YOUR FEET?

WHY MOST PEOPLE CAN’T RECOGNIZE AN EMERGING MARKET IN THEIR OWN BACKYARD

HOW I DISCOVERED THE POWER OF EMERGING MARKETS

HOW TO PREDICT THE HOTTEST FUTURE GROWTH AREAS

HOW SIMILAR ARE REAL ESTATE AND STOCK MARKET INVESTING?

IN THE NEXT CHAPTER

CHAPTER 2 - HOW TO IDENTIFY EMERGING MARKETS USING MY “MARKET PHASE” METHOD

HOW TO INVEST IN EACH PHASE OF THE MARKET

WHAT YOU NEED TO KNOW ABOUT THE BUYER’S MARKET PHASE I

WHAT YOU NEED TO KNOW ABOUT THE BUYER’S MARKET PHASE II

HOW TO INVEST IN A BUYER’S MARKET PHASE II

WHAT YOU NEED TO KNOW ABOUT THE SELLER’S MARKET PHASE I

HOW TO INVEST IN A SELLER’S MARKET PHASE I

WHAT YOU NEED TO KNOW ABOUT THE SELLER’S MARKET PHASE II

HOW TO INVEST IN A SELLER’S MARKET PHASE II

MORE ON EMERGING MARKETS

CHARACTERISTICS OF THE BEST EMERGING MARKETS

IN THE NEXT CHAPTER

CHAPTER 3 - GOLDMINES AND LANDMINES IN EMERGING MARKETS

THE HIGH COST OF BAD ADVICE

LOCAL INVESTMENTS CAN BE HIGHLY PROFITABLE

INSIGHTS I GAINED FROM THE BOSTON MARKET

EARNING POSITIVE CASH FLOW

BUYING BELOW REPLACEMENT COST

KNOWING WHEN TO MOVE TO ANOTHER MARKET

THE IMPORTANCE OF COURAGE

HOW TO MANAGE OUT-OF-AREA PROPERTIES

THE INCREDIBLE WEALTH-BUILDING POWER OF 1031 EXCHANGES

THE COMPOUNDING FACTOR

FOLLOWING THE RULES TO ENJOY THE BENEFITS OF A 1031 EXCHANGE

EMERGING MARKETS ARE NOT THE SAME AS HOT MARKETS

WHY BOTH EMPLOYERS AND EMPLOYEES PREFER EMERGING MARKETS

WHY IT TAKES LESS MONEY TO GET STARTED IN EMERGING MARKETS

THE HARDEST PART OF INVESTING IN EMERGING MARKETS

IN THE NEXT CHAPTER

CHAPTER 4 - GETTING YOUR FIRST DEAL IN AN EMERGING MARKET

SECRETS OF GREAT WEALTH CREATION

WHERE YOU SHOULD START

THE SUPREME IMPORTANCE OF TIME MANAGEMENT

HOW TO SAVE TIME AND MONEY WHEN INVESTING IN EMERGING MARKETS

SECRETS OF SUCCESSFUL DIRECT MAIL CAMPAIGNS

WORKING SUCCESSFULLY WITH AGENTS

MORE DETAILS ON WORKING WITH AGENTS

FINDING GREAT INVESTMENT PROPERTIES ON THE INTERNET

HOW RESEARCH CAN HELP YOU DOMINATE AN EMERGING MARKET

HOW TO FIND A HIGH-QUALITY MANAGEMENT COMPANY

THE ALL-IMPORTANT PATH OF PROGRESS

HOW TO DETERMINE WHERE AND WHEN TO BUY

HOW TO FIND THE MONEY YOU WILL NEED

IN THE NEXT CHAPTER

CHAPTER 5 - HOW TO JUMP-START YOUR WEALTH THROUGH SINGLE-FAMILY INVESTMENTS

STEP-BY-STEP TO YOUR FIRST PAYDAY

IN THE NEXT CHAPTER

CHAPTER 6 - MULTI-FAMILY INVESTING: YOU CAN MAKE MILLIONS, MY HANDS-OFF WAY

CASH FLOW IS KING

POSITIVE CASH FLOW IN ACTION

ECONOMIES OF SCALE

START INVESTING PART TIME

WHO PAYS FOR THE PROPERTY MANAGER?

HOW TO GET LOWER RISK AND LARGER RETURNS

TWO WAYS TO EXPLODE YOUR WEALTH WITH MULTI-FAMILY PROPERTIES

FINDING THE BEST USE OF YOUR PROFITS

HOW TO DO FEWER DEALS AND MAKE MORE MONEY

HOW TO CLOSE MORE DEALS WITH CREATIVE FINANCING

MULTI-FAMILY PROPERTIES HAVE ONE OTHER MAJOR ADVANTAGE

IN THE NEXT CHAPTER

CHAPTER 7 - HOW TO FIND DIAMONDS IN THE ROUGH

THE WEALTH-BUILDING POWER OF VALUE PLAYS

HOW TO FIND—AND PROFIT FROM—BURNED-OUT LANDLORDS

A SECRET HUNTING GROUND FOR FINDING BURNED-OUT LANDLORDS

VARIATION ON A THEME: THE LANDLORD WHO HAS JUST HAD ENOUGH

A CASE STUDY IN HOW TO DEAL SUCCESSFULLY WITH A BURNED-OUT LANDLORD

HOW TO AVOID MANAGEMENT NIGHTMARES

RED FLAGS IN DEALING WITH A PROPERTY MANAGEMENT COMPANY

HOW TO ACQUIRE 100 UNITS WITH YOUR FIRST DEAL

PROPERTIES THAT NEED REPAIR: POLISHING THOSE DIAMONDS

A REPOSITIONING SUCCESS STORY

SOLVING THE PROBLEM OF HIGH VACANCY... ONCE AND FOR ALL!

MORE ON HIGH-VACANCY PROPERTIES

HOW THE PROFIT MULTIPLIER WORKS

HOW TO GET A STEADY PAY RAISE

THE ART OF THE RENT INCREASE

THE ECONOMIC POWER OF FORCED APPRECIATION

IN THE NEXT CHAPTER

CHAPTER 8 - THE 10 BIGGEST MISTAKES INVESTORS MAKE IN EMERGING MARKETS, AND HOW ...

MISTAKE # 1: THINKING ANY INVESTMENT IS A GOOD INVESTMENT

MISTAKE # 2: INVESTING WHERE THERE’S NO REAL EMPLOYMENT BASE

MISTAKE # 3: BEING TOO LATE TO THE PARTY

MISTAKE # 4: NEGLECTING TO GO INTO EVERY UNIT

MISTAKE # 5: GETTING MIRED IN POLLUTION PROBLEMS

MISTAKE # 6: OVERPAYING FOR A PROPERTY

MISTAKE # 7: TYING UP ALL YOUR MONEY IN ONLY ONE MARKET

MISTAKE #8: IGNORING OVERBUILDING

MISTAKE #9: SELLING TOO LATE

MISTAKE # 10: PAYING TOO MUCH IN TAXES

IN THE NEXT CHAPTER

CHAPTER 9 - HOW TO FIND ALL THE MONEY YOU NEED TO DO YOUR DEALS

FOUR MYTHS THAT WILL KEEP YOU POOR (IF YOU BELIEVE THEM!)

FIVE REASONS WHY YOU’LL BE ON EASY STREET WHEN YOU HAVE ALL THE MONEY YOU NEED ...

THE MIRACLE OF LEVERAGE

THE FOUR-STEP SYSTEM FOR FINANCING ALL YOUR DEALS

IN THE NEXT CHAPTER

CHAPTER 10 - HOW TO “X-RAY” YOUR DEALS THE FAST AND EASY WAY, SO YOU’RE BUYING ...

A PROPERTIES: THE CREAM OF THE CROP

B PROPERTIES: STILL HIGH-END

C PROPERTIES: GOLD THAT LOOKS LIKE LEAD

HERE’S WHERE YOU CAN MAKE A FORTUNE

D PROPERTIES: EVERYTHING ELSE

HOW TO GRADE AREAS AS A, B, C, OR D

SIX EASY PIECES: THE SIX CALCULATIONS YOU CAN MAKE IN MINUTES TO RATE ANY PROPERTY

HOW TO PUT IT ALL TOGETHER, TO X-RAY A DEAL!

IN THE NEXT CHAPTER

CHAPTER 11 - HOW TO MAKE $10,000 OR MORE PER HOUR (I’M NOT KIDDING)

THE WRONG WAY TO DO DUE DILIGENCE

THE RIGHT WAY TO DO DUE DILIGENCE

THE DUE DILIGENCE PROCESS—AND HOW TO MASTER IT

LOOKING AT PROPERTY INCOME

LOOKING AT PROPERTY EXPENSES

WHAT TO LOOK FOR, IN THE PILE OF STUFF YOU’LL GET

THE CHECKLIST: YOUR BEST FRIEND

FINDING HIDDEN VALUE

FINDING HIDDEN GOLD IN EXPENSES

USING OTHERS AS YOUR EYES AND EARS

IN THE NEXT CHAPTER

CHAPTER 12 - HOW TO INSPECT BOTH THE PROPERTY AND THE INVESTMENT

THE PROPERTY INSPECTION

THE INVESTMENT INSPECTION

HOW GREAT AMENITIES ATTRACT TENANTS

DEFERRED MAINTENANCE

WHAT KIND OF TENANTS LIVE THERE?

MAKE FRIENDS WITH THE PEOPLE WHO WILL MAKE YOU RICH!

HAZARDS YOU MUST AVOID

IN THE NEXT CHAPTER

CHAPTER 13 - HOW TO RECRUIT YOUR DREAM TEAM

REMEMBER: YOU’RE THE CEO

WHO’S IN YOUR DREAM TEAM

1. BROKERS: FINDING ONES WHO WILL REALLY WORK FOR YOU!

2. YOUR ASSISTANT: NOT AN EXPENSE, BUT A PROFIT MULTIPLIER

3. BANKERS: HOW TO BORROW AS MUCH MONEY AS YOU WANT!

4. ATTORNEYS: WHEN AND HOW TO USE THEM

5. DEMOGRAPHERS: HOW THEY CAN PINPOINT EMERGING MARKETS!

6. PROPERTY INSPECTORS: HOW TO SEE THE INVISIBLE

7. CONTRACTORS: HOW TO GET GREAT WORK AT LOW PRICES

8. MANAGERS: YOUR LONG-DISTANCE EYES AND EARS

9. ACCOUNTANT: FINDING ONE WHO CAN SAVE YOU SERIOUS MONEY

10. 1031 SPECIALIST: GET ONE, AND DEFER YOUR TAXES AS LONG AS YOU WANT!

11. MENTORS: A PAT ON THE HEAD, A KICK IN THE PANTS

IN THE NEXT CHAPTER

CHAPTER 14 - HOW TO SCOUT, BUY, AND PROFIT FROM PROPERTIES—LONG DISTANCE

DON’T MAKE THESE NINE MISTAKES

IN THE NEXT CHAPTER

CHAPTER 15 - KNOW YOUR EXIT STRATEGY, BEFORE YOU GET INTO A PROPERTY

FLIPPING PROPERTIES The Wrong Way to Do It

BUY AND HOLD: IS THIS STRATEGY RIGHT FOR YOU?

ANOTHER BUY-AND-HOLD BENEFIT

1031 EXCHANGES: HOW TO MASTER THEM

PROFIT BY THE RULES

IN THE NEXT CHAPTER

CHAPTER 16 - YOUR NEXT STEPS TO A FORTUNE IN REAL ESTATE

APPROACH # 1

APPROACH #2

INDEX

Copyright © 2008 by John Wiley & Sons, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Lindahl, David.

Emerging real estate markets: how to find and profit from up and coming neighborhoods/David Lindahl. p. cm.

“Published simultaneously in Canada.”

ISBN 978-0-470-17466-1 (cloth)

1. Real estate investment. I. Title.

HD1382.5.L55 2008

332.33’24—dc22

2007016851

To my parents, Barbara and Carl Lindahl, for sharing yourendless wisdom, support, and encouragementfor all the years of my life.

ACKNOWLEDGMENTS

I’d like to acknowledge Dr. Donald Moine for giving me the idea and the initial encouragement to undertake this project, and Jonathan Rozek for the dedication and tireless work ethic that it took to get all of my ideas and knowledge on paper.

I’d also like to acknowledge my brothers Jeff and Danny, my sister Tammy, and Robert Campbell, for diligently working behind the scenes in all the ventures that I have undertaken, helping to make them so successful.

Thank you to Justin Mezaros for being the perfectionist that you are; you make everyone involved and associated with The Lindahl Group live up to the Gold Standard on a daily basis.

To my aunt Edna Little for going the extra mile and being there for me at special times.

To Joan Lindahl, Jeannie Orlowski, Chris Bowser, Debbie Marino, Jennifer Crawford, Beth King, Patricia McKenna, Jill Emond, Amanda Elwood, Barry Weaver, Sandy Kwong, Doug Curley, Jackie White, and Bob Morrissey, whose dedication and day-to-day activities allow me to go off and do what I do best.

Finally, I am deeply grateful to all of the RE Mentor seminar attendees, support staff, and joint venture partners. Without you, there would be no life-changing seminars.

CHAPTER 1

REAL ESTATE EMERGING MARKETS: YOUR TICKET TO GREAT WEALTH

Two roads diverged in a wood, and I—I took the one less traveled by, And that has made all the difference.

—Robert Frost

This is the first book written about emerging real estate markets and how you can profit from them.

You’re probably thumbing over this book in the store, or maybe online. You’re wondering if it’s just another thick text that’s difficult to read and even harder to apply to real life. This book is different. Consider it a coaching session between you and me.

You see, I’m not out to have this book sit on dusty shelves somewhere. I built my company, The Lindahl Group, into a $140 million real estate empire very quickly because I took action on some basic principles. I developed them into an investing strategy that I want to share with you now.

This is not one of those get rich slowly books that’s recently become trendy. Sorry. When I started investing in real estate, I was a struggling landscaper, living in a three-room apartment. At one point I was down to my last 800 bucks—I had to borrow money for my first down payment. Within 3 1/2 years my investments had made me wealthy. From my own personal experience—and now the experiences of hundreds of my students—I know that real estate can make you rich in a very short time. But the is investing at the right time in an emerging market!