VIEWS: 7 PAGES: 4 CATEGORY: Residential POSTED ON: 3/14/2012
David Lindahl Describes how chunking can make you a wealthy real estate investor. Its uses and steps to succeed in this field.
How “Chunking” Can Make You Wealthy in RE Investing by David Lindahl Real estate investing can make you wealthy in short period of time if you implement a well planned strategy. David Lindahl one of the most popular and successful real estate investor has given tips on how Chunking can make you wealthy. There few unreal and unproved David Lindahl Scam were written to hinder his progress, but still he is one of the best in the business. 1) Multi-family residential property Buy Multi-family residential property and hold them for longer term. It helps you to get quick and profitable income on a regular basis. One can also choose to rent their properties; renting option creates a reliable passive monthly income and allows your tenants to help you pay off your mortgages. 2) Get Down payment Ask your “chunkers” to give the down payments so that you can buy more multi- family residential properties. But your minimum profit per deal should be at least $20,000. With this $20,000, you can look for a multi-family property that is in need of repairs, is mismanaged, or one where the rents are low so that you can generate considerable built-in equity. 3) Become a landlord You can get some great deals from people who have entered the landlord game without educating themselves on how to play properly. They tend to burn out fast, and you do them a great service by taking over their property! Being a landlord isn’t hard, but you must educate yourself. You can get books and tapes, join a property owners association, and even attend classes at the Institute of Real Estate Management, which holds classes throughout the country at different times of the year. However gathering this imperative knowledge is up to you, but you must attain it no matter what or you will join the club of many other former burnt out landlords who sold their gold mine properties to shrewd investors like David Lindhal, who are people who takes time to continually educate themselves about the changing markets. 4) Manage your Tenants The one thing you must learn is how to control your tenants so that your tenants are not controlling you. This is the primary reason for landlords losing money from their investments. Property management is a very important factor for realizing your real estate plans. It is not just about initial investment; it is also about maintaining your properties sufficiently so that you can make the most out of your investments. If you lack the expertise, do make use of professional real estate firms which also provide property efficient management services. 5) Become an expert by widening your network of real estate properties. Purchase a property, fix whatever problems that it may have and raise the rents accordingly. Re-invest the earned money and buy more properties. Set a goal and work toward it efficiently. Sure, this method may take you a little longer to be able to quit your job, because you will be reinvesting your profits. But if you work a little harder and smarter in the beginning, you can expect substantial returns. Basically, what we do is attract and seek out motivated sellers of single-family houses and multi-family buildings. We use the single-family rehabs to give us a “chunk” of money so that we can invest in multi-family housing. We use the multi-family properties to give us passive monthly income and create greater wealth through equity creation (tenants paying our mortgages). Resource: Dave Lindahl Scam
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