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Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas Hardcover – Oct 26 2007
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From the Inside Flap
How a Dirt-Poor Landscaper Cracked the Code to Emerging Market Real Estate Investingand Built a Financial Empire
While many real estate markets have cooled off, there are major hot spots throughout the country that are booming due to population growth and urban expansion. These emerging markets are where the next wave of big-time real estate profits will be found. In Emerging Real Estate Markets, David Lindahl shows you how to find these markets, get started investing with little of your own cash, and maximize your profits.
The key lies in knowing how real estate markets cycle through ups and downs. If you know what to look for, you can tell when a market is about to heat up. Invest at the right time in the right place, and your profits will be dramatic. Does that sound too good to be true? It's not. The tactics you'll read here helped Lindahl, a landscaper when he started investing in real estate, to build a real estate empire!
Even if your market isn't currently heating up, Lindahl will show you long-distance "hands-off" strategies for finding and investing in other markets that are. He also provides practical strategies for investing in markets in any stage of the cycle so you can invest no matter where you are or where your market is.
Inside, you'll discover how to:
- Recognize the characteristics of emerging markets
- Tell the difference between gold mines and land mines
- Close your first dealeven if you don't have much money
- Determine where and when to buy
- Maintain positive cash flow
- Find diamonds in the rough
- Avoid the biggest mistakes investors make in emerging markets
- Finance all your deals with a simple four-step system
- Accurately rate the investment potential of any property
- Build a team of professionals to help you succeed
Real estate investing is not a guessing game. If you know what signs to look for, you can accurately predict the next hot markets. Plus, with the smart investing tactics Lindahl shares, you'll be able to invest with confidence, intelligence, and success.
From the Back Cover
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 investorbeginner or veteran."
Justin Ford, author of Seeds of Wealth and Main Street Millionaire
Top Customer Reviews
It's a great read for anybody that is interested in learning the basics of multi-unit investing. He covers off valuing properties, understanding the markets, reducing costs and raising rents. He also covers off some mistakes to avoid - wish I would have read this book 8 years ago!
The only thing that makes me hold back from giving it a five star rating is that I often found him to be a bit cocky and condescending - especially towards burned out landlords (which is one of the big sources of good deals...people who've been badly managing their properties and are desperate to dump them). Maybe I am just super sensitive because my husband and I were burned out landlords when we first began investing? I relate to this statement he makes on p.91...and not because of properties I've purchased from burned out landlords...but from being one! "Keep in mind that while you're making good money, you're also doing the burned-out landlord a favor by taking the headache property off his or her hands. Some of these stressed-out landlords are compromising their physical and mental health by holding on to properties they cannot manage".
Either way - this book is jam packed with great lessons. It's a resource that I will be keeping in my library, so you won't find my copy at my local used bookstore.
Most Helpful Customer Reviews on Amazon.com (beta)
More accurate title: Decent book on investing in multi-unit apartments and lots of plugs for my website and products.
In David Lindahl's book - I found that it had some good fundamental advice of what types of markets to invest in as well as leveraging other people's time so that you can focus on your own highest and most productive use of your own personal time. Being involved in many multi-unit investments myself - Dave did acknowledge and cover some of the largest pitfalls that one can get into with these large buildings.
However, I did find it a bit discouraging that someone with so much experience is suggesting that complete novices purchase large multi-unit buildings to start with - especially since they have no experience with the fundamentals of investment real estate in the first place. Of which, Dave developed with his single family properties and then moved into larger units which gave him the knowledge based on previous experience.
From Dave's perspective I can see how someone with his experience (starting with single family homes)- could view this today as easy and that even a beginer could do it.
I honestly don't believe that most people - especially beginners, should buy such large complexes to start with. As profitable as they are for experienced investors, one needs to understand the basic fundamentals first. This sounds like the 'get rich quick' type of marketing to beginners that gets people into trouble very quickly.
This book is best suited to someone who has previous experience and is looking to get into larger deals - not beginners. Even for the experienced investor - this book only covers the basics of multi-family investing and it not a technical book. It is more of a promotion for Dave's courses, which may be worth the investment for someone who already owns investment real estate and wants to get into bigger projects.
In the process of reading review after review for many real estate investment books, I stumbled upon this one. I read the reviews and bought it kind of impulsively, because it seemed like a good choice for her.
As I got into the book, I found that it was exactly the right book for her, and I found myself impressed and surprised at the quality of the advice included in this book. Although this book was written for real estate investors, I found the information to be really right on the money and I felt that it would translate nicely for someone who wants to buy a single family house.
Typically, investment books exaggerate either the upside or the downside or both. Emerging Real Estate Markets seems pretty real world to me, revealing realistic challenges and rewards for the serious real estate investor.
For me, the most valuable part of this book are the sections that specifically address finding potentially profitable real estate markets BEFORE they become obvious. Very very insightful and helpful.
This is a great book for anyone working in real estate, anyone wanting to buy a house, or anyone who is currently actively investing in real estate.
I met Marc on one of his BuyingTours. Talk about fantastic. For the past 22 years Marc has knocked home run after home run in 18 new absorption markets. In July of 08 he will open up his 19th emerging absorption market. If you want to be sold / telemarketed contact David Lindahl.
I far prefer Garrison's style - when you call you can talk with Marc if he is not busy. But, if he is busy he will personally call you back as soon as he can. I have studied under 7 or 8 Gurus to date. Marc is the only one that I have ever been able to personally talk with. Marc is a breath of fresh air in the sweat shop hard core telemarketed snake oil sales routine.
With respect to emerging markets, the author doesn't talk about specific up-and-coming markets (e.g. Florida markets, etc.), but he does tell the reader how to identify markets which he refers to as:
- Buyer's Market Phase I
- Buyer's Market Phase II
- Seller's Market Phase I
- Seller's Market Phase II
Most of the rest of the book is about how to do a deal, where to find money, how to inspect the property, etc.
This author clearly knows his stuff and his writing style is good. If you're looking to invest in multi-unit apartment buildings, and you're looking for advice on everything from finding a deal to closing a deal, then this would be a good book to read!
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