Investor Creates $11,472 A Month Passive Income with No Money Down!
|What would it be like to have an extra $11,472 a month coming into your life each month. Imagine what you could do with that extra money!|
You could buy a bigger house, travel, and/or give more to your church or a struggling loved one.
An investor I know is doing just that because he closed on a deal where he is now pocketing $11,472 in positive cash flow each and every month for the rest of his life (actually it will get higher and higher) or for as long as he holds on to the property.
He did this by taking over an apartment complex using a Master Lease Option. Does that mean he has to deal with a lot of tenant hassles? Absolutely not! He pays a management company to do that. The only thing he has to manage is the manager. It sure is easier managing one manager than a bunch of unruly tenants wouldn't you say?
This investor found this deal in the local classified section of his newspaper. The owner had the apartment complex advertised for a quick sale because he was burnt out (he was managing it himself), had poor cash flow (it was 62% occupied) and he wanted out.
The investor, being a true investor was looking to get into the property with no money down and structured the deal the same way you would structure a lease option for a single family.
He signed a Master Lease for the entire complex and agreed to pay the owner a certain figure each month. He took over all of the income and expenses on the property and anything above what his expenses are and the lease amount is his to pocket.
He also signed an Option To Purchase the property. Anytime with in the next five years, this investor has the right to buy the property for the stated amount in the option.
When the investor took over the property, it was cash flowing but not by much due to the high vacancy. Using a very good management company and a having them spruce up the outside, he was able to get it at 90% occupancy in eight months time!
Now remember, every month he owned the complex he had positive cash flow. As the management company put more and more tenants into the building his cash flow grew bigger and bigger, to the point where it is now over $11,000 per month.
A lot of investors don't realize that you can buy apartment buildings the same way you buy single family houses. You can do "subject to", lease option, wholesale, and pre-foreclosure just as easily and the best part is…the paydays are much, much bigger!
|David Lindahl has rehabbed over 820 houses in just under 10 years and currently owns over 7,400 apartment units. Starting out as a struggling landscaper with no experience in construction.|
Within 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.
Dave Lindahl, author of 2 #1 bestselling books, Emerging Real Estate Markets, and Multi-Family Millions. His third book is through Donald Trump's organization, and is called Commercial Real Estate Investing 101: How Small Investors Can Get Started and Make It Big.
Among other publications David has been featured in Reader's Digest, Creative Real Estate Lifestyles, AOL and Kiplinger Magazine.
Dave Lindahl, with no Real Estate experience, created systems that allowed him to create enough monthly positive cash flow to retire within 3.5 years.
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