Investor Creates $11,472 A Month Passive Income with No Money Down!
by David Lindahl
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!
Bio:
Starting out as a struggling landscaper with no experience in construction,
David Lindahl has earned well over a million dollars renovating more than 470
houses for resale. He also owns over 38 apartment buildings with over 628 units
with a monthly cash flow equaling what many people make in a year! And Dave
Lindahl accomplished all this within an eight year period starting from scratch.