Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits

by David Lindahl

Multi-Family Millions offers expert advice for investors who want to make the transition from single-family homes to more profitable multi-family units. Successful real estate investor David Lindahl shows you how to find troubled properties that are ripe for quick profits, how to fix or flip those properties, and how to re-sell at maximum value. With a proven step-by-step system for managing each stage of the process, this book shows you how to get started in moneymaking multi-family units?even while you work your day job.

Genres: Business, Finance, Audiobook, Entrepreneurship, Nonfiction

272 pages, Hardcover

First published January 1, 2008

Reviews

[Douglas · Rating 5 out of 5]

The best book on multifamily real estate investing that I have read so far. Lindahl is great at breaking things down into simple concepts and going straight to the chase.

I would highly recommend that people read this book.

One thing that Lindahl did leave out is that apartments is the safest product type in commercial real estate for the simple fact that people will always need a roof over their head and they will forego payments on just about everything else and rent is the absolute last thing they forgo payment on.

[Taylor Pearson · Rating 3 out of 5]

Kind of cheesy and definitely too hype-y for my tastes but does do a good job of covering all the basics of real estate investing and has a particularly good section on understanding the numbers that is generally lacking from hype-y books.

If you are interested in learning about RE and don’t have much experience then feel like this book along with a couple others would get you up to speed on the basics. I liked John T. Reed’s Best Practices for the Intelligent Real Estate Investor paired with this one as it is decidedly less hype-y.

[Adrienna · Rating 3 out of 5]

This book was quite resourceful and liked his sense of humor at times, and wealth of information. This is a detailed book on property investing, rentals, and seems like the author was going after major apt buildings that held over 100 units, when some of us, are starting out small with up to 4 units. Therefore, the expenses may be great but the return is better; now I see why he was speaking on a millionaire level and big profits instead of those who are starting out.

David Lindahl did cover on the main topics I wanted to know, and was already informed. It was a helpful tool, but rarely spoke on those starting small. Typically, anything over 4 units is commercial property, and hope to read similar material.


Disclaimer: I borrowed an electronic copy from the library for research purposes and to give an honest review.

[Anusha Datar · Rating 3 out of 5]

This book is part how-to guide, part memoir/story collection, and part promotion for other educational materials/specific real estate investing methods. Lindahl is clear in his descriptions and instructions about how one can make huge profits in apartments, and he provides insight into how to establish the right relationships, financial structures, and workflows to simplify the path to wealth through real estate. This book is clear, straightforward, and interesting even if I am not necessarily feeling inspired to raise outside funding to buy and reposition apartments at this exact moment.

I read this for a company book club, and may have been a little more liberal in skipping sections if this was something I was just reading for myself. A lot of this book is quite repetitive and uses a lot of the smug/hype-centric language this genre is famous for. It also felt harder to evaluate this book in the current economic environment (it feels a little dated), though it seems like Lindahl’s first book covers more of that kind of information.

[Public Speaker · Rating 4 out of 5]

After reading this you won’t feel as intimidated

Commercial real estate is a 400 pound gorilla. It is very eye opening to find out that you probably already had enough money to get a multi-family unit at some point in your life. Chances are you will have the money again. This book is a great starting point but not the final destination.

Essentially what you are dealing with are $10-$20 introduction books (by various gurus) which steer you to $500 courses. In the courses you get redirected to $6000-$10,000 mentorships.

I definitely got value out of the book and I plan on getting emerging real estate markets but the level of specificity some of us are looking for would only be in the courses.

[William Ng · Rating 4 out of 5]

The author uses his extensive background in multi-family housing units to clearly and poignantly articulate how to start, plan, and succeed in real estate investing where many others failed.

I was particularly impressed with the comprehensive list of things to watch out for that burnout amateur real estate investors.

Finally, the book was short enough to be a quick read but thorough enough that it provides the reader with plenty of information to get started right away. Highly recommend for those looking into multi-family unit real estate investing.

[tomasz maslinski · Rating 5 out of 5]

This one of very few books I actually read start to finish.

This one of very books I actually read start to finish. I have been around real estate for most of my adult life and made plenty of mistakes myself. From my experience and acquired knowledge, David’s system is what you need to go to the next level.

[Luke Lawrence · Rating 3 out of 5]

A nice step by step, great overview, but some of the information does feel a little dated as RE markets change over time. Had I read this a couple years ago, it might have got 4 stars, but was a little bored reading things I felt were obvious to me now. Still recommended to those interested in MF investment.

[Bryan Atkinson · Rating 4 out of 5]

Excellent advice and content, heavy on "don't be a landlord" and, as the title relays, flipping apartments over the course of several months or a few years rather than holding them forever. The author is arrogant in his writing like most real estate investment authors I've read, which gets old.

[Susan · Rating 5 out of 5]

This guy is AWESOME

Just when you think the other real estate multi family apartment books you've read covered it all. You read Lindahl's book and smack yourself in the forehead because he teaches you a real world to reposition a property. Thanks David.

[Daniel J · Rating 5 out of 5]

Excellent intro to multifamily investing

Boom provided great insight into how to get started investing in multifamily real estate. Tons of actionable advice to get you started investing

[LaQuana McNeil · Rating 5 out of 5]

Great read for newbie investors

I recommend this book to anyone trying to break into investing in multi family units. David breaks down important information that will help you navigate the process and avoid common mistakes.

[Brian · Rating 5 out of 5]

Lindahl provided great experiences and considerations for real estate property management and the role of the investor vs the manager. I recommend this book for any self learner interested in real estate investing.

[vee · Rating 4 out of 5]

Many nice tips but an odd mix between marketing his own materials, useful war stories and theory. Not a bad place to start. Tells you what to do, though not how to do it, in most cases. Many useful tidbits. Worthwhile.

[Arie van Gemeren · Rating 5 out of 5]

Great read

Super informative and great “style” points for the writings feel. I have read a lot of RE books and this one was awesome.

[Vaibhav Puranik · Rating 5 out of 5]

The best book on buying Multifamily I have read so far, especially commercial multifamily. Lot of very practical advice. I will probably need to read it again and take notes.

[Orson Welles · Rating 3 out of 5]

It was OK.

[Nathan Vontz · Rating 4 out of 5]

Helpful information and a good starting point for real-estate.

[Levi Rudolph · Rating 4 out of 5]

Actually Not Bad, hab paar Sachen gelernt, aber auf jeden Fall etwas älter schon. Trotzdem gute Insights, kann man manchen würd ich sagen

[Doug Taber · Rating 3 out of 5]

I chose this book not by title, but because it received such high reviews for a book in this particual micro niche of the real estate industry. This book had some solid fundamentals and great examples and stories of how to be successful in the multi-family investment arena. Unfortunately, there were a lot get rich quick type of statements that in my mind detracted from the validity of the content. I felt as if I was being sold.

[Kay's Pallet · Rating 3 out of 5]

I was overwhelmed by the amount of information in this book. As a complete newbie, I felt lost. I think this is great for someone who already knows a little about the field. A little misleading to help someone with no knowledge at all. Kind of pushes you to go to his website or see him live, which I'm sure would be really helpful. It's hard to know the quality of the info given, but there sure is a lot of it.

[Carole · Rating 5 out of 5]

I thought it was great! It was well written and I learned a LOT! I have read over 40 books on real estate investing, and I haven't taken so many notes in a long time. He has a very realistic plan, very workable, and explains it well, with cautions. If you are serious about real estate investing, I recommend it highly.

[John · Rating 4 out of 5]

David has a very fun, conversational writing style. The amount of information covered in the book as well as the way in which it is all approached is absolutely great for a newbie like myself. I'd read all of one REI book before this one and feel like this blew it out of the water. Highly recommended for anyone wanting to get into the game.

[Brandon Stapper · Rating 5 out of 5]

Great book for someone getting into real estate. I really learned to think of real estate more as a business than a property. Buy a property, increase the cashflow, sell for a higher multiple. Great book, easy read with lots of facts from experience not just theory.

[Chase Packer · Rating 5 out of 5]

When I first started at Marcus & Millichap as an aspiring multifamily commercial real estate agent this is what I read. This book got me up to par in understanding basic multifamily strategy and lingo.

[Tj N · Rating 3 out of 5]

It’s a solid book & worthy of 4stars, but the website noted in the book for resources is no longer accessible. They’ve changed it to a clickfunnel & you don’t have a search bar for looking up information & the guides promised in the book.

[Roc Pilon · Rating 5 out of 5]

Interesting perspective on buying multi family homes. Ready to close on this first one and apply the knowledge for another. Lets gooo!