World Famous Comics: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas
Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas
By: David Lindahl Publisher: Wiley Average Rating: Binding: Hardcover Label: Wiley Number of Items: 1 Number of Pages: 240 Publication Date: October 26, 2007
"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 investor--beginner or veteran." --Justin Ford, author of Seeds of Wealth and Main Street Millionaire
A Must Buy For Anyone Serious About Getting Really Rich In The Current Real Estate Phase!! My god...I read entirely too much!! Now, I'm not going to lie to you and say that Dave doesn't plug his bootcamps and stuff however, I can honestly say he is the real deal. The dude knows his stuff!! I think the title, "Understanding Real Estate Market Cycles and How To Profit From Them", would have been a little better though.(but what do I know) Nonetheless, it's a great book and a good introduction to Dave and his methodology. Can you read his book and then go out there and do it? It depends truthfully. Are you the type of person that needs someone to hold their hand and walk them around the block to show them the scary spots....or are you the type that can realisticlly pull themselves up by their own bootstraps and is willing to stumble a little? Personally, I'm an active real estate investor in both SFR and multi-family units (duplex, tri, quads) and I still go to seminars and learn the ropes before venturing too far out. Hey...in a nutshell...BUY THE BOOK READ IT DO IT!! Geez, it's only $20 bucks.
David Lindahl stole his ideas from Marc Garrison the author of "Unlimited Real Estate Profit" Several years ago David Lindahl was a eager young student of Marc Garrison the author of "Unlimited Real Estate Profit". David even appears on Marc's 21 DVD course. What David has done with his new book is to rip off Marc's work on emerging absorption markets. You should go to Marc's website narei.com to find out more. I would encourage you to read his website selection "The Fifth Migration" and "The Garrison Cycle". Marc started investing in 1978. His profit from his real estate paid for 2 undergraduate degrees, an MBA, then he started work on a Ph.D. in real estate economics. That academic study led him to an understanding of which markets to invest in, which ones to hold in, and which ones to sell in.
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.
Emerging RE Markets Review This book is the BEST I have read in a very long time regarding market timing entrance and exit based on US geography. Dave is an "expert" investor that speaks with authority on the subject. As I read along I realized all the mistakes I have made over the years. If I only had this book 5 years ago! Great job Dave!
Awesome! Awesome! Wish I had read and applied this book 2 years ago...before the market started its crash. As the owner (once proud) of 45 homes...some appreciated 100% in 2 years -- but due to market cycles -- now I am wishing I had a crystal ball. Well Dave gives you the understanding to have your own crystal ball!
A Word of Caution! Being a full time investor myself - I am always reading other people's books to see if they have an angle to make a project more profitable or an idea that I have not used myself yet.
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.
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