“Chunking” Can Make You Wealthy Real Estate Investor by David Lindahl

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Real estate investing can make you wealthy in short period of time if you implement a well planned strategy. David Lindahl one of the most popular and successful real estate investor has given tips on how Chunking can make you wealthy. There few unreal and unproved David Lindahl Scam were written to hinder his progress, but still he is one of the best in the business.

Multi-family residential property

Buy Multi-family residential property and hold them long term, it will yield you a better profit. One can also rent the property; this creates a reliable passive monthly income and lets your tenants pay off your mortgage.

Get Down payment

Ask your “chunkers” to give the down payments so that you can buy more multi-families. But your minimum profit per deal should be $20,000. With this $20,000, you can look for a multi-family property that is in need of repairs, is mismanaged, or one where the rents are low so that I have some built-in equity.

Become a landlord

You can get some great deals from people who have entered the landlord game without educating themselves on how to play properly. They tend to burn out fast, and you do them a great service by taking over their property!

Being a landlord isn’t hard, but you must educate yourself. You can get books and tapes, join a property owners association, and even attend classes at the Institute of Real Estate Management, which holds classes throughout the country at different times of the year. However you attain your knowledge is up to you, but you must attain it or you will join the many other former burnt out landlords who sold their gold mine properties to shrewd investors like me, someone who takes the time to continually educate himself.

Manage your Tenants

The one thing you must learn is how to control your tenants so that your tenants are not controlling you. This is the number one reason that landlords lose money.

Become an expert by widening your network of real estate properties.

Purchase a property, fix whatever problems that it may have and raise the rents accordingly. Re-invest the earned money and buy more property. Set a goal and work toward it.

Sure, this method may take you a little longer to be able to quit your job, because you will be reinvesting your profits. But if you work a little harder in the beginning, you will become much wealthier in the end. Basically, what we do is attract and seek out motivated sellers of single-family houses and multi-family buildings. We use the single-family rehabs to give us a “chunk” of money so that we can invest in multi-family housing. We use the multi-family properties to give us passive monthly income and create greater wealth through equity creation (tenants paying our mortgages).