How Anyone Can Reposition Apartments for Big Profits
by David Lindahl · Published by Wiley (2008)
I wrote this book because I kept getting the same question: How do you actually do this?
Not the textbook version. The real version — how you find a deal, how you analyze it, how you buy an apartment building without a trust fund or a perfect credit score, and how you reposition it for real profits. I'd been doing this for years, and I wanted to write down exactly how it worked so anyone could follow it.
Multi-Family Millions is the result. It's based on my experience going from a broke landscaper in Brockton, Massachusetts to controlling over $240 million in real estate across 550+ deals and 27 markets. Every strategy in this book is something I've actually used.
Whether you're looking at your first duplex or eyeing a 200-unit complex, the fundamentals are the same: find a deal in the right market, know your numbers, finance it correctly, reposition it, and build wealth. This book walks you through every step.
This isn't theory. It's the playbook.
Most people buy at the top of the market because they follow the crowd. I'll show you how to identify where a market is in its cycle and time your entry for maximum upside.
The best deals aren't in your backyard. I'll show you my research process for identifying markets that are about to take off — before everyone else finds them.
NOI, cap rates, cash-on-cash returns, debt service coverage — I'll make this math simple. You'll be able to evaluate any deal in 15 minutes.
Banks aren't the only source of capital. I've funded deals using private money, seller financing, and creative structures — often with little or nothing down.
This is where the real money is. Buy undervalued, force appreciation through renovations and rent optimization, then refinance or sell. I'll show you the exact process.
You don't need your own money to do big deals. I'm an introvert who raised millions from investors — because I learned that trust-building is just telling the truth consistently over time.
Early on I hustled like crazy and burned out. Then I built systems — acquisition, management, investor relations — and everything got bigger and easier. I'll show you how.
"The best book on multifamily real estate investing I've read. Lindahl is great at breaking things down into simple concepts and going straight to the chase."
— Goodreads reader (4.17/5 average across 390+ ratings)
"He's not only a highly successful investor, but he has a knack for clarity in explaining commercial real estate investing."
— Real estate industry review
"This book changed how I think about real estate. The emerging markets concept alone has been worth tens of thousands of dollars."
— RE Mentor student
Rated 4.17 out of 5 on Goodreads with 390+ ratings
View on Goodreads →I started in 1996. I was cutting grass for a living — a landscaper from Brockton, Massachusetts, trying to figure out a different path. I bought my first investment property that same year with no money down, no experience, and no real plan beyond "this seems smarter than mowing lawns."
Over the next decade, I bought 40 more properties, then hundreds more. Eventually I'd been involved in 550+ deals controlling more than $240 million in real estate across 27 markets. Donald Trump personally selected me to write Trump University Commercial Real Estate 101. I built RE Mentor into the #1 multifamily education company in the country.
I've shared stages with Robert Kiyosaki, Tony Robbins, Kevin O'Leary, and Barbara Corcoran. I've been featured in Reader's Digest, Kiplinger Magazine, and AOL Real Estate. I'm also an Iron Man triathlete, which probably tells you something about how I approach hard things.
More About David →Available in paperback, hardcover, Kindle, and audiobook.
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