Losing Money on a 400 Unit Reposition - David Lindahl

Multifamily Missteps Hosted by Jerome Myers

Reassuring ourselves of a good deal is not as simple as determining the potential future value appraisal. It comes with consideration of varying aspects and the market cycle is one of them. David Lindahl discusses the importance of recognizing the patterns of the market and using such observations to elevate our decision-making process in property acquisition. Just as how the flow of trends goes, there exists a method to effectively evaluate deals further.

[00:01 - 05:24] Opening Segment

• I welcome today’s guest, David Lindahl
• How he moved from small to big property acquisitions in the emerging markets

[05:25 - 11:50] Understanding the Full Cycles of the Market

• The ultimate advantage of grasping the market transitions
• Where people go wrong in assessing the market cycle
• David shares his experience as an author and the pursuit of making his parents proud

[11:51 - 29:24] Revamping Deal Selections and Finding Partners

• David shares his first deals and finding his first investor
• The heavy influence of market cycles in household formation
• The dangers of disorderly inventory and lack of risk assessment

[29:25 - 35:14] Closing Segment

• Have the right mindset and overcoming your limiting beliefs
• Final words

Tweetable Quotes:

“Now, if you understand the full cycle of the markets, the four phases, the transitions, and what strategies to be using during each phase, which is explained in the book, then you can sit in your own backyard and make money in each particular phase with the right strategies. The key is recognizing the transitions. That's where people usually go wrong.” - David Lindahl

“This first deal is gonna be the hardest, you know, but if you get through the obstacles and get through your limiting beliefs and get it done, oh, it's like the sky opens up, the sun shines down, you love life gets better, and your face clears up. It's just a beautiful thing.” - David Lindahl

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