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David Lindahl

Biography

David Lindahl has rehabbed over 560 properties in the last ten years, and owns over 1,100 apartment units. Starting out as a struggling landscaper with no experience in construction, Dave accepted an opportunity to renovate a foreclosed house for a local bank during the winter, when there was no possibility for landscaping in Boston. His original goal was only to earn enough for his family to eat.

After completing the restoration on the first house, he did another and after overcoming his preliminary fears, Dave began to buy and hold small apartment buildings for himself. Dave was initially afraid of speaking with sellers and of negotiating deals. He was concerned about procuring the financing he needed. He was a real estate novice being told that investing in real estate was a "scam" and he was destined to lose his shirt.

One day Dave saw Harry Helmsley speak in New York. He told the story of how he started out with nothing and eventually purchased the Empire State Building. Helmsley had made all of his money through apartments; he said that he loved the idea of other people paying his mortgage through rent and that sounded good to Dave.

Dave intensively researched and identified four phases of the Real Estate Market Cycle, and the strategies necessary to use in each stage for maximum profit. At any given time there are 10"20 markets around the United States that reveal themselves in Dave's system as "Emerging". Dave learned how to find these markets using universally available data. He then created a system on how to buy in these markets and he rapidly became even wealthier, much faster.

Within the first 14 months, Dave's apartment buildings created a positive cash flow of over $10,000 monthly for him and his family. Within three and a half years, Dave had reached multi-millionaire status.

One secret of Dave's quick climb from being broke to millionaire status is his combination of special techniques for investing in apartments. He discovered a way to make big payoffs in apartments wothout having the headaches of dealing with tenants.

Dave uses the techniques he teaches. He did not have help when he started, he was almost penniless in a town where the cost of living had skyrocketed. So the principles he discusses in his materials are prepared for individuals in the same predicament: overworked, no spare time, no capital, terrible credit and no real estate experience. To make Dave's dream your reality all you require is an open mind and a good attitude.

A simple piece of advice from Dave is that most people look for the difficult, complex way. People believe that they will find the best results with the most intricate scheme. But Dave says the best way to start in Real Estate is to surround yourself with people that are succeeding at what you want to do. Start out slowly and modestly, begin with a goal to work towards. The most astounding monuments were built one brick at a time and Dave believes that everyone can have a real estate fortune.

Publications

  • Dave Lindahl's Practical Guide to Making Apartment-Sized Profits While Dealing With No Tenants
  • The 23 Biggest Mistakes Real Estate Investors Make, And How to Avoid Them
  • 27 Ways to Buy Real Estate With No Money Down

External Links

Discussion Forum

Robert Kim
Top notch. Dave's the real deal and he goes above and beyond to help you. His boot camps and products are very high quality. Highly recommended.

Private
I wasted over year's worth of time, labor and expenses trying to partner with his company on deals and it was a total rip off. They gave me 16 months worth of runaround.

Carl Reardon
Dave Lindahl is a fraud. His bootcamp is spent trying to sell you oher products and bootcamps and his information is preschoolish in nature. Some of the advice he gives is just plain wrong! I am a commercial real estate agent who took his course to see what he was teaching as one of my clients wasled astray by his teachings... RUN!

DWAYNE
Iordered his course and it was horrible. The live classroom was full of morons who must have been paid dummies or just plain stupid in the things he taught.

Karen
I did attend one of his boot camps. I agree there were a lot of people that you know will never buy anything. I on the other hand have bought a 165 unit apt. I signed up for the coaching program which gave me the confidence I was not overlooking some important details and I had someone to ask the "stupid" questions. The whole package was very expensive, but if you really intend on buying an apartment, it was worth the price and we made up for it on our first deal.

Karen M
(Nice to see another Karen!) I've gone through some of his materials, particularly those about apartment buildings, and it's dead on. It's clear he has done exactly what he says he has, and as an owner of a single 12 unit apartment building, I'm learning from his mistakes. I'm looking to grow my business significantly with a business plan that is pretty similar to his, interestingly enough, since I had not even heard of him until recently, after doing this for a year. But there is so much for me to learn, I really need someone like him who has already blazed that path to help speed things up. If you are hoping to move ahead in real estate investing, and particularly in you're thinking of purchasing apartment buildings, it's worth spending money here. Who cares what the rest of the yahoos are doing or not doing? I understand the frustration of listening to other idiots who love to hear their own voices asking questions at these boot camps. So what? The question is, are you learning and acting on the information? Focus on that. Lindahl has an apartment building course that I'm going to buy because it's answers many of the exact questions I now have, now that I have some more experience (I own a million dollars worth of real estate outright.). I wonder what kind of "deal" the "Private" poster was bringing. Was it a good deal or not? We don't have any evidence, either way. I'd rather have had his views on training, etc., the kinds of things that people pay for, and for which they want to judge the value.

Jason
What a joke! This was the most basic boot camp I've ever been to. If you've only bought single family and duplexes, you'll feel like this guy is an apartment god. But take it from someone who has limited experience in apartments, this guy doesn't tell you crap at his boot camp or in his home study course. Look at how many investors are losing their shorts in today's real estate market. Why? Because a guy like Dave only tells you part of the story. It's not as simple as buying a property at a 10% Cap. If it were, people wouldn't be losing their properties in cash flow markets. Do some research (there are better guys to learn from) before you waste your money. People are selling his stuff on ebay for $100. That should tell you something.

Nancy
I am a real estate investor in 1-4 family properties and am ready to buy Apartment Complexes. I am also a RE agent and find 99% of Commericial RE agents to be idiots who think they know everything-- they just want to sell the crap they are listing. Yes, I do have a great deal of knowledge and ability to buy Apartment complexes- some of the information I already knew. But, this is a Boot Camp, which always has the beginners. Of course you're going to have the people who do not have any expereince and ask simple stupid questions to the rest of us who are investors and understand RE investing concepts. Go to an advanced class to learn more than beginners. I just wanted to learn exactly how to do it from someone who has and Dave was great. I have been to MULTIPLE boot camps and trainings with various organizations and presenters. Other RE training courses and Boot camps charge a fortune to go and you learn nothing. Dave's course was priced extremely cheap for a 3-day informative training Boot Camp. Dave Lindahl is the best presenter and most informative on WHAT to do and not just an overview-- most courses just talk about something, not how to do it. If you have been to any RE seminars or any seminars at all, you will see that there is always selling of products and side speakers/sellers. He has these people talk after the regular training day ends. You can stay to listen or just leave. Dave doesn't tell you to buy a property with just a 10% CAP or whatever CAP rate or C-on-C or ROI. He tells you the things to evaluate beyond the numbers. The idiot who thought Dave was telling you to buy any property with a 10% CAP was not listening and isn't a wise investor, no matter what he owns. This is a good course and I respect Dave's teachings. However, if you come in as a hard head, "I know it all", then you won't learn a thing because you don't want to learn a thing. Coming with an open mind and learning to use your critical thinking skills (thus, taking what you learn and applying it to different RE situations)you will learn a great deal. I will take more courses from Dave.

Pat
Ask him why his 'company' creates new LLC's every 8 months with his apartment complexes to avoid paying bills. Look up Lindahl Management, LMW Assets and now it is called BIG Assets. (just look up on the state corporation website in Massachusetts and Texas, type in Lindahl) The companies owe a lot of back taxes and switch names to avoid payments and then shut down. The employees are told to tell collection agencies that it is a "new company" and therefore cannot collect on old balances, new tax id’s are received for the properties and then another 8 months of unpaid bills and the cycle goes on and on. I saw it for 2.5 years and 3 names later. The last go round, he now has a man named Justin Meszaros as the CEO of the company yet state corporation records state David Lindahl as CEO. Justin has fired more than half the staff at the property level to bring in cheaper, less experienced managers to run the properties. A class action law suit is about to be filed by the fired employees. I really wonder if David Lindahl really knows about this or is he just going around teaching his RE classes. If you talk the talk, walk the walk! How can you teach when you keep buying properties and leaving old ones to have unpaid bills and change company names like I change bra’s. Majority of the apartment complexes are roach and rat infested, some so bad they shut down entire buildings. How do you make money that way with closed buildings? It may be a good program but look at the results in the end. Anyone can say ‘I own xxx amount of apartments” yet they owe back taxes and skated out on bills with new company names. Is that what the program teaches?

steve
if what PAt is saying true, he should go to jail for fraud or tax evasion.

Rachel
Is this Justin Meszaros kid a fraud too?

Jerry B
Do you think Donald Trump would associate with someone who did all the things that Pat says he did? Trump wrote the forward to Dave's book on Commercial Real Estate 101. One of Dave's associates gave me a free pass to his boot camp a 3500.00 freebie when I explained my financial situation. I bought his course and a 1 year refund is guaranteed for any reason. And his 3500.00 boot camp is refundable for any reason after the 1st day and a half and he will give you 300.00 to pay for your airfare if you flew in. I never see that from any other guru's. Dave let's you try his stuff and if not satisfied you get your money back Maybe all these complaints are from people who didn't apply themselves.This is not a get rich qiuck scheme.It is WORK and you need to dedicate yourself. Maybe these people should look in the mirror.

Lindsey
No Justin Meszaros is not a fraud, and I agree with Jerry.

keith
meszaros is not managing his anymore...Hmmmm.

Amber
Pat is telling the truth about this guy. I live in one of his properties in Dallas, TX and we're having a ton of problems right now. It turns out that our buliding has liens against it from different contractors, and they have changed the "name" of their management group since they purchased our building last year. This man is a slumlord. Our building had a fire and they're not making the major repairs. Look up "The Indigo" apartments in Dallas, Tx on Wedglea Drive. You'll see what kind of work he really does. http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/071709dnmetfirefolo.4219829.html

Michelle
I currently reside in one of his subpar apartments. Shame this man is boosting his career with these living conditions....

ARLINGTON APT ANGRY TENANT
PAT PLEASE TELL IT ALL! THAT IS THE TRUTH WE WERE "OWNED BY LINDAHL" WHEN I FIRST MOVED HERE NOW THEY ARE BIG ASSETS!!!!! THAT IS SO VERY TRUE!!!! The name changes so much and the apartment managers LIE for the company! I am owed a small sum of money back from them and when I asked the apt mgr she originally told me they were under Lindahl Mgmt and now they were bought by BIG ASSETS now She stated that they wouldn't give me my money back because they changed, I always thought they were liable for any incurred debts when the property was sold... which as you can see just changed their name! The freaking apt mgr tried to make me let the issue go by not admitting the truth and all of this information. They need to be boycotted!!!!

Roger
All I can say is those people with the negative review did not attend the boot camp I attended. It was full of content, real life, real situations. Dave spent a great deal of time going over the mistakes he made while owning over 7,000 units. That alone was worth the price of the boot camp. It's obvious that he's out there doing it! All's I can say is those other negative people must be his competition trying get some business otherwise, they have no idea what this real estate game is all about. Keep rockin' Dave and thanks for sharing such valuable information!!!

Steph
Your are absolutely right Amber. Justin Meszaros who manages The Indigo where I "lived" ,but sure as heck don't now, is a fraud and a money hungry child. If he is a product of Lindahls I would caution anyone on taking his advise unless they have no problem becoming a thief because that s HOW they are "successful".

Adam
Steph, your comment tells me you really have no idea what you are talking about. Justin Meszaros has earned all of his success through dedication and hardwork. It's obvious that you are a very bitter and envious person. There are bound to be plenty of your kind in this world. Slandering people you don't even know will get you no where. Grow up.

Steven
Justin Meszaros has been sucessful for one reason only, he takes the knowledge from his employees,implements it, then lets them go. That is not slander but the truth. There is no loyality when it comes from Justin.

Noob
So tell me, thief or no thief, does the course contain reliable info on starting and maintaining a money making business in real estate?

Sharon
I am currently looking into starting with David's plan. I have a friend who has gone to all of his seminars and showed me on her computer apartments that she was looking at buying. None of them were in slum areas or even looked ran down. She does go to the property to make sure of the condition (as should anyone) before she makes an offer. As she has told me, all counts on the right property manager and your checking on the comps to make sure everything is correct before buying. Reading all of the bad reviews makes me think that the properties were originally bought by David but later sold which then the new buyer has let it go so the slum.

sherwin wiliiams
pat is rigth, i know why justin is a fraud thanks pat

kelly
thanks pat, , justin fire my husband , he worked so hard for what? thanks justin my husband name paul . remember justin u will pay

Roger Garcia
I Whaiting for justin give me my job back at la mansion apts i dont doe nothing you know how to find me justin thks

John
I would just like to say that I have been to Dave's Boot Camp as well. I realize that he charges a decent amount of money for his event, however the quality is top notch. I have purchased 3 large apartment complexes since leaving his event. My success is largely due to his guidance. As far as his investing business. I have had the pleasure of meeting Justin Meszaros, and though I may not be good friends of him, the man does know his stuff. Furthermore, to address the Lindahl's LLC situation - I have spoken to David personally about that situation. Each property that he purchases is under a different LLC. The reason that "The Lindahl Group" was changed to "Bostonian Investment Group" is so that Dave can someday sell off the assets to another group. The sooner that he removes his personal name from the company, the better. You may notice the quality of people that have been remarking on this issue. If you cannot properly speak or properly type, you have no business bashing someone. Learn how to conduct yourself first and then worry about other people. Mr. Lindahl is truly a genuine person. He cares about his students and his successes. I must say though, having owned over 7,000 units to this point, and the worst that he has going for him is a few unhappy employees ripping him on the internet...I would say I would be happy to be in his position.

Shawn
Dave is a total fraud. The storie he tell about how he started and pretty much everything else is a total Lie. He is in the business of selling information, which you can get for much much less. Yes some people do buy apartments after attending his bootcamps, but not with no money down. I attened his free 2 day camp which is a pitch for another bootcamp, if fact his bootcamp are all pitches to get you to another bootcamp. He claims to own 10,000 units, yes as part owner he owns maybe 5% of the investments. They acts like a loving family company, but they will strip you of your last dollar. They called me to goto a bootcamp, I told them I was laid off and might lose my house to foreclouse and a salesman Joel told, not to worry banks are not serious, but he could split the cost of the bootcamp up into 2 or 3 payments. As far a beening a slum lord, Dave started out as a slum lord, Brockton, MA . Dave and his family will screw up you out of every penny you have. You should contact you attorney general and and make a complaint. Also, if you buy his home study course they claim you can speak with dave, it will never happen, it is just a bait a switch.

Bill
As a 15 year commercial real estate veteran, I occassionally run into Dave's students who call on my multi-family listings in Dallas. I have dealt with many "real" investors in the past, but the students coming out of Dave's seminars or boot-camps are a bunch on bozos. These "wanna-be" investors don't know anything about investing in commercial real estate, but often act with arrogance based on a course taught by someone with questionable ethics. If you really want to be a serious student of investing in whatever asset class suits your interest, then I'd recommend finding a reputable broker, taking them to lunch and learning from them as much as possible. Most brokers I know in this business who handle commercial deals would never trust the advice of this character.

Private
Worked with Dave Lindahl for a few years...took his Inner Circle / Platinum Coaching too....what A TOTAL WASTE... Yes, I will give him this: He does not know his stuff.... but HIS INTEGRITY and HONESTY is SO not there it is not even funny. Also did some private Deals with Dave and KNOW 100% for sure that he is a Liar and when he says that his Handshake Is as Good As Gold and His Word is Golden.... Run for the Hills... someone that seems to need to even say this...you should immediately question. I could go on and on here, but if you want to give him a try...don't say you have not been forewarned... He is a total Scam and this I know from FIRST hand experience.... And anyone that asks me about him, I IMMEDIATELY tell them the truth.

Tanya
Dave Lindahl is such a scam it is not even funny. I have been to NUMEROUS boot camps with him, I know, PERSONALLY, more than 20 people that have invested with him and This I can tell you for sure... he is a TOTAL SCAM... Run for the HILLS as all he is doing is bringing people together for a Boot Camp, SELLING YOU LIKE CRAZY on other stuff when you are there (and if you did not know) and he pockets 50%+ of whatever he sells of Other Peoples stuff there too....but the MAIN reason he's got you there is to get you So Interested, So Intrigued....so Mesmerized that you "almost" want to take the first step yourself..... So he Cheats you in to Investing Your Hard Earned Money in one of his deals.....for a WHOPPING 10% return..... and that is ONLY if he makes money first. So why wast Thousands of Dollars on a CROOK like him and PAYING him to teach you a LITTLE bit about Real Estate...enough to Scare you to NOT do it yourself....and then CON you in to investing with him....ONLY making him richer and you STILL have not been able to set yourself free. And another thing we have learned first hand from Mr. Good Old Dave (that used to NOT have hair on his head....) is that he is NOT HONEST....not one bit.... ...again, based on feed back from over 20 people that have personally invested with him. All I can say is RUN....... Dave Lindahl is a total Scam! and so is his course apartment house riches.

Family of
Dave’s salesman Mike told me I could get into Apartment investment with no money down Dave would show me how to do it. It would only cost me $6000 for the Apartment riches boot camp and the Finding Money Boot camp and I had to take both to learn the secrets of Real Estate and it was 100% refundable if I was not happy with the education. Mike told me he was in the process of buying a 75 unit building in Dallas, TX. Mike even got his Manager Joel to assure me that I could get a refund if I’m not happy. I went to Apartment Riches boot camp which was very basic, but it did energize me. The biggest thing happening at the boot camp was sales they did a great job at trying to sell you more education, if fact 50% of the time was spent on sales pitches of other products or boot camp. I started looking for building in between, but needed money so I bought the Money Boot camp. Went to the boot camp and found that everything covered was old information sold by Allan Cowgill had already bought his program for $150 online. I called Mike to get a refund, I was told by Paul Sins that he was fired for lack of sales, but I really need to get into coaching to get the secrets and the one on one help. The coaching was only another $12000. At this point I'm very mad, I called customer service and spoke to spoke to Dave's sister Tammy, she was so rude and even mean she told me “It’s your fault if you can't make things happen, you can't get any refund". She sure wasn't the smiling redhead ringing up sales at the boot camp. Dave is just as fake; as his hair which is presto hair in a can sold in Mexico. I guess it's my fault for getting scammed. DO NOT BUY ANY OF HIS PRODUCTS OR BOOTCAMPS, Dave seems genuine, but I bet Bernie Madoff did as well. Worst part of his is I got laid off and they promised me I would make money in 6-8 months, I told Joel I had 4 children and was spending my savings.

Coach Chris cigllp at Yoo
Just and FYI about the 'Trump does biz with this guy, so he must be good'. Many of Trumps past ventures have filed BK. Every time this occurs all 'partners' are left with no $$$. You can't win ALL the time and the strategy of putting investment into 'companies' is a good one. IF they fail you lose money, but don't get damaged personally. A few hints: Become a 'Managing Member' if you invest with partners in an LLC' , 'NEVER sign a Personal Guaranty on the loan for the building. and never give your LLC proxy vote to anyone else. Here's how I seperate the REI (Real Estate Investor) with the BSA (BullShip Artist): have them give the the current and/or past address of any investments they've made with I&E statment and/or P&L's. (Income & Expense statement or Profit & Loss). Then know how to read them or get help: figures don't lie but liars figure...!!! Good Investing

A total of 33 reviews so far.

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