|Investor Creates 11,472 a month passive income on 1st deal
What would it be like to have an extra $11,472 a month coming into your life each month.
Imagine what you could do with that extra money!
You could buy a bigger house, travel, and/or give more to your church or a struggling loved
An investor I know is doing just that because he closed on a deal where he is now
pocketing $11,472 in positive cash flow each and every month for the rest of his life (actually it
will get higher and higher) or for as long as he holds on to the property.
He did this by taking over an apartment complex using a Master Lease Option. Does that
mean he has to deal with a lot of tenant hassles? Absolutely not! He pays a management company to do
that. The only thing he has to manage is the manager. It sure is easier managing one manager than a
bunch of unruly tenants wouldn’t you say?
This investor found this deal in the local classified section of his newspaper. The
owner had the apartment complex advertised for a quick sale because he was burnt out (he was
managing it himself), had poor cash flow (it was 62% occupied) and he wanted out.
The investor, being a true investor was looking to get into the property with no money
down and structured the deal the same way you would structure a lease option for a single family.
He signed a Master Lease for the entire complex and agreed to pay the owner a certain figure each
month. He took over all of the income and expenses on the property and anything above what his
expenses are and the lease amount is his to pocket.
He also signed an Option To Purchase the property. Anytime with in the next five years,
this investor has the right to buy the property for the stated amount in the option.
When the investor took over the property, it was cash flowing but not by much due to the high
vacancy. Using a very good management company and a having them spruce up the outside, he was able to
get it at 90% occupancy in eight months time!
Now remember, every month he owned the complex he had positive cash flow. As the
management company put more and more tenants into the building his cash flow grew bigger and bigger,
to the point where it is now over $11,000 per month.
A lot of investors don’t realize that you can buy apartment buildings the same way you
buy single family houses. You can do "subject to", lease option, wholesale, and
pre-foreclosure just as easily and the best part is…the paydays are much, much bigger!
About the Author
David Lindahl, also known as the "Apartment King" has been successfully investing in
single family homes and apartments for the last eight years. He is the author of four popular, money
making home study courses
"Apartment House Riches",
"How To Estimate And Renovate House For Huge Profits" "Managing For Maximum
Profits" and "The Real Estate Investors Marketing Tool Kit". He can be reached at
firstname.lastname@example.org and www.rementor.com.
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