Dave Lindahl


 

COMPLETENESS:This is a tough one to call, because so little is known about Mr. Lindahl that is not published by his own people. But it appears from the materials we have seen and a visit to his boot camp that he concentrates on just one aspect of investing - apartments. Frankly, there is so much more to real estate, and so very many opportunities missed by folks studying under Lindahl. More to the point. most new investors really do not want to have the landlord hassles.

 

COST: His "boot camp" costs a whopping $5499. His study at home kit still weighs in at a whopping $995. There is NO real estate training that is worth that much. NONE!

 

COACH QUALITY:Again, there are mixed reviews. Most of the folks who have contacted us feel the coaching and training leaves much to be desired, to put it kindly, and constantly attempting to upsell to other boot camps or materials, just like most of the other "gurus" (with 2 exceptions). Whereas apartment investing is pretty straightforward, it is difficult to imagine why any coaching is required in the first place, but if offered, it should be a simple matter to please the clients. That does not seem to be the case here.

 

SUCCESS RATE: Unknown. Nothing is published on this.

 

BETTER BUSINESS BUREAU RATING: The BBB has requested basic information from this business but has not received a response from Lindahl as of this date. The BBB gives him a rating of C- because they do not have sufficient information to determine how long this business has been operating (he keeps changing the name) and do not have sufficient background information on this business. Complaints filed with the BBB include complaints of failure to correct billing errors and refund issues.

 

UPDATE: For a long time we avoided doing a complete review of Mr Lindahl, primarily because he does such a great job of hiding his tracks.

 

It appears that Mr Lindahl changes the name of his business often - every few months to a year - in order to avoid paying debts and the hundreds of thousands of dollars in liens against his Llc's. His latest Llc is "Big Assets".

 

Here is an excerpt from the Dallas Morning News as recently as 7/17/2009, after a fire at one of Lindahl's apartment buildings - Lindahl's group owns properties mostly in Texas:

 

"According to deed records, the Indigo is owned by Big Bostonian 1 LLC. When the complex sold last year, The News reported that Bostonian Investment Group purchased it for about $13 million. The company had previously operated as the Lindahl Group, based in Massachusetts.

 

Records show that all of the companies are affiliated with David Lindahl, who has written books about multifamily investing and has marketed his techniques to other investors around the country.

 

Meszaros told The News last year that [Lindahl's] company owned more than 4,000 apartments in Texas. On Thursday, a representative of the Lindahl Group in Massachusetts referred all queries about the Indigo to Meszaros. Meszaros did not return a message left at his Dallas office, and no one answered the phone at his Dallas home.

 

After Wednesday's fire, Carey Jones, vice president of operations for Enviro Engineering LLC in Waxahachie, wrote an e-mail to The News saying his company recently had filed a lien against the Indigo's owners for nearly $47,000 in unpaid work.

 

In an interview, Jones called the Indigo's air-conditioning system "incredibly run down and dilapidated." He said his workers walked off the job a couple of months ago when it became apparent they weren't going to be paid.

 

"I can't begin to describe to you the issues they had there," Jones said of the Indigo.

 

Records confirm that lien and another by Enviro Engineering for nearly $10,000 against a Lindahl-affiliated apartment complex in Arlington.

 

Jones said he has turned the matter over to attorneys.

 

Other contractors also have had problems getting paid, records show.

 

BCJ Professional Mechanical Services Inc. of DeSoto filed a lien last October (since paid), saying the owners of Indigo owed $38,000 for work performed at the complex between July and September.

 

Guardian Construction and Guardian Interior Design of Farmers Branch filed three liens, totaling $98,000, against Bostonian Investment Group last month for work at [Lindahl's]complexes in Dallas, Arlington and White Settlement."

 

So, here is our take - if you feel like spending thousands of dollars to learn how to get rich off the backs of low income and elderly persons by offering sub-standard housing and by not paying your debts, then perhaps the Lindahl course is just what the doctor ordered.

 

If you are truly interested in really learning how to make money in real estate and receive the benefit of free, unlimited coaching, all at a price anyone can afford, "The Simple Man's Guide to Real Estate"®, is worth considering. Their personal coaches are actual, practicing investors who volunteer (it's free) on a not-for-profit basis to help others. It is the only low cost program found that provides free, unlimited coaching from actual investors. And their instant download (full version) allows you to start immediately. And they have a good rating with the BBB along with a solid 20 year history.

 

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