David Lindahl and Multi-Family millions

[Roger Poulin]

I am wanting to break into commercial and Multi-family seams like a good place to start. I would like to hear from some of the people that have attended recently what they think. I have read 3 of his books and done his at home course from a a couple years ago. Here are some of my questions: 

1. Is David really still doing it himself.  Seams odd to have a gazillionare take 3 days to educate us peons.
2. Is there material in the live course that is not in the material.
3. is Dave offering to help fund deals with private money he as raised?
   1. If yes, what are the parameters that the deal must meet? I  fear an impossible expectation.
   2. Also what is the cost of the money?  Would I be better getting payday loan to cover my purchase?
   3. Does this private money assistance come with the course, or do I need to join the Gold Club, or some similar upgrade.

I have  bought several Kits, Courses, and programs. Many of them good, but some were worthless. While I could use some help to get a commercial portfolio going, I don't consider myself a newb.  I just want to invest my time and money wisely.

Thanks

[Lelith Walker]

I bought the course two years ago and found it very informative.  However, I did not like that they took so long to get back to me (1 mos) which left me hardly any time to find a deal and also I found the parameters unrealistic for the amount of time allotted.  Below is what they require

Partnering with Dave...

Must be in an Emerging Market

The complex must be 150 units and above

Must be under 5 million

Must be at least 85% occupied

15% Cash on Cash return-on actuals

Cap Rate of 8.25% or higher

Debt Coverage Ratio of 1.6 or higher

1. If the student puts money in and Dave puts money in then it’s a 50/50 split

2. If the student puts up all the money but wants Dave expertise then it’s a 75/25 split

3. If Dave puts up the money and the student finds the deal it is 25% student/75 Dave split.