Look what happens when you take the next step!

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1 100 Weymouth St. Rockland, MA Look what happens when you take the next step! I m writing to say thank you for your guidance and inspiration over these last few months, as we just closed on an apartment complex of over 150 units for just over $4 million dollars in an emerging market in Alabama!! In the first year I am getting a Positive Cash Flow. At the end of the 3rd year, we are expecting Cash Flow around $120K per yr. I would have never done any of this without your Boot Camp!! Chris Hiza "As a 30-year veteran of real estate investing, I wish I had this gold mine of information when I was starting out...david's program will set you on the path of success: his intimate sharing of his experiences will save you costly mistakes and speed you towards a rewarding real estate investing career." Janet Benoit time., thanks Dave. Without Dave s program I would not have the knowledge or constant motivation to follow through with my real estate aspirations. He has given me countless pointers and the push I needed to contact brokers, banks and management companies. I have expanded my knowledge beyond my own comprehension. I have come so far in so little Tyler Ford

2 Living in California, finding multi-family properties that cash flowed property was difficult. After learning about market cycles from Dave, my husband and I were able to find a 32 Unit property in Austin, TX. After using the teachings that you taught us regarding Property Managers at your event we will be having an incredible cash flow. Thank you so much for everything Dave!! Jeff and Jane Anstrom I am happy to say that after a long break from real estate investing, I have come back to Dave Lindahls program. I have purchased two properties in my own back yard of Los Angeles. Currently I am rehabbing both properties, and I am now realizing it was much easier to go for the lowest hanging fruit which are banked owned single family or small multifamily properties. I have spent just a little money, for a big payday. Thanks Dave. Armando Lopez Dave, I can t thank you enough for the value of your Boot Camp. I was able to go out and buy a 95 unit property in pulling no money out of my pocket. I used just a couple of the money raising strategies that you taught at the boot camp to go out and raise all private money for this deal. Dave, your Boot Camp made it so easy for me to get up in front of my potential investors. You took all of the fear out of the equation. I had everything that I needed to come across professional and gain their respect. Thanks again for everything Dave.. Toby Fisher I hadn t really considered doing multi-family properties before, it seemed as though they were too much money and too many unknowns. I am familiar with single families, but wanted the bigger pay day that the course talked about. Well I was at a get together and someone had complained about not having any cash to do a deal that he thought was great, but he didn t have the credit to do it. I was a voracious reader of Dave s course and I read it three times, and a week later I offered to help him out. I found a hard money lender and paid some ridiculous fee, he agreed to start renting it immediately and buy it as soon as the bank would allow. I cash flowed about $ a month after the cost of the hard money.

3 I fixed it up and found a renter and that produced another $800 a month. In four months he worked out his credit problems, and I walked away with a big fat check, and I can only say thanks Dave for your proven formula. Jein Gadson The training we received at your Bootcamp has had us in a whirlwind since our departure. We took away from the bootcamp a wealth of knowledge and it is clearly evident you are living proof it can be done with the right system. Thanks Dave. Denise Feinem Dear Dave Lindahl and everyone at RE Mentor, I just wanted to let you know that I acquired a 4-unit apartment building in Waltham, MA. This is a small repositioning deal that will net my company over $500,000! Attending your event and becoming a coaching student has elevated my skills as a real estate investor tremendously. Without the framework you ve provided, I would have easily spent years learning everything on my own or through other coaches. My company is poised to syndicate 2 large multifamily properties this year and I m having the time of my life doing it. I just wanted to send my sincere thanks. Warm regards, David Bacani I just wanted to thank you so much for your systems, your bootcamps and of course your Gold Coaching Program. With many thanks to you, and your staff I was able to close my first apartment deal. It was an 80 unit property that was 100% occupied and we received a $125K credit back from the seller to offset closing costs and to help with future repairs. Things got even better when the appraisal came in $150K higher than the purchase price leaving more money in our pockets. Thanks to you Dave, I am on my feet, closing deals and raising capital. This is the testimonial I have dreamed of writing since I first met you in January. Thanks ever so much Dave. Mike Flaherty

4 Dave I am so excited I just closed on a 4-Plex. This property was recently rehabbed and is 100% occupied providing an immediate cashflow of almost $800 a month. It was purchased at a very low price I expect equity will build with appreciation and rent increases. Your coaching program is fantastic it kept me focused and motivated. The template allowed me to clearly analyze the deal. Heather Finley I just wanted to write and thank you for your materials and encouragement to pursue the goals that I always knew I was capable of. After listening to you I bought your course, and I closed on my first apartment complex. I want to thank you for the hands on step by step information and for the encouragement along the way. Michael Colosimo I have recently closed a 20 unit deal and 2 single family houses. All done with private money. I was able to get a refinance on the 20 units and have commitment from a local bank or refinancing the 27 units which I paid cash for. I now have 80 units total including the 20 unit, 27 unit complexes...i have accomplished all of this by following your courses and boot camps I have been to as well as the close help of the coaching program! Bill Ham After attending David Lindahl s boot camp I joined the Gold coaching program. I have been a member of other coaching programs but nothing comes close to the support and amount of materials I received. I also find the weekly calls to be extremely helpful in listening to other students and being able to ask questions of Dave Lindahl himself. Thanks Dave, not only am I happy with the program, I am happy with the relationships I have built because of you and your program. Steve Sack

5 David Lindahl s home study course opened my eyes to the potential in multi-family real estate. I already owned single family rental homes, but after studying David s course, I decided to turn my existing rentals over to a property manager so I could concentrate on future endeavors. In fact, it s amazing how many apartment leads I m getting from existing friends that didn t even talk about apartments before. I hope to scale my business quick enough to take advantage of the flood of commercial foreclosures that I hear is coming in the next couple years, which includes apartments. Thanks Dave. Aaron Dionne "My name is Ann Anderson and I m in Dave s Gold Coaching program. Attached please find a copy of the P&S and HUD statement from my 3 family in Providence which recently closed. I m also sending a picture of the property and myself and my partner Robert Riccardi. I will tell you that the coaching program has helped me overcome my fears by having the resources of a coach to answer all my questions while going through the property purchase. The property will be cash flowing $300 after all the bills are paid. Thank you." Ann Anderson Dear Dave, I m writing to inform you of my first multi-family purchase as well as the impact the coaching program has had on me. For starters, let me say the coaching program gave me both the confidence and the roadmap to find and close on a really good deal. Prior to the coaching program I had the motivation, but lacked the direction to actually get into real estate. Several years ago I got my pilots license and became a corporate pilot for tri-max medical. After working there for 3 years I realized the important people were sitting in the back of the plane. Four years ago, I quit my job with $10K in the bank account and one duplex that cash flowed about $250 a month. My first bit of education came when I heard Dave speak about apartments and I was hooked. I closed on 33 single family houses worth about 850K with about 200K in net worth in them. I started my portfolio with single family houses, but quickly moved to apartments. In the past five months, I have closed on a 20 unit deal that appraised for 400K, I had paid 280K, another 27 unit apartment complex that has 260K in equity, and I have an offer pending on a 90 unit complex that looks promising to close.

6 I have started a management company and now have two full time employees. In the last two years I have raised over 700K in private funding, so without Dave and his teachings, I would still be flying that airplane. Thanks Dave. Sal Ceneri Mike Lifton recently acquired an 11 unit strip mall in Georgia. He negotiated several seller concessions to get cash back at closing (covered all closing costs plus 37K cash back) and use the money to help clean up the property: Paint, Top-coat and Re-stripe parking lot, deferred maintenance, etc. His tenants are VERY happy with new owners/management, and was able to raise the rent in one unit by 1,000 (yup, one thousand) percent! "My coach helped me analyze this deal. He was with me every step of the way. Although I live on the west coast and the property is on the east coast I was able to use your system to make this deal happen. " Mike Lifton We have been cultivating relations with brokers in a few different markets. We picked areas that Dave had identified as emerging markets and we had connections that required us to travel to on a recurring basis. Throughout the process we were never worked about the deal because we were using the techniques that Dave had taught us and with his team looking over our shoulder we felt confident we would get into this deal and not make a mistake. We experienced firsthand how the process works. With our first property under our belt, we are looking for our next big deal and now we have the knowledge and the experience to bring in private money investors with confidence we will again deliver a win-win deal for everyone. We are very grateful to Dave Lindahl and his teachings. Dan Paustian & Terrie Pattee "Within three weeks of getting your system, I closed on a "Chunker", and will make $28,000 on the resale. Thank You!" Brian Kiger Dear Dave, I was so excited to write our first letter to you about closing our 8 unit apartment deal and I am writing to you again. We just closed on a 5 unit property in Beaumont Texas on a beautiful corner lot in the historic district. This was a no-money down deal and it is worth

7 $141,000 and we purchased it for $55,520 plus the bank is giving us up to $19,500 for repairs. After we make the repairs and increase rents we will bring the value up to $165K. This property was an REO and it only took us a month. It will only produce about $300 a month until repositioning is completed, but then it will double that a month. Dave was right when he said we would look back and think of all the great deals we got in the summer of It s been crazy busy, but all worth it, and I have learned a ton. I cannot thank RE Mentor and David Lindahl enough for all the education and support. Vanessa Harris Just thought you would like to know of my latest acquisition. Because of what I learned at your events...i traded a single-family house in which I had a lot of equity for a 40-unit complex in Bakersfield. I bought the property for $900,000. After just two years of holding it, it is now selling for $2.4 million. That's a profit of almost 1.4 million dollars!! Best of all, I had a positive cash flow of $4,100 per month! Jim Anderson I started my ant farm last week. Ran your ad. [This was my] VERY FIRST call that came in: I explained what I was wanting and the gal said, 'I know a property like that...my mom has a house she needs to sell. I got this house under contract for $42,500 and am selling it on Tuesday for $66,000. Actually selling the contract and making $23,500! I might be able to squeak out a meager living doing 2 or 3 of those a month. Michael Jake Last year I bought 3 multi-families using your marketing letters. I sent out around 200 letters. Two from one owner: 6-family had $60,000 in equity immediately. Now, with cosmetic rehab, it has $200,000 equity, and cashflows $1,500 a month. 5-family only needed cosmetic rehab. Cash flowed $600 a month. Just sold for $55,000 more than what we paid for it a year ago. The third was from a different seller. We bought it for $138,000. Value play is to increase rents from $2,100 a month, to $3,000 a month by rehabbing and raising rents. Building will soon be worth at least $200,000. It will cash flow $1,000 a month. Thanks, Dave! Linda Baumgarten

8 I picked up a property from a person. I got it subject-to, with one tenant and three vacant. Well after 1 week I had an offer for 265K. I got it for 190K. This took 60 days and I'm closing sometime this week (75K profit!). Not Bad. Victor Bell First of all, I would like to thank you for your information on Multifamily investing. Your sample letters make it possible to have a successful mail campaign, since you have done the most difficult part and that s writing the letters! The 7 minute analysis makes it a painless process to analyze deals. My daughter and I found a triplex in Orangeburg, SC from a motivated seller thanks to a foreclosure. We were able to use your 7-minute analysis to verify the numbers made sense. We purchased the property for $112,000 with private money and with all 3 units renovated the property has now been appraised for $220,000! That s initial equity of $108,000! We are utilizing your application, lease, and unit condition forms. We look forward to seeing you at your next event! Linette Mongeotti Be our next testimonial! Dear Dave, Using your Apartment House Riches home study course made it so easy for me to close this deal. I had to tell you about it. I made $ at closing and my monthly cash flow is $. Thanks for changing my life! Sincerely, You.