Archive for the 'Buy Your First Apartment Building E-Course Questions' Category

Hello Ted,

In your E-course, are there methods of purchasing apartments without credit while using private/hardmoney funds to finance the deal?

Thanks,

Larry

Hello Larry,
The “Buy Your First Apartment Building E-Course” gives you all of the tools, information and knowledge that you need to purchase an apartment building in the United States or Canada. There is a section in the e-course that extensively covers using hard money and private money to buy apartment buildings.

Sincerely,

Ted Karsch

Hi there,
>
>I just wanted to take a minute and share some of the frequently asked
>questions that my inquiring students ask.  Maybe one of them is yours.
>
>Question:
>
>I have looked at the home study courses of real estate gurus like Dave
>Lindahl and Daran Garmin.  These guys are charging over $900.00 for
>their home study courses and around $5,000.00 for seminars.  How is it
>that you are offering similar materials and a better education for only
>$99.95?  What is the catch Ted?
>
>Answer:
>
>There isn’t one.  My educational resources and the software found in my
>e-course give you all of the knowledge and tools to successfully begin
>investing in profitable apartment buildings anywhere in the United
>States.  Those other guys, the real estate investing “gurus” have to
>charge so much more to cover the cost of their marketing.
>
>The real estate gurus also have to spend a lot of their money on web
>designers. I made this website myself. Hey, I know it’s ugly but I
>would rather spend my time improving my e-course. I spend almost
>nothing on marketing.  Most of my students find my e-course by word of
>mouth or from reading one of my articles somewhere.  My e-course is not
>my full time job either.  I do very well for myself with my own
>investments so I don’t have to charge a lot of money.
>
>Question:
>
>Is the information in your e-course up to date?
>
>Answer:
>
>Absolutely.  My e-course is updated with new and relevant information
>every month.  In today’s real estate market this is a necessity.
>
>Question:
>
>Can I make money just by studying your E-Course?
>
>Answer:
>
>No way! Investing in apartment buildings requires a lot of hard work
>and effort. Anybody that tells you that any different is just trying to
>sell you his “guru” system or seminar. My e-course does make the work a
>lot easier and if you follow the principals and systems you should be
>well on your way making successful apartment building investments.
>
>***Visit my website right now so that you can begin your apartment
>building investment education today.
>
>http://clicks.aweber.com/y/ct/?l=I1DT_&m=1mBcA2Mp_8ME9z&b=BKanYRkqAtICb
>KzpKseM2w
>
>
>PS. Here’s a question for you:
>
>Wouldn’t it be great to have steady income coming in every month from a
>strategic apartment building investment?
>
>If you answered yes, then get started today.
>
>The risk is all mine.
>
>If you don’t like the E-Course then simply return it for free and the
>education was free.
Ted Karsch, Creator of the “Buy Your First Apartment Building
>E-Course”

Good Day Ted;

I have been reading your details on your website, I get excited of going for your course, but I hate to admit this but I have to, About 4 weeks ago I bought another course of buying apartment buildings, I cant say who I bought it from, it stated practically the same as yours, and about the same price, but when I got to download the “course” all it was, was a 24 page reading, it was not what I expected, no tellng me how to start, no telling of who to talk to, no methods of how to actually buy apt.buildings, nothing, I felt very discouraged, scammed, and this person has been into commercial property for 3 decades. I called and asked where is the course, they stated that the whole course would cost $1400, what I downloaded was just a teaser, well thats what I take it as. not to make this into a novel, my question is this, your course is about $100, am I to get what it states on your website or is there going to be a teaser, like the others?
any help would greatly be welcomed

Thank You
Agustin

Hello Augustin,

Thank you for the email. The Buy Your First Apartment Building E-Course gives you all of the information, tools, software and knowledge to buy your first apartment building, even if you have no prior experience. There is nothing else to buy.

Sincerely,

Ted Karsch

***Below are some questions that Lori McMahon answered from a student who attended last night’s Apartment Building Investing Seminar

Hello Lori,

My name is TA Davis and I was an audience guest on this evening webinar hosted by Ted Karsh from ApartmentBuildingInvestor.com.

First, thank you for sharing your time and expertise on creating Apartment Building Investing Executive Summaries. It was truley very informative!

I am a newbie in commercial investing and see myself really focused on this aspect of the industry. Again, THANK YOU for clearing some of the fog!

Here are the questions that I thought of as I listened this evening:

1. At what point do you begin putting together the Executive Summary? ie before/during/after contract has been submitted?

It’s different every time. Before is fine as long we put that in as the status on the Funding Opportunity Page. Many of clients have wanted to find out if they could get any interest prior to signing the Contract to Purchase. Anytime is good as long as it is directly after you sign the contract because you must understand that in these times, it is taking anywhere from 45 to 90 days for funding…

2. To whom are you giving the Executive Summary? I believe I heard you mention nonconventional lenders.

You can submit the summaries to private investors you network with or funding firms you locate on the internet. If you’d like LJ Commercial Property Services to submit, I would let my partner, J.R. review the property Executive Summary and if he feels we have an investor/firm that would be interested, he would then let you know and we would move forward on your behalf. But, it is important that you, yourself learn to network to get it out yourself in case we don’t have a particular funder/investor for your situation.

3. Do you recommend using a particular software? If so, what is the name?

I don’t use any software creation packages so unfortunately, I cannot help you in this area. Software can’t possibly keep up with the ever-changing market and investors/funding firms criteria can change daily - I’ve seen it - believe me!!

4. Who supplies the information to you about the property?

The client supplies the information regarding the property itself. I put it together in a presentable package. I supply the demographics, property highlights, market highlights and comps. These have to be researched for each and every package I create since those items are in constant change as well.

5. I understood that one does NOT have to be located in the same state as the property to do an Executive Summary. How then are you able to know if the information that is gathered is accurate?

I only work off current market reports and use demographics from several areas as well as my own internet search to be sure all information is current. I don’t copy and paste from one summary to another - I start each one brand new because, it is! The property information is the client’s responsibility to get for me - unit mix, income & expenses, etc.

6. How much time (in general) does it take for a decision to be made once a summary is submitted?

Some LOI’s are received within a few days…others can take a month! It all depends on too many factors so this question is too open-ended for me.

7. Do you shop the summary to more than 1 lender (at the same time/upon rejection) or is this NOT receommended ?

The Executive Summaries that I actually submit on behalf of the client are submitted at approx. 5 to 6 per day until an acceptable LOI is issued or it is determined that funding will have to be found elsewhere.

I hope I am not going too crazy with questions but I am REALLY interested in becoming a SUCCESS story (thru commercial real estate) of overcoming adversities, fears, and making positive change in my life.

Ted:

Five years ago, I borrowed money to take Dave Lindahl’s “One Deal To Retirement” apartment buying course. At that time, the course cost me $500.00 I didn’t have! I really wanted monthly cash flow, so I threw my heart and soul into the course. Somehow I got connected with Dave’s right-hand assistant, and found out that Dave wanted to purchase a building with certain criteria in the Oklahoma area.

I worked hard to meet that criteria, and found a building for which Lindahl signed a purchase agreement. Because I cared to learn the “language” and communication skills necessary, Dave’s assistant thought I had taken one of his $5,000 seminars. When I told the assistant I had not taken the seminar, I learned I could not take an equity position in the building, but could only get a finder’s fee. In this particular instance, it was $40,000.00. This was in 2005. When Lindahl heard I had not gone to a seminar, he immediately “backed out” of the building. He did not want to give me a finder’s fee if I had only purchased his $500.00 course.

The experience ended badly. Dave emailed me and said, “I forgive you since I’m a Christian, but I want nothing more to do with you.” So I was forgiven for finding him a building that met all his criteria. When I called his office and spoke with his office manager, a lovely lady named Jeannie, she was “blown away” that Dave appeared not to wish me to receive the bird-dog fee. Jeannie recalls Dave’s mother being in the office at the time, and her eyes were rolling around. Dave was embarrassed that I was bringing up such a situation in front of his close associates. Jeannie told me this is why he backed out of purchasing the building. In short, if you don’t buy the full $5,000 seminar, you can’t play the game.

I was devastated! But I was wrong! I allowed Lindahl to crush my spirit! I never should have allowed myself to feel defeated! But since then, I am a student of meditation and positive thinking. I want another chance to try again to make my dreams come true through apartment acquisitions, syndications and wholesaling.

Why am I telling you all this, Ted? Because again, I have borrowed money ($3,000.00) to pay the Lance Edward’s group $2,695.00 for his home study course and mentorship.
They don’t have my money yet! I would like to have a small amount of support if I get into a crunch on my journey!

If you are offering all the material I need — why should I spend the money with Lance’s group? They don’t even offer their students cash flow analyzing software When I asked the training coordinator why they didn’t offer this kind of software, the guy stated that it wasn’t necessary (a whole heckuva lot faster and more accurate, though!) they just use a list of due diligence stuff on a piece of paper.

So, sorry Ted, for baring my soul. But I’d like some great training without having to get in bed with a buinch of bucks needlessly. Can I get everything I need from your course for sure? And, when I’m completed, are you reachable for assistance if ever I were to need it?

Warm regards,

Marje

Dear Marje,

I’m sorry to hear that you had such a disappointing experience with the Dave Lindahl apartment building course. Rest assured that if you don’t find any value in my “Buy Your First Apartment Building E-Course” then you can get a no questions asked refund at anytime. Also, I am available to help you anytime by email.

Good luck,

Ted Karsch

Hello Ted,
I hope I get a response back from you.  Your course seems to be the one for me because this is what I really want to do but my credit is shot to hell? I can’t do anything to be honest.  I know you say that I can buy with none of my own money but in this market?—-today’s economy? I guess your course will point me to some people that will lend despite all of that right?  I found a couple of deals with another course all to get shot down which is the only reason why I’m emailing you.

Thanks again,

Raymond

Hello Raymond,

Thank you for the email.  You can definitely find financing for apartment building investments using the list of updated lenders that I include in my “Buy Your First Apartment Building E-Course”. I also explain how to recruit other investors for your apartment building investment using a limited liability corporation.

Good Luck,

Ted Karsch
http://www.ApartmentBuildingInvestor.com

Hi Ted,

Thank you in advance for taking the time to read this.  My name is DJ and I have been trying to purchase an apartment building for some time now.  I have three questions for you if you don’t mind:

I have been told that I don’t need any credit (the better the DCR, the less the bank will look at me) and this is wrong.  Banks are looking at your credit now the way the economy is.

I have been told I can use hardmoney for the 20% down.  This is true, but there is no bank that will lend me the 80% because the 20% is not my money.  I don’t have any vested interest

Do you know of anyone who is lending private money right now..?  I don’t know of any.  Again, I believe this is true because people don’t want to let go of their liquid capital right now.

If I order your course, tell me how you plan to mitigate the above issues.  I am willing to go down the owner finance route, but these people normally want top dollar for something that is in need of a lot of work.  Please let me know.

Very Respectfully, DJ

Sincerely,

Ted Karsch