Posted by Karen Hanover Student on August 02, 2010 at 17:02:23:
See this Blog:
Buying apartment buildings - Posted by Danny
Posted by Danny on March 22, 2009 at 19:05:57:
Hello, my name is Danny. I want to buy some apartment buildings but I’m not sure where to start. I hear you can use other people’s money to buy them. Where do I begin? And how do I begin financing such a big investment??? Please help.
Danny<
Re: Buying apartment buildings - Posted by Suzanne Bennett
Posted by Suzanne Bennett on April 14, 2009 at 12:05:27:
I took a GREAT course on apartments and buying apartment foreclosures with nothing down from Karen Hanover. Google her. She and her courses are awesome. I heard she just one an award for her course too! I hope this helps!
Re: Buying apartment buildings - Posted by Lisa
Posted by Lisa on April 06, 2009 at 08:06:23:
Danny,
Where are you looking to buy?
Re: Buying apartment buildings - Posted by brandoncbsre
Posted by brandoncbsre on March 23, 2009 at 06:12:15:
Banks vs. Private Money
The nice thing about banks is that they protect a new investor from themselves. When I started out by buying that Carlton Sheets program I BELIEVED him when he said something like, if you can rent it the property for 1% of it’s price you’ll make money.
This is not the case on apartment buildings or homes when you have too much leverage on them. Banks run the numbers and if they dont jive you dont get the loan.
I would hope that anyone with money to lend would be smart enough to do so as well. Obviously with the news showing us a scam a day these days that is not the case.
Learn all you can about managing a complex the size you want to buy. Operating expenses really do run 40-50% of income and that doesnt include debt servicing.
Good Luck
Re: Buying apartment buildings - Posted by Jack Fremont
Posted by Jack Fremont on March 22, 2009 at 20:02:15:
In this economic climate, to use other people’s money, you need to either have some solid experience or you need to be a major bs artist. Try putting your self in someone’s shoes who has money - why would they entrust it to you?? If you can answer that question, then you should give it a whirl.
Re: Buying apartment buildings - Posted by SteveO
Posted by SteveO on March 22, 2009 at 19:16:46:
Typically, you will need to start with small steps if you want to use opm. Books work great as a starter. You need to learn all the math involved. Then move on to learning your taget market.
The above post is fraud. - Posted by Steve
Posted by Steve on April 08, 2010 at 09:50:32:
Notice the email address is bizminded@aol.com
That is Karen Hanover’s own email address. She promoting herself using an alias. How sad is that?
Moderators you can track her IP based on her other posts and verify this one is her as well.
Why do these gurus have to result to such underhanded strategies to promote themselves?
Steve
FL