Who buys apartment complex at retail price and why?

[Jackson Roberts]

I've talk to a lot of investors who always say you want to buy real estate properties at a discount and I agree completely. However, I am wondering who buys apartment buildings at retail price. I look at websites like loopnet that have thousands of apartments for sale, but there are no discount on those apartments. So if there are people buying these apartment buildings at retail price, what are the benefits if there are any?

[Bjorn Ahlblad]

@Jackson Roberts Prices are often described various ways in stores and real estate: retail, wholesale, discounted, rock-bottom, whatever-that's just blah blah. When buying I do my homework on price; and what is far more important than price is value; how is the rent roll, how much cash flow, will it need a roof, siding, etc. How does it perform today and how will that continue throughout the intended ownership period. Welcome to BP Jackson!