They won't always be upfront about this with you but if know they're selling because they want to retire, that opens you up to different options vs if they're an investor just selling for profit.

Be sure to factor in repair costs to keep things profitable.

My first property was paid off making me only $1000/month profit.

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For example, several of our clients last year did not have a primary intention of profitability. 

Cash OfferARV $180,000 - $55,000(Rehab) - $14,400 (8% fees, CC, HC) - $40,000 (profit) = $70,600 MAONovationARV 180,000 x .95 =171,000 (EST.

If you don’t owe then, everything is profit without paying overhead depending on the structure of your lease.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

In the last two days, I met with two business sellers who have net profits of $580,000 and $600,000 per year respectively.