I find a 15%-20% roi  to be the sweet spot. 

So you want to get in the deal with no out of pocket money, and you say 30 or 60 days late, and if she has a mortgage, then she will be late paying, and if she asks her lawyer about the subject 2, you can bet he will tell her she has more to lose, then you might want to sweet the pie with at least 3 or four months of upfront payments.Joe Gore

Not everyone is suited to being a landlord, maybe they want to relocate, or just cash out and buy a retirement home on a lake...maybe they have held the property a very long time and are just satisfied selling a little low to get a quick offer.Or, you don't have all of the accurate figures, and it is not as sweet as it seems.

Seems like a sweet possibility.Andy

If this one would have closed in sept, I would have had to pay a $17,000 lien that I did not know how to deal with, the deal still would have been sweet, but my atty. got it knocked down to $7000, & the seller paid that!

My message would be along the lines of a bandit sign but WAY LARGER, short sweet and to the point.

Anyway, I'm real busy with my ventures, and meanwhile I have a day job (granted its a work from home on my own schedule - sweet gig) but it's been getting brushed further and further under the rug cause I'm just too busy to give it my all.

SWEET!

Sweet!

Originally posted by Vince O Hara:What are the things to look for in an apartment building for sale for the new investor.Does it stack up financiallyEase of acquiring new tenantsType of tenants the asset attractsFor the financials take either current or maximum effective rent total, then deduct expenses such as 10% for vacancies, 10% for repairs, property taxes, insurance, lawncare, loan payment - commerical note with a 20-year amortization schedule at 6.75%you should then get an idea of what the NOI/cap rate/cash on cash return fgures areI would not go into apartment buildings as a first project - they are more complex than people anticipate. start with duplexes or quads.I think the sweet spot for the first level of multi-family commerical is 70-80 units.