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.

Now after a while on the job (we mainly sell investment properties in the $1mill to $30mill range) I have yet to see any of our clients get sweet wholesale deals.

Okay these numbers indicate a sweet deal.

It would be a really sweet deal for him, and there is a grand already there in an account he would receive plus there is $30,000 in cash buried on my fathers property, which i believe my brother has already exhumed. so it should be a snap, less than attorney fees if we battle it out.

A celebratory toast of Napa Valley wine to you, sir. 

I could not resist that one.. when I lived in the Napa valley  that was the running joke how to make a million in the wine business. invest 2 million and you will soon have 1...

I would be way more concerned with the condition of the heating and/or central A/Cs as they cost thousands each...5% down and 3%interest for 25 years is SWEET!

Sweet.

An elevator in a house is sweet.