Apartments

[Ivory Hammond]

What are some examples of a good deal on 4 unit apartments or 6 unit apartments?? Some just came on the market for 130000 it's not the best area and I believe they are in fair condition. 4units are for 130000 and two for 65000 by the same seller. Thanks

[Ben Leybovich]

As a very, very vague rule of thumb, if you pay $35,000/door for rents of $600, whereby owner does not pay the utilities, you should be OK.  There are so many caveats I could write a book, though... 

Bottom line, since you have to ask the question, you likely shouldn't be buying apartments, Ivory :)