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.

They have the money (check, cash, m/o) right now to pay for the 1st last month & security deposit on both places?

Originally posted by @Leonid O.: Finding comparable sales to evaluate a purchase.

Also, are there other agents out there who are wholesaling with additional E&O insurance?

@Sovannary O. it all depends on your personal situation.

If you are checking those rents on a site like Rent-O-Meter or something else, they are likely to be on the high end.

We save that commission on every transaction where we represent ourselves.Of course, there are other costs associated with having a license that will eat into commissions:- Monthly broker fees (currently $33/month for my wife and myself with our Atlanta brokerage and $99/month for my wife in Maryland)- Transaction fees (we pay $300/transaction in Atlanta, nothing in Maryland)- MLS fees (included in broker fees in Atlanta, an extra $129/quarter in Maryland)- E&O Insurance (about $200/year in both Atlanta and Maryland)Overall, expect about $1000-1500 per year in fees to keep your license, continuing education, hanging your license, etc.

@Ed O.

I'm a late bloomer. 32 y/o today with one rental and just started my first real career about 3 years ago.

There are other ways to buy investment properties w/o money out of your pocket ex.