Which one would be the better choice if I wanted to purchase either an apartment building or a small multi-family apartment that is producing income?

I don't necessarily think buying a multi-unit and moving into is the right choice for every new investor.

Saying $600K plus $20K in concessions is roughly the same as saying $580K.If the choice is $580K or $600K with $20K in concessions, he may still prefer the straight offer.

If there is no choice but to use sales dated two years prior, then there is a market sampling method that can be used to determine how much the overall market has increased or decreased since the closing date of the dated sale.

That would result in the rent being incomplete and therefore late.You'll have to make a choice.

The choice is more about choosing the version that will best suit yours needs.

I would opt with not choosing between these choices.

The choice for the bank is to go through a costly foreclosure, take back the property, bring the taxes current, and then try to sell on the open market where they will have holding costs, and pay a commission; or they can cut the banks losses and sell the note at the current market prices for NPN's.

Gerorge, there is no arguing that HOA fees are an expense, Bienses and I are simply stating that by choice, if an investment has HOA fees, we CHOOSE to tack that on to the 50% expense simply because we can find other deals with 50% expenses WITHOUT HOA.

Because we have a month to month lease and the homeowner gave us a written 30 days notice, we don't have any choice.