Is in good business savey to invest in apartment property?(10 units +)?

There is a lot to this including the market in your area, rents, building location and condition, cost of money, what you're willing to risk, what kind of return on investment you're looking for, property appreciation in your area, the economy... the list goes on and on but...

Below is a high level financial evaluation you can use.

Building: 10 2bd, 1ba units, rent 800.00.mo ea

Building Price: $1,000,000
Dwn Payment: $ 300,000
Loan Amount: $ 700,000

Annual Cash Flow Evaluation
Gross Income: $ 96,000
Vacancy @ 3% -$ 2,880
Expenses @ 35% -$ 33,600 *See below
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Net Operating Income $ 59,520
Annual Payments: $ 51,270 30 yrs @ 6.25%
-------------------
Cash Flow: $ 8,250

Cap Rate = NOI/Price = 59,520/1,000,000 = 5.95%
Use this number to compare investment properties.

ROI = Cash Flow/DownPayment = 8250/300,000 = 2.75%

If this is a better investment than you can get elsewhere then it's a good deal. Remember it won't be without risk (i.e. higher vacancy, etc) and lots of management time and effort on your part. There are tax rewards (Depreciation) and property appreciation can certainly help your net worth if it happens.

*Typical Expenses: Taxes, Insurance, Management, Maintenance, Utilities, Repairs...

Good luck on your ventures,
Nick

Do some research. Get to know the economics of the area the complex is in! Like market rent and maintenance. Then you can get an idea as to how much money you can actually make!!

It certainly can be. Ideally, you buy distressed properties, fix them up, and jack the rents up. You can then make good cashflow, which increases the value of the building dramatically, then sell it and do it again. This is what Kiyosaki does, the Rich Dad Poor Dad author. Read his books.