The actual benefit of syndication is only if there are special event where sponsor is so smart they can make 30 percent IRR in industrial space , but for multifamily no such thing exist ..also with common waterfall these days most risks are taken by LP investor while GP reaps the most benefit.The actual benefit of syndication is we make GP very rich lol

Real estate investors decades in the business know even if you gave someone the best systems and knowledge out there only a few percent will really do anything with it.WHY is that?

I believe most places charge a 3 percent fee or more

Quote from @Seth Timmerman: Quote from @Elwin Green: Hi, all...Half a lifetime ago, in the late 80s and early 90s, I took a run at real estate investing.

I want to invest in my own city I make 130k a year roughly which is increasing every year by about 3 percent.

I wouldn’t worry too much about the interest on the loan; it’s the ROI you are getting from stacking of investments which makes the percent on the line of credit meaningless in the long scheme of things.  

Gifting the property to your son transfers your basis ($265K) to him, allowing him to sell at his lower tax rate (0%-12%), but requires using part of your lifetime gift tax exclusion.

Very recently had someone (who did not need to use the Bitcoin) try to increase their down payment by over a hundred grand, so they could be less in debt, using Bitcoin that had not been adequately seasoned (the Bitcoin has just gone up a zillion percent...).

Also if you ever decide to move out and rent the entire condo, the HOA might have restrictions like limiting the percent of long term rentals.

I told them though I would be willing to put as much money down to make the deal work because I believe this is a once in a lifetime type of deal.