My first multifamily purchase was my 34th acquisition and my first multifamily syndication was my 103rd acquisition (and wasn't my second multifamily purchase, either).

They will lend you their IRA money.My friends and family lend me 100% of the purchase price AND rehab money.

Hasn't been an issue for any property I've purchased."

Purchase price: $149,500 Cash invested: $10,000 Duplex (3BR/2BTH and 2BR/1BTH) separate 1BR/1BTH ADU

Has anyone purchased from the Peak Group and used them for property management? 

Find a good lending partner that is comfortable with lower property values both on the purchase, as well as knowing a group or two that can financing projects under 100k on a 30 year fixed.

If you choose to go the Syndication route, it's important to get comfortable with the GP and also underwrite the real estate as if you would personally purchase the property (even if you don't have the financial means to take down the property on your own).

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

If you decide to purchase a property on your own, be sure to discuss it with your agent or property manager.

purchase and rehab, sell 236k, with seller contributions, holding closing and selling costs ...