how can I buy a multi-family without using any cash or credit,

[Anthony Kondor]

How can I buy a multi-family without using any cash or credit, and cashflowing. i live in south suburbs Tinley park ,Illinois and Im looking to purchase a multi-family building , live in one side and rent the other sides our for positive cashflow, please let me know what creative ways can I use to fund the deal. I am looking for multifamily building like 3 and 4 units purchase price plus my rehab needs to be 200,000 and the goal is to rent out the the others units and get income where I would possibly be cashflowing or living for a minmal cost. I love the fact of multi-family housing. Please send private lenders and hard money lenders or referrals my way I appreciate !

[Bill Gulley]

LOL, the only way to acquire a property with no credit extended or cash is to have it given to you or trade for it.

Joe's master lease is a good solution, but understand, a lease or promise to pay future payments is an extension of credit!

The time wasted with pipe dreams and how to get something for nothing you can actually learn the basics of real estate, the business, not how to move shells around for some convoluted ploy that in reality is likely never to materialize. Elephant hunting with a sling shot.

Reality check: If you owned an apartment building would you let someone off the street with no RE track record lease your entire building with no money or credit and allow them to manage it all along giving them an ownership interest?  Really???

Land, labor, capital and entrepreneurship, no business transaction takes place without 3 of these 4 functions. You can substitute any one of these functions for another function but you can never substitute land, it will always be on of the 3 functions. Land doesn't have to be the subject of the transaction, but you'll always be located someplace to conduct business, even if it's at your kitchen table on the phone.

Learn the basics or RE and what makes RE valuable, then how to manage those  functions to facilitate a transaction, if you have no capital it will take labor and management to make up for the lack of money. You can't provide labor without skills and you can't manage without an education in that industry. BTW, guru junk is not an education in RE.

Gurus show techniques to use in RE. 

There are many ways to bail out a sinking boat. You need to understand what makes the boat float to chose the right method to employ keeping the boat from sinking, use the wrong method and you're most likely sunk! :)