Newbie Seeks Investor For Multi Family- Downers Grove IL Area

[Bill Fleener]

I have committed to the world (friends/family) to start multi-family investing in the west burbs of Chicagoland, preferably in the Downers Grove area. I have 10 years exp. as a commercial RE broker ( its been 6 years since I was last in the RE business) , so I understand the business. What I am looking for is someone that might want to put up the money for the first acquisition of the multi-family property in exchange for 10% interest on your money. I expect to use the BRRRR method and would refinance after 1 year to pay back the initial down payment and any monies needed for rehab. The details could all be worked out.

Additionally, I am looking for referrals for really good "multi-family" brokers in the Downers Grove/ west suburban area that understand the business and how to spot a really good opportunity. Mainly looking for B properties and I can add value to to increase the property value! 

Currently, I work full time as a Director of Business Development for FTD, so this will be a part time gig for me until I can get enough properties into my portfolio. 

Please contact me if you have interest or any information that might help. Thanks for your time and consideration.  

Bill Fleener