Multi Family Apartments 2 Separate Buildings 14 Units + Piece of Adjacent Land.Valuation $1,050,000+   Seller Financed Payoff $721,500+$50,000 PPP There may be the ability to do a second lien DSCR loan on some of these.

Since moving into another fixer-upper isn’t ideal right now, consider leveraging your $40K for a low-money-down investment, like house hacking a small multifamily or using creative financing (seller financing, subject-to, or partnerships) to avoid tying up all your capital.

This includes networking, learning from experienced investors, and strengthening your financial position.If you’re starting with limited capital, setting up an LLC and building a strong credit profile (700+ FICO) can open up financing opportunities.

Pacing yourself is key, especially as you get hands-on experience managing maintenance and tenant dynamics.Since you have a strong W-2 income, you're in a great position to leverage creative financing options as you grow.

Have a great foundation repair company in your contacts list as well as a great structural engineer.Some flippers thrive on these properties as without repair they can be difficult to finance with financing an owner/occupant would use. 

Some focus purely on numbers, while others look at long-term value, location trends, or creative financing strategies.For those of you investing in Chicago (or similar markets), whats your mindset when evaluating off-market opportunities?

Hi Jon, Have you lined up the financing yet? 

You will likely need financing to scale (especially to scale quickly), and investment property mortgage will not be cheap or even available with poor credit. 

When financing these projects, keep in mind that some lenders may require a larger down payment or charge higher interest rates due to the increased risk.

Specialty is in foreign national financing so I'd be happy to provide insight and run some numbers for you once you've narrowed down your options.