I would also encourage you to get involved in networking groups in the Chicagoland area as well as listen to the straight up Chicago investor podcast.

Happy to answer any questions about the situation.Please be safe and stay away from him, or any companies he is involved with. 

There is no real estate involved; they are on a lease.My bank is currently looking at how much they can give us for a cash out refi of our rental condos, but we are trying to investigate all options.Thanks for any advice. 

To learn creative financing, you'll want to get involved with your local REIAs, listen to podcasts, follow people who are educators on creative financing, etc. 

Why type of price point are you looking, what anticipated ROI/cash flow, how much time do you want to be involved in, what is your risk threshold, how long do you plan to hold the property, are you looking to invest locally or open to exploring other markets, etc.? 

This may not be a worthwhile pursuit if you don't fall under that category because there is some added risk involved.4.

The property manager will be involved for years, and they want it to be something easy to manage.

Steps involved:1.

A family member contacted me directly, so my agent hasn't been involved at all with this deal so far.In that case, the only reason that you would pay him the 3 percent is you wanted the assistance with the whole process from negotiation, home inspection, negotiating any repairs, mortgage and closing and title referrals.

It may involve creating a trust or moving the deed into an entity.