You need to get a good paying job and after saving/working for two years if you have sufficient funds for a DP you then approach a bank for a loan.To be a investor you must have cash, employment and a high credit score.

Karen, I won't be attending but I can recommend a tip that could save you thousands of dollars: Leave your credit cards at home.Most of the free / low cost seminars give you a few crumbs of information but are mainly sales presentations designed to "upsell" you on more expensive "boot camps" and/or "mentoring programs".They all follow the same classic sales formula, they'll tell you that it normally costs $X (you can even go on their website and see that price) but "today only" or "only for the first N people to sign up" they're putting on a special deal.They'll do the whole "this is how much it would cost individually but here's an incredible package deal" etc.

Fortunately, I have a relationship with a lender that will lay out my options for me and discuss openly what they can and cannot do.As I looked into this further tonight comparing to other multifamily properties near the area, it would appear that the listing price is incredibly high.

I've been searching around the Yonkers/New Rochelle and Stamford/Greenwich area and the cap rates are incredibly low; almost not even there.

Do not approach your traditional Realtor who's selling nice big family homes in the suburbs with white picket fences and what not.

What is the best strategy for approaching someone who doesn't have thier property listed?

If she didn't meet my criteria I would deny her, so that is the right move.If you are looking at your criteria for the future, here's how I approach this:- If there is child support, is it documentable (with bank statements, etc) to count toward income?

Each accountant has their own approach and recommendations as far as receipts.Other documents are usually scanned.

The first syndication I ever did was one where the investor had demonstrated and incredible track record in the very same market.

JD Guther, I appropriate the reminder and noted intricacies and multi-flavored approaches that there will be.