Is your money with a certified 1031 exchange holder now? 

@Chantell JohnsTo start putting money into multifamily real estate, take these steps: learn first from books and the web, meet folks who've done it, look up good places on sites like Zillow and Realtor.com, get a team with real estate folks, money lenders, and fix-up crews.

Sell for $400k, he'll carry $100k of that interest only, and gift 10k/year for 10 years.I really don't want to pass this up, but putting in the amount of money needed for a tiny bit of cash flow, or losing money each month for a couple years would risk running out of money and pushing me back to a regular job.Would you pass on it? 

It costs #10,000 and he ghosts you after he receives the money. 

  $2,000 is a lot of money.  

You need to buy in cash and you need to rehab in cash and then quickly move to recycle your money. 

Simply looking at the price isn't a good way for an investor to make money.

Don't be an absentee landlord... it costs a lot of money...

However, it can be at times a bit hard as the low-hanging fruit is gone and there's a lot of eyes (including institutional money) on the sector.  

Hey @Dan Gongora - I have a list of lenders that another BP member shared with me a while back...the lenders are exclusive to Chicago or Illinois, but I assume that wouldn't matter to you.How much equity do you have in the property and what is your game plan with the money?