Little Help!!!!
Ok, i found a building. I found it on the mls and when i contacted the realtor he said she was letting the listing expire( no reason given) now the original ad said she was open to any kind of financing 
. it's a five unit and with a laundry in the basement, but two of the units need rehabbed. (not a problem there i'm a contractor by trade so the fix up is ok) but i was wondering what way to approach the financing? lease option? sub/to?
i have no money for anything as i have been off of work since july due to breaking my leg at my regular job in july. so all you great gurus PLEASE LEND ME YOUR EXPERIENCE! thanks in advance 
If you have absolutely no money, how are you going to make the payments and complete the rehab?
It looks like your only option is to try to buy it cheap enough so you can wholesale it to another investor.
You need to find out what the market value is for the property and try to buy it somewhere around 65% of market value
or less and wholesale to another investor. This is the easiest way to make money if you have no money!
You will have to educate yourself though on this process. There are some good
courses on this site that will help you
understand the process.
Best Riches,
Jeff Adam
[addsig]
That is one option but I believe there are some others. You just have to get really creative!! Keep in mind if you buy at the end of the month you can use the next months rent credits as a down payment. If the seller is really open to any offers, then there is room to work. Private mail me with more info.
MIKE
allright i'll explain. the rehab is not a problem i can complete all of that myself. i figured the rents from the properties should cover the mortgage, and help to cover the cost of mainteneance. then once i get it all done it should be easy sailin.
[addsig]
raymo28---------------
Possibilities:
Joint venture with a money person and then resell when finished.
If you can buy cheap enough get financing from a private person, also known as "hard money loans." You need to find a mortgage broker who represents investors unless you know investors to call upon.
If your credit is good, try to get a loan from a financial institution.
Ask the owner to co-venture the deal with you. One way: you get a deed for 1/2 interest and give a mortgage or deed of trust back to the other owner for the purchase price--no money down. You then fix up the place and either sell it or hold it, with the other owner getting cashed out when you get a new institutional loan.
In general five units is a bit ackward. 1-4 units can be financed using single family loans, above that is commercial loans. If you could temporarily convert it to four units and then buy it to live in yourself you might be able to get a good institutional loan.
Another thing. This forum is specialized in delinquent property tax investing. You might look for a more appropriate forum where you might find more people to answer your questions.
Good Investing***********Ron Starr***********