BiggerPockets

If you're looking to move into the multi-family world syndicating might be your best option.
If I were you I'd try to wholesale a few properties to bring up my cash reserves and move up slowly into the bigger and riskier arenas. That or ask a rich uncle for some money.

Don't need startup funds to wholesale if you find a good enough deal and you structure the contract right,

There's plenty of information on wholesaling in this site. Just type in "wholesaling" into the search box up top and research the topic a bit.
Once you feel like you got a good grip of the idea and its techniques feel free to PM me for help with the minor details.

Peace

Been wholesaling for a little more than 2 months. Doesn't seem like much but I dove in head first. It's like any other job and you'll get what you put into it in the beginning. I've made some great contacts and money along the way.
I started by learning the basics. I assume most people on this site did the same. Bottom line is you need to do some research to get a feel and when you feel you're ready dive in head first. The best place to learn is out in the field getting your feet wet.
Get the basics out of the way and when you're ready I'll give you the help you need or point you in the direction of someone who can.

Chip,

You should read up about how to get private funding to buy all the property you like. You dont need credit. You better have a good plan in place because anyone you try to get money from will want to know how you plan on using it and how it will benefit them.

Curt,

Thank you for the reply. What do you mean exactly by 'private money', could you give me a specific example?

Thanks!
Chip

Jess,

How do I secure a good buyers list in my area? Anything you have done personally that seemed to work out well?

Thanks again,
Chip

Hmmm-interesting. Yes, I actually read that thread the other day while surfing around on here. Brokers sound pretty assuring. Cant hurt to try. ... Thanks for the colleagur request, I just accepted and am PM'ing you now...

Money partner and private money are more or less the same thing. Just someone who has money and is willing to invest in your deals. Lots of people actually have savings. IRA money can be used by moving it into a self directed IRA (though not with the big brokerages.)

Its usually structured either as a loan where you pay interest then pay off the loan when you refi or sell, or as a partnership where they put in the money, you do all the work, and then you split the profits half and half.

There's really no "source" for it. Meet people, talk about what you're doing, and if, the opportunity presents itself, mention you're looking for someone to fund a deal.

with you being a gc you can also approach property owners with distressed properties and offer to rehab their props for them and strucure an agreement to split the difference upon sell. you would then only have to come up with the repair money. that you could do by either hm or pm (the same as your money partner) or line of credit or refinance...the owner of the property would be able to take the lead on that option because they own the property.

We have a new program that can help a business get funding up to $100,000 on startups. We basically build your biz credit score and the credit lines are not tied to your personal credit.

I've seen burned-out LLs around here who would love partnering up with someone full of energy and hard-work to take over rehabbing and renting their properties.

It ain't free money, you understand. And these properties aren't in 'resort areas', you understand.

But just last year there was a local low-income LL who passed away owning boucoup 'management intensive' properties that neither his wife nor sons wanted.

But some hard-working energetic people wanted 'em, and they got good deals on 'em, with good terms. But, as can be imagined, these folks are 'earning' their equity.