Borrowing Money For Down Payment...Can This Work for Investor?
My partner and I have access to friends and family money to use for down payments for buy and hold properties. How can we structure a deal for an attractive return? They won't just give it to us, but we can't do deals without it.
We can get $500k, at least, and we want to use this money for as many 25% down payments as possible (looking in the 5 - 700k range for multi families).
Assume we used $125k down on a $500k three family--any creative ideas that won't eat our returns? Don't want to borrow the down payment @ 7%.