Private Money Questions for 2nd Home.

[T.J. Isaacs]

We have 1 rental, but would like to buy more, but will not have enough for a 20% down payment. I have connections that have financial capabilities to buy a house with cash, but am having a hard time going to them and asking. 

First, I know I just need to have a plan and ask. Second, what are some ideas on financing? Do we ask for full purchase, split 50/50 on profit? 100% purchase, but use them as a "bank"? What would be the loan structure? 4-6% financing on loan? 

Last idea, is we take a Heloc out on our home, which we could pull $40-50k out in equity. 

First house was easy, not anxious on taking that next step. 

Any feedback would be appreciated.