Raising Funding and Equity question

[Daniel Alva]

Hello everyone. I have recently developed a growing interest in trying to acquire multi family apartment units. My question has to do with raising funding and how that affects ownership.

Lets say for instance I find a deal I like for 1.2 million. I have no money to put down. A bank would probably require 240k down (20%) (Correct me if I'm wrong)

Maybe I can get the seller to finance 120k (10%) for 6% interest and maybe I can get another 10% from investors for 8% interest 60/40 split

So now I have raise the money. 10% from the seller and another 10% from investors.

I now owe the seller 7,200 (6% interest)  and the investors 9,600 (8% interest). 

After the seller and investors are paid their interest. What percent of the property do they own? And how do I go about gaining 100% ownership? 

This is where I'm stuck and don't see a lot of info on. Yes people get the deals yes they get the deals funded. But do they get full ownership in the end? Do they not want full ownership or does it just not matter? 

Appreciate any help.

[Michael Le]

For a $0 investment you own 40%. That doesn't seem bad. You have low risk on this deal. For someone with no experience and no money, I'd be jumping for joy if given this opportunity.