How to best approach acqiuring private money on apartmnent deal?
My partner and I are considering the most optimal way to structure the private money portion of a potential transaction. We are currently looking at a 11 unit apartment building that would require approx. 140k down payment. We have colleagues that would take the opportunity to lend and we are considering ways to approach / structure the deal. Ideally we would borrow the entirety of the 140k, keeping our reserves for maintenance and other expenses on the property. Additionally, we currently own an sfr free and clear that would appraise for approx. 90k and a duplex with 20k of equity. Any suggestions on how to approach this?