Family Friends Agreement

[Kyle Myers]

Question regarding presenting a new deal to family/friends

I have property in my sights, realtor, property management, and partner in place. Looking to bring on a handful of additional people close to me to get the remaining funding. First time putting together a deal like this.

1) What's the best term sheet/format to provide a potential investor in this capacity to agreement in place they want to invest? Am I supposed to offer shares  or can it be a simple as min investment is X, investor gets x%/ $$ per month, and can exit after x time frame.

I have my property analysis and "pitch deck". Basically looking for best format to show what I'm needing from them, show expectations on a return and ability to get an unofficial agreement their in if I close on deal.