Loan Down Payment Help

[Ryan Hendershot]

I am looking to buy a property and I will need about $35,000 for the down payment, closing costs, etc.

I have a partner that would be willing to come in and cover the down payment for an equity share in the property. 

How should I go about finding out how much is a fair amount of equity to give? I would be managing the property and he is simply just covering the down payment fees. 

Also, how should I structure the repayment? Simply on sale of the property, payback investment plus interest? 

Should he get a portion of the monthly income as well, equal to his percentage of property owned?

[Andrew Postell]

@Ryan Hendershot my suggestion is to NOT give ANY ownership of your property away to anyone.  Instead, structure a loan from your investor that you will pay back.  That way you keep your asset, and your investor can still quantify their return. If you goal on this property is to flip then you can offer something like "6% with monthly payments" or "8% with no monthly payments" (where you pay them back when you flip the property.  There's all sorts of ways to structure these loans. Hope this helps!