Is there something wrong with my pitch to my investor?

[Wade Alderson]

I want to buy an investment property in Claremore OK that is a mobile home on an acre of land, cost $8,000 (I will cover the closing cost) with a monthly rent of $800.

My pitch to my investor was that I would borrow $8,000 from them like a CD for two years.

They lend me the $8,000, in return I give them a 10% a year return on their money for two years. 

I pay them 1/24th of their $8,000 ($333.33) and 1/12th of the $800 ($66.66) a month but to make it easy I would just pay them $400 a month for 24 months.

Is there something wrong with this offer? 

Land her in Claremore OK is around $4,000 an acre and the NADA guide has this mobile home at $8,462. 

Is there something I am missing that an investor wants?  

[David Zheng]

I've tried this method several times and have only landed funding from close friends and family who know and trust me. Its too easy to run off with $8000. Even a contract for this amount wouldn't really be worth it because suing you for stealing it will cost probably up to half the amount.

Honestly at $8000 you should have the money yourself or get that from relatives. It's not really worth getting an investor for.