Gaining Capital for Down Payment

[Nicholas Creahan]

Hey all! Total noob over here! I am wanting to get started in real estate! I am listening to the podcast like CRAZY and it is great, I love all that I am learning and it makes me excited to start and learn. One thing I am having a hard time envisioning is gaining capital… I get asking investors/family/friends for money to put as a down payment for a property, that part makes sense. How does one draw up an agreement for paying back that personal loan? Is it as a percentage? Is it over a certain time? What are some other ways to raise capital, since funds are limited (I have a couple thousand as reserves, but would like to use very little of my own money to start)? How does paying those debts back look like? 

Thanks in advance! Happy investing! 

-Nick