Looking for info regarding working with a partner that has the ca

[David Garcia]

Hello BP, I am new to biggerpockets and have been researching RE for about 6 months. With all of the great info here on BP, YouTube and reading RE investing books I have soaked in a lot of info. I am looking to buy my first multifamily within the next 3-6 months and have a question on partnering with someone who has the funds for the down payment. I do have my own cash/HELOC as well but am curious on how it works when using a partners funds. How does that normally work as far as repayment? Do I pay them part of the monthly cash flow I receive? Is it a lump sum payment when I refinance down the road? How does the partnering usually work as far as paying back the funds borrowed from my partner? I want to thank you in advance for any insight and help anyone can provide.