Private Money Mortgage

[Brady Moxham]

First time investor. I have found a nice 100K house (3 bed 1 bath) in good shape that would rent for 1200 plus utilities, in my area. Currently, I would not be able to put the 25% down that the bank would require. Would it make sense to carry the loan with a private money lender? Would they typically take a 15% or lower down payment? I also already have a tenant that is looking to rent a house with this exact stats. for 1300 a month plus utilities. Any suggestions would be great.