Using a family line of credit. Down payments or entire loan

[Thomas Bouchereau]

I have a line of credit through my father (also a real estate investor) to get my portfolio started. I am curious to see how other investors would use this if it was an option to them. The example below is purely for the ease of a response and not exactly my plan. Line of credit: $525,000 Term: 30 years Interest rate: 4% Payment: interest only Would it be better to use my father as a private lender at 4% for the whole loan plus repairs and be able to purchase between 2-4 investments or should I use him only for down payments and repairs while getting conventional financing through a bank (or refinancing after fixing and leaving just the down payment) and be able to purchase 7-10 properties. Example Purchase Scenario: 3 properties total cost: $525,000 Or 9 properties total cost: $1,500,000 Using 25% down + 10% repairs: $525,000