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Updated over 8 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Tyreese Gadlin
  • Cheyenne, WY
6
Votes |
41
Posts

First property

Tyreese Gadlin
  • Cheyenne, WY
Posted

Hello biggerPockets Community!  I am looking to purchase my first property, the only problem that I have is the down payment.  I would like to use a private lender for the down payment, but I do not know what to offer in return.  How much interest would be fair if was looking for a $30,000 down payment?  Or what percent equity should I offer he or she in the property? Or other creative fair terms I could structure? Thanks in advance for the advice.

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