Private funding for multi-family

[Chris Parsnow]

Hi All,

I am looking to buy & hold a 4 unit multi-family that is 100% occupied in a highly desirable area near a university. I plan on funding 70% of the deal by using a loan but would like to get private funding to cover the remaining 30%. Does this approach make sense if I am offering 8% return for the private investor?

I do not currently have the property under contract as this would be my first deal in a couple years. I have experience in property management and am a licensed contractor so I plan on taking care of that with my existing business.

Thanks for any help

Chris