First property down payment private money NC

[Sathiya Gane]

Dear all,

Thanks for educating a newbie like me via your post and response. Learning a lot via discussions .

I am venturing into my First rental property in Greensboro ,North Carolina a student housing.SFR located in a muiltifamily zone potential to convert it into a Duplex.

Sale price : $290k , i am eligible for the loan [W2,Loan to Debt ratio,Credit score etc..]  

Below are couple of my questions ,

1.) Few of the lenders are fine with Downpayment in range 15% & above . Can i partner with someone towards the down payment[20%-58k + closing cost approx : $63k] will the lenders allow that .

When i say partner up i have two options 

a.)Provide equity under 50% and have him in the title

b.)Provide interest on the down payment say 8-12% similar to PML .

Financial Institution are fine with option A my query is more on option B will the financial institution allow that if so can you plz share any contact of such Institution appreciate the input.

Instead of tying up my own cash towards this SFR ,it will help me to buy more that is the intention of this question.

Appreciate your time in reading this and responding to it

Rgds,
Sathiya