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Updated over 3 years ago,
"No Money Down" - True or False?
As a rookie investor, I'm finally at the point where I'm confidently analyzing multifamily leads where I live in FL. In listening to the stories of how investors like @Brandon Turner or Sterling White started, I'm interested to learn from the experience of other investors - is it true that partners do fund the whole down payment for a deal &/or help to qualify for the loan, or is there an expectancy for the general partner/principal to contribute at least 5% - 10% of the down payment in multifamily investing? I'm connecting with people for potential partnerships who are not family members or friends.
Also, what is a typical split on a multifamily deal with partners after the debt is serviced: 70%-30%, 80%-20%, 90% -10%?? Is it possible for such a partner to contribute to the full down payment for the multifamily deal & still agree to a split?
I would love to get your feedback - thanks for sharing in advance!