Found a great deal but I do not have enough capital

[Zach Fagas]

Hey everyone.  I found a deal here in St. Louis I am really interested in buying (6 units for 450k off market) but I do not have enough capital to buy it on my own.  I wanted to reach out to some friends that have money and see if they would be interested in partnering but I do not know how to structure the partnership.  Any suggestions?

[Jeff Copeland]

Your friends can either be equity partners (form an LLC and pool your resources. Your LLC's operating agreement will dictate how and when profits and capital gains get distributed).

Or they can offer you debt financing as a private lender. This blog post explains the financing process (which is essentially the same for bank financing, private money, or seller financing).