Need help on how to structure a deal

[Dustin Barr]

I currently have 6 SFH as investment properties. I have been approached by a real estate agent that has a client want to get rid of 4 duplexes and 3 SFH's. Doing drive bys all look to be in great neighborhoods and in great exterior condition, except for 1. All are currently rented and cash flowing (Per my agent) I have used all my available funds to make the down payments necessary to acquire my 1st 6 purchases. I am looking to bring in an investor to help make this deal work. I have a few people that I think would be interested in helping with this deal.

How is a deal like this laid out? I am looking for the downpayment money of 30% and the bank is willing to loan the rest. If the investor put down the 30 (not sure if it would be cash or if they would finance the 30% against some property) I was thinking a straight split on the profits for the first 5? years and then I would re-finance? Do i offer to pay them X% on the money they put in? This part of the deal is new to me and I want to have as much info as possible before I approach them and meet with my banker

Most are family members that know what I am doing and that I am successful doing it. Help me out please!