Using a family member to fund 1st deal

[Eddie Martinez]

Hello Everyone,

Thanks for taking the time to read this post.

Ive talked with a family member who is willing to put the full purchase price of the 4 plex if the numbers look good.

My thoughts are that I can refi the property in a couple of years so my family member gets paid back all his money and then I assume the rest of the loan.

For the initial 2 years of repayment, what is a range of interest to pay back on that loan?

How about a percent of the cash flow when hes out?

LLC for this one?

Any insight is always appreciate from you guys. Very grateful at the opportunity.

Take care,

Eddie