Private Money - Equity Partner

[Terry Evans]

Hello All,

I am interested in learning more about bringing in a "equity partner" ( I believe that is what they are called) for purchasing a rental home.

There was BP podcast recently in which they discussed a technique of involving private money to purchase the home without any of the rental investors own capital, then give the private money lender a set percentage of all monthly revenue and then that same percentage in equity when the property is eventually sold.

Can someone shed some light on this?

I have the capital to do a regular down payment on a rental home, but them I am stuck at just owning one. I want many many more than one rental home and this seems like a great strategy in building a portfolio.

What kind of percentage would you expect to be fair for the monthly share, as well as the equity share when selling the home?

also,

How would one find this kind of private money lender?

Thank you all for sharing your knowledge.