How to use other people's money? 3 Different Scenarios

[Cassidy Burns]

Question: I have recently come along a few individuals that like what I am doing in the real estate world and want to invest some money with me  and get involved. I have a few different types of "private lenders":

Scenario 1.) Individual that will lend me $$ at 7% to purchase properties and just pay him interest only. What is the best way to utilize this money? Purchase something with Cash below appraised value using his money, pay the interest, and then get a loan pull all the $$ out, pay him back and then have a loan with essentially no money down?

Scenario 2.) 3 individuals who have $10,000 and want to receive 5-8% continuous rate of return and continue to invest their return into the business and then pull it out in 5 years.

3.) 2 Guys that want to partner in the purchase of a larger apartment building? Form a LLC so we are 33% owners? They would supply the money and I am doing the sweat equity.

Any help/advice is greatly appreciated.

Thank you!