Help with syndication

[Paul D.]

Hey BP!

      I have been planning for some time now on how I am going to purchase my first deal and start my real estate business investment. I would like to house hack a duplex or possibly a larger multi-family. I am trying to come up with some creative financing. I am planning on putting money down, but I wanted to also try to syndicate some money as well from people and friends I know.

     If I wanted to raise capital through syndication how exactly does that work with paying them back or presenting them the idea? I want to make sure I create a successful deal and make sure everyone is happy at the end and gain some trust for further investments as well. 

     Im curious of what percentage to pay them back with and also wondering if there is anything else out there that I do not know of that I should know. Any information about this topic would be greatly appreciated! please drop some links here as well on the topic that you think I can read and gain knowledge from. 

Thanks BP