Private Financing and Equity stakes in partnerships

[Jacob Paisley]

I'm a newbie (senior in high school) but I know the day I turn 18 real estate is my path to wealth and financial freedom. Specifically I would like to get into small multifamily properties and possibly brrrr-ing them I already have secured a private lender who has capital. My question is on two things. 1.) would I request simply a loan of private money to supply the money for the down payment. Or would I request a loan from the private lender to completely pay off the property. Could be a dumb question but I might as well ask it. 2.) If the capital provider wants stakes and equity on the property is there a typical way to determine who gets what percent of the stake in property? Just curious how that process may work in a small multi family purchase process.