Making a fair deal!

[Norbin Cruz]

Hi fellas,

I have an investor (family member) willing to jump in a venture with me. I'm at the stage of talking to the bank in the next coming weeks for a pre-approval. Ideally, think I posted this here, I would like a single family or duplex to buy and hold. The investor just want to give a financial help for me to accomplish my goal but does expect earnings in return. This is were I am stuck (new in the game) how can I make a fair deal for someone that doesn't want to be a property owner or managing the property (guess this is a good thing as I will have full ownership) but wants to make cash for their investment.   

If it helps, I'm thinking of purchasing something around the 150-200k and with a 20% down (half split).

Thanks all in advance and please ask to clarify if I am not making sense.

[Norbin Cruz]

Thank you Michael and Kevin for the feedback and pardon the late response. Alerts were getting stuck in my junk folder. I think I have a better understanding on private lending now - in fact Brandon covered this a bit on the webcast.  I'm meeting with the lender this weekend to discuss loan agreement and we are already on the hunt for our first BURRR!