Creatively financing my 1st deal

[Miesha B.]

Does anyone have any ideas on what a fair return  would be when apporaching certain family members or associates for the purpose of investing some extra money they have in my 1st buy and hold real estate purchase.  

Trying to get some reasonable ideas.  Would I propose a  6-8% return on their investment within a year and/or 20% of the price that the home sells for if it is ever sold. My logic is to offer them more of a return that they are getting with thier money in a savings account for the year.   I am not looking for them to use thier credit, but  only seeking additional finances to help me fund my 1st deal.

Any suggestions, things to beware of etc......all greatly appreicated.