Is 10% a fair rate for a personal loan and would you charge any points?

Start with getting rid of high interest, “dead weight” debt ( cars, credit cards, personal loans, student loans, etc.).

They then sold that and bought a 250 unit in OKC all C and D class and had to move there as they almost lost  it in foreclosure.. took 5 years of them living there and managing it personally to stablize and finally sell.. then bought a 20 uniit back in Oregon where it all started.. this over the course of a few decades.

@Gerardo Waisbaum, is this personal capital or LP capital?

Can you personally get that right now?

if you buy a property at market price in a good neighborhood - you will break even or lose money.and in general, if you're serious about this, i'd recommend going to your chosen market in person, probably multiple times, to set up your team. 

I just liked the personal touch of the outreach with some value-add. 

@Corben BriggsYour attorney would be by far the best person to get this document from as they will know the property, what it needs to say and state laws surrounding it

I am trying to raise the 10% down and bring in a partner or GAP loan person.

I didn't want to put my personal information on here.