The interest is a set percentage that is based on the balance due and is often bundled with the monthly installment of repaying the funding.

Especially if you’re making decision with huge financial decisions based on the words of non-expert strangers on a free website. 

I feel like there's some pretty cheap properties out there, and with financing involved I can get in the game for pretty minimal cash-out of pocket.

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

.🌎 Right now I'm based in Marin County, California, but I'm at a turning point in my life and figuring out where I want to move to and invest in my first property. 💫 My goal is to buy my first house hack, but I am priced out of the California market unless I want to go the condo route.

For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

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based on my calculations, I've decided on term life, 20 years, 2 million.   

So, again, we have to do their job and chase the seller for that info.So, based upon our 24+ years of experience with agents in these capacities, we're all for raising the bar!