In Need of Investment Contract
Hey BP!
I am preparing all docs/strategy on my first (on purpose) flip. I have collected all property docs, title docs etc, will be going to go to my first foreclosure auction next Thursday and am in need of a investor agreement/contract.
The plan currently is to fund this flip (price at foreclosure sale + reno) by private money at a 10% interest rate with no payments until closing, after the flip.
I looked through all the contracts available here on BP and none of them seemed like the right fit. Do any of you have a contract I might be able to use as a template? I would really appreciate it a ton! And, any other insight into things I may be overlooking. A little nervous!