Documents for Private money lending in Indiana
Hey BP,
I am looking to do out of state fix and flips in Indiana and I have a first time private money lender that is willing to lend money for a purchase. I reside in Oregon while the private money lender resides in California. I understand with most circumstances regarding hard money/private money, the documents/requirements typically vary on what the lender wants. I was just looking to see if anyone knows what documents are required for the state of Indiana.
From my understanding, the documents include:
-Note
-Deed of Trust
-Purchase Contract
-Preliminary Title Report
- Use of Loan Proceeds Statement
Just wondering if there’s anything I am missing to avoid any laws being broken, etc.
Thanks,
Dexter