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Updated almost 5 years ago on . Most recent reply

User Stats

5
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4
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Dexter Lopez
  • Investor
  • Portland, OR
4
Votes |
5
Posts

Documents for Private money lending in Indiana

Dexter Lopez
  • Investor
  • Portland, OR
Posted

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

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