Mortgage Contractor with Investor
Does anyone know how to create a mortgage note for an investor that wants to have the property as collateral while I'm fixing it? The plan is to sell in 6 months after the rehab is done.
My investor is putting up all the money to buy and rehab my property. All he wants from me is a mortgage note that he just needs to sign. Then he'll send me the check for the full amount of the rehab. Basically, he wants the house as collateral.