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Updated over 4 years ago on . Most recent reply
Do anyone have a template for private money agreement with friend
I have been buying fix and flips along with brrr deals doe 4 years now. It has fought the attention of a few friends that have asked to put some money in for a return. I will still be using majority of my own money and offering them a 10% return. I have 3 deals lined up but I want to make sure I have the paperwork correct before taking any money. Does anyone have a template of reference I could work from and then take to my attorney if needed to verify everything. I have been reading “Raising private capital” along with anything else I can get my hand on.Any information would be appreciated. Thanks!
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#5 Medium-Term Rentals Contributor
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- Youngstown, OH
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#5 Medium-Term Rentals Contributor
- Investor
- Youngstown, OH
The BiggerPockets FilePlace may have a template for you. But you're going to need to go over it with an attorney.