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Updated about 9 years ago on . Most recent reply

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136
Posts
5
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Mike Nelson
  • Investor
  • Miami, FL
5
Votes |
136
Posts

Securing private notes from friends and family

Mike Nelson
  • Investor
  • Miami, FL
Posted

My Girlfriend was kind enough to lend me $50k for my last flip.  Going forward, in case something happens to me (death) what is the best way to secure here money?  Is a signed note good enough, or do we need to record it as a security instrument with the county every time?  I am obviously not up to speed on private lending.  

Most Popular Reply

User Stats

47
Posts
7
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Ian MacIntyre
  • Richmond, TX
7
Votes |
47
Posts
Ian MacIntyre
  • Richmond, TX
Replied

Also, make sure that it is written by a professional in the field. 

Money and family can get ugly.

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