I'm currently working on a new construction and my parents are wanting to fund the deal. We're hoping to have some sort of legal contract in place, but would rather not pay for a lawyer to draft something, when I'm sure that it's the type of contract that is pretty easily stereotyped. Does anyone happen to have a contract template for a basic loan from a private lender?
Hey @Lucas Amuchastegui I was considering a similar thing with my family as well. Let me know what you find out.
Also, I have considered lending to other investors so what you find may help me get educated there too.