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Updated about 6 years ago on . Most recent reply

Tom Lybyer's profile image
Tom Lybyer's profile image
Tom Lybyer
  • Member since May 13, 2018

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5
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Tom Lybyer's profile image
Tom Lybyer's profile image
Tom Lybyer
  • Member since May 13, 2018
Tom Lybyer
1
Votes |
5
Posts
Private Lending & Conventional Mortgage Advice

How to secure money I loan

Tom Lybyer
Posted

I can loan $30 k to a guy doing a remodel. He tells me 6 months and he will refi. Is there a place I can go to get info on how to secure the loan? Is a lien really that effective? Would I technically be the second? What good it that if he stops paying me but keeps the first in terms.

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