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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceShort Term Loan from Friend 6k for Six Months
Jeff Nichols's profile image
Jeff Nichols's profile image
Jeff Nichols
  • from KnoxvilleTN
  • Member since Jun 23, 2016
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18
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2
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Jeff Nichols's profile image
Jeff Nichols's profile image
Jeff Nichols
  • from KnoxvilleTN
  • Member since Jun 23, 2016
Connect
Jeff Nichols
  • KnoxvilleTN
2
Votes |
18
Posts
Private Lending & Conventional Mortgage Advice

Short Term Loan from Friend 6k for Six Months

Jeff Nichols
  • KnoxvilleTN
Posted Sep 22 2019, 12:07

I’m getting a loan from a friend for 6k for six months for a 1000 fee to help close a house I’m flipping. Should I use a lawyer or just write up an agreement and both of Sign?

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