Updated over 5 years ago on . Most recent reply
Private Money Loan: How to Present?
Hey BP,
I'm Jay, a Real Estate Investor in Las Vegas, Nevada. I'm looking to borrow 100,000 from my great grandma to do a BRRRR deal. I'm not sure where to start with the contract. I want to make the terms of it similar to a hard money lender so they are getting treated the same as a lender I would borrow from. How do I present the loan terms and what would they be? Plz hlp XD
Most Popular Reply
@Jay Eubank
You would draft a promissory note and mortgage / deed of trust which gets recorded.
The terms are what you agree too. I would have a local attorney draft up the documents
- Chris Seveney
7e investments
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