Updated almost 5 years ago on . Most recent reply
How to set up a private money agreement
Hello!
For anyone here that has lent out money as a private lender , I have a few questions. How do you vet the person you are lending to? What type of agreement/contract is needed ? And finally, if they dont pay, do you get the property they are working on or does what you lent them just become a lien against the property?