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Updated over 5 years ago on . Most recent reply presented by

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66
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Jordan Northrup
  • Rental Property Investor
  • Stafford, VA
23
Votes |
66
Posts

Private money contracts for BRRRR investor

Jordan Northrup
  • Rental Property Investor
  • Stafford, VA
Posted

Hey all, so I know someone with significant cash resources they'd like to put to work. I'd like to find a sample contract that I could create so that the lender is protected and I have a promissory note that holds me accountable and that proves where the money came from when it comes time for refinance (and taxes). 

Am I thinking on the right track here? Does anyone have a contract I use?

  • Jordan Northrup
  • Most Popular Reply

    User Stats

    1,573
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    Whitney Hutten
    #3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Rental Property Investor
    • Boulder, CO
    1,152
    Votes |
    1,573
    Posts
    Whitney Hutten
    #3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Rental Property Investor
    • Boulder, CO
    Replied

    @Jordan Northrup You can probably get a JV or Lending contract template from a local attorney for probably an hour of their time. This is great as you can then use it over and over again as you can her money if you knock it out of the park!

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