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Updated almost 7 years ago on . Most recent reply

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Julie Rhodes
  • Westminster, CO
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Private lender forms needed

Julie Rhodes
  • Westminster, CO
Posted

Hello BP members!  I'm hoping that some of you can point me in the right direction or offer up some advice on private money lending forms.  My husband and I have a family member willing to fund our live-in flip, but he is not gifting us the home.  He would like us to draft up the appropriate documents with our agreed upon parameters before we close on the property.  I've searched the forums and it looks like we need help from a hard money lender that is familiar with these types of forms and help from our title company - is this correct?  Thanks in advance for your help!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

in a title company state .. this is quite simple just go to title company and lay out what you want to do.

in some states the title company will ask that an attorney prep the note but again this is quite simple.

and the title company will have a referral to an attorney many times if in deed they wont prep the note..

you can literally go into office depot and buy Notes and hand fill them out.. its just fill in the blanks..

don't over think it.

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JLH Capital Partners

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