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All Forum Posts by: Bryce Cutler

Bryce Cutler has started 12 posts and replied 176 times.

Post: Private money contracts

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

Bill, I have created an LLC for the investor who helped with the first lien and purchase. The rehab is a small loan in the second position so I don't want to go to the expense of an attorney for the small amount.

Bryce

Post: Private money contracts

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

TJ, great question. I guess I should have clarified, this is not my first rehab, just my first time using private funds for the rehab. We both realize second position is riskier and are just looking for an easy unsecured contract/agreement.

Thanks,

Bryce

Post: Private money contracts

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

Will, it's their first deal and ours too for rehab purpose and they are just doing a small second to cover rehab costs.

Post: Private money contracts

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

Thanks Will, appreciate the advice.

Bryce

Post: Commercial lease

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

I have a residential lease that works well for me, but I have just purchased my first mixed use property and want to get a good commercial lease. What things do I need to include for a commercial tenant that I haven't had for a residential tenant?

Thanks,

Bryce

Post: Private money contracts

Bryce Cutler
Posted
  • Investor
  • Wynantskill, NY
  • Posts 178
  • Votes 77

what is the best way to create a contract for a private investor?

Thanks,

Bryce