questions about funding

[Jerome C Brown]

hey guys im in another pickle so i have some really good people trying to invest in one of my projects and i dont want to mess this up I have they are asking for a document from me to explain where the funds will go like how will i allocate the funds. I have a general contractor who will go with me an measure everything an give me a price list an what labor would cost. so my question is is that what I would use plus the purchase price of the contract as well to send to the investor? should I just type it up in a regular document or put it in a spreadsheet of some sort? what do you guys think

[Nathan Murith]

@Jerome C Brown, I am assuming you are talking about a private individual(s) lending you money for an purchase and rehab?

If that is the case, one of the beautiful things of working with private money lenders is you can create the rules. There is not official or formal document or process you have to follow, it’s whatever works for you and the lender.

I like to be as detailed and complete as I possibly can. I actually have a standard packet that I like to put together for each project.

If you are interested in seeing that, I am happy to share it. Reach out, connect, and DM me