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Updated over 7 years ago,

Dan Blomquist's profile image
Dan Blomquist's profile image
Dan Blomquist
  • Investor
  • from Minneapolis, Minnesota
  • Member since Sep 8, 2017
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Dan Blomquist's profile image
Dan Blomquist's profile image
Dan Blomquist
  • Investor
  • from Minneapolis, Minnesota
  • Member since Sep 8, 2017
Connect
Dan Blomquist
  • Investor
  • Minneapolis, MN
0
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4
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Starting Out

How to set up a second mortgage

Dan Blomquist
  • Investor
  • Minneapolis, MN
Posted

I borrowed money from a relative to fund the down payment on my first investment (a duplex).  I would like to set up a promissory note with this person and record a second mortgage on the property.  How do I proceed?  Do I need to hire a real estate attorney?

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