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Updated over 7 years ago on . Most recent reply

Alberto Cordova's profile image
Alberto Cordova's profile image
Alberto Cordova
  • Realtor
  • from Brownsville, TX
  • Member since Sep 28, 2014
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Alberto Cordova's profile image
Alberto Cordova's profile image
Alberto Cordova
  • Realtor
  • from Brownsville, TX
  • Member since Sep 28, 2014
Connect
Alberto Cordova
  • Realtor
  • Brownsville, TX
12
Votes |
66
Posts
Buying & Selling Real Estate

Private Money Paperwork

Alberto Cordova
  • Realtor
  • Brownsville, TX
Posted

Hello BP Community, 

For Private Money lending is there any specific paperwork involved? If so does it need to be taken to an attorney? The reason I ask is because if the other person does not pay the PM Lender the money back I assume there would be consequences? 

For PM what is the usual % rate that is lend out?

Thank you all in advance.

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