Protecting your Investor when BRRRRR'ing

[Robert Trevino]

Hi BP, I have been diving deep into the BRRRRR strategy the last few months. And there is one part that I want to be clear on. If you could help me clarify it I would greatly appreciate it! When finding a private lender, Lets say a family member or friend who is willing and able to invest more or less the entire amount for the purchase and rehab of a property. I read in the BRRRRR book that we protect the investor by putting a first mortgage in their name as to basically give them the property if the deal goes upside down.. Now is this the only way we give them peace of mind if their money is tied up in the deal? What else is put in place to prevent an investor or lender of any sort from coming after your personal property if you've taken $100k for the deal? Thank you Everyone!

[Jonathan McGee]

Fill out a Quit Claim form with them, both parties sign and notarize. If things go south, they can file the Quit Claim and take over all your rights and interest in the property.