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Updated over 4 years ago,

User Stats

40
Posts
37
Votes
Robert Gorra
  • Contractor
  • Philadelphia, PA
37
Votes |
40
Posts

Mortgage Contractor with Investor

Robert Gorra
  • Contractor
  • Philadelphia, PA
Posted

Does anyone know how to create a mortgage note for an investor that wants to have the property as collateral while I'm fixing it?  The plan is to sell in 6 months after the rehab is done.

My investor is putting up all the money to buy and rehab my property.  All he wants from me is a mortgage note that he just needs to sign.  Then he'll send me the check for the full amount of the rehab.  Basically, he wants the house as collateral.

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