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Updated 21 days ago, 12/09/2024

Gerald Koonce's profile image
Gerald Koonce's profile image
Gerald Koonce
  • from Newark, New Jersey
  • Member since Mar 15, 2017
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User Stats

20
Posts
6
Votes
Gerald Koonce's profile image
Gerald Koonce's profile image
Gerald Koonce
  • from Newark, New Jersey
  • Member since Mar 15, 2017
Connect
Gerald Koonce
  • Newark, NJ
6
Votes |
20
Posts
Buying & Selling Real Estate

Private Lending from Family Member

Gerald Koonce
  • Newark, NJ
Posted

Hey guys I am the process of doing my 4th investment deal.  For this deal my family member would like to loan us the money to go towards this next property rehab.  How would some of you guys go about drawing up a contract between us and the family member.  We have agreed to pay them 7% interest monthly if that helps.  

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