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Updated over 3 years ago on .

Grace A.'s profile image
Grace A.'s profile image
Grace A.
  • Investor
  • from FL
  • Member since Mar 22, 2020
  • Posts 41
  • Votes 21
  • Experience 7 Yrs
  • Investments 4
Connect

User Stats

41
Posts
21
Votes
Grace A.'s profile image
Grace A.'s profile image
Grace A.
  • Investor
  • from FL
  • Member since Mar 22, 2020
  • Posts 41
  • Votes 21
  • Experience 7 Yrs
  • Investments 4
Connect
Grace A.
  • Investor
  • FL
21
Votes |
41
Posts
General Real Estate Investing

Family member lending money for downpayment

Grace A.
  • Investor
  • FL
Posted

If a family member is lending me money to go towards a downpayment on my next investment, do I need a lawyer to create the promissory note? Or can we draft one up ourselves? Will this affect the process for conventional financing? Haven't used OPM before, any insights you have will be helpful...

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