Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 11 years ago,
Private money lending
I would like to take a loan from a family member, and wonder what documentation I would need. I am planning on having them be the lienholder on the property, with a fixed interest rate and no payments until I sell the property. The property I want to buy is a rehab, so extra funds will be included to fund the construction.