How to Draft a Promissory Note and Deed to Private Investor

[Nazz Wang]

Hi BP family,

Through what avenue do you actually draft a promissory note and mortgage deed for a private investor?
I have finally convinced a private investor to carry a 65% ARV note on a property of mine. This is not a new purchase, but a cash out refi. The mortgagee would have first lien. The LLC is in wisconsin, I the owner lives in CA and the investor lives in CA.
This is my first time with private investors. How are you drafting your notes and mortgage deeds?

I saw numerous online do-it-yourself lawyer websites and did try one out. It wasn't too complicated, and I understand I would need to notarized the docs and file them with the recorder's office. It almost seemed too easy and cheap for me. Is this what everyone is doing?
I also contacted a few title companies. they don't do it. So I did call some attorneys and am waiting to hear back.
Any insights?
Thanks.
Nazz

[Lisa Kohl]

Depending on your state title companies can draw one up too for a small fee.