Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 07/20/2015

User Stats

34
Posts
5
Votes
Ed Kahle
  • Investor
  • Monroe, NC
5
Votes |
34
Posts

private lender agreement

Ed Kahle
  • Investor
  • Monroe, NC
Posted

I have a friend who is willing to lend me 100% needed to purchase, fix/flip properties.  He would get 15% interest with principal and interest due when I sell the property.  His loan would be secured as first lien holder for the property.  We will be investing in properties we can turn around in four to six months.  I'm a retired builder so I will be doing all the work to maintain full control and we are working with a Realtor who agreed to sell at 3%.  Presently I wholesale full time.

Question:    Is there a place outside of hiring a lawyer to find a simple  legal agreement form to use?

Loading replies...