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Updated over 1 year ago, 08/20/2023
Promissory Note
Hey folks,
So I have approached some family members and have a few that would like to start investing in real estate. I would be the muscle and they are the $. Does anybody have an example of a promissory note I could use as a template. I understand the jist of what should be in that document but I don't want to miss something important. If they are funding the rehab portion, what other folks need to look over the document (title company or attorney)? Since this is for rehab only, with no position on the asset, is it just as simple as a payment contract between 2 parties?
Thanks