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Updated about 8 years ago on . Most recent reply
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Private Money
I have a family friend who is in a position to become my personal private lender. I would like to make this as easy for him as possible. Any advise on how I go about assisting him in setting up to do this. I am a moral and ethical person who wants to treat him right with a good return and protecting his financial interest with putting him as first lien holder and the such. Any advise?
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Get to an attorney and put this relationship in writing to protect both of you and your friendship