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Updated about 8 years ago on . Most recent reply

User Stats

56
Posts
21
Votes
Gerald Marshall
  • Investor
  • Cumming, GA
21
Votes |
56
Posts

Private Money

Gerald Marshall
  • Investor
  • Cumming, GA
Posted

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?  

Most Popular Reply

User Stats

2,283
Posts
1,102
Votes
Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
1,102
Votes |
2,283
Posts
Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

Get to an attorney and put this relationship in writing to protect both of you and your friendship 

  • Charlie Fitzgerald
  • Loading replies...