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Updated over 4 years ago on . Most recent reply

User Stats

438
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352
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Marc C.
  • Buy-and-Hold Rental Investor
  • Santa Fe, NM
352
Votes |
438
Posts

Private Lenders: What mortgage/net forms do you use?

Marc C.
  • Buy-and-Hold Rental Investor
  • Santa Fe, NM
Posted

Hello Experienced Private Lenders: 

I am in the process of putting together my first private money investment: Loaning $90,000 to a couple from my Mastermind group for a fix-and-flip for 6 mos. When I have borrowed privately before, I just used the appropriate Fannie Mae note and mortgage forms for my state. Can I use those for this purpose as well? Are there any fix-and-flip particular clauses I should add? 

Thanks in advance, 

Marc C

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