Found Money, How do I Accept It

[Osazee Edebiri]

Hi BP,

I am working on the Brrrr strategy right now and I have found a few people who are interested in being private investors for me.

The part I am confused on is I have been told that we just go to an an Escrow Company and sign a mortgage deed.

Can someone help me elaborate on that part of the process? 

Do I need a real estate license to collect private money from friends?

I plan to pay a monthly ROI and at the end we would split any profit over.

Do we just show up at Title Company and say we want to fill out Mortage Deed and put in the terms, or do I need to have something filled out beforehand?