Your opinion: 3 people flip loan deal:

[Assaf Kehati]

Hi everyone:

The deal briefly is: we are 3 people. People 1 and 2 (which is me and another person) are given a loan with fixed interset to a third person to flip a house. Each one of us (including) the 3rd person are putting $50K each.

We already agreed on the interest rate and loan period, what else should we included in the agreement?

Thank you.