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Updated about 4 years ago on . Most recent reply

Martha Daisley's profile image
Martha Daisley's profile image
Martha Daisley
  • Rental Property Investor
  • from Orlando, FL
  • Member since Dec 6, 2016
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Martha Daisley's profile image
Martha Daisley's profile image
Martha Daisley
  • Rental Property Investor
  • from Orlando, FL
  • Member since Dec 6, 2016
Connect
Martha Daisley
  • Rental Property Investor
  • Orlando, FL
13
Votes |
111
Posts
Private Lending & Conventional Mortgage Advice

How to set up a private money agreement

Martha Daisley
  • Rental Property Investor
  • Orlando, FL
Posted

Hello!

For anyone here that has lent out money as a private lender , I have a few questions. How do you vet the person you are lending to?  What type of agreement/contract is needed ?  And finally, if they dont pay, do you get the property they are working on or does what you lent them just become a lien against the property?

  • Martha Daisley
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