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Updated over 11 years ago,

Xuan "Swan" Redding's profile image
Xuan "Swan" Redding's profile image
Xuan "Swan" Redding
  • from Austin, Texas
  • Member since Jun 21, 2013
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User Stats

29
Posts
6
Votes
Xuan "Swan" Redding's profile image
Xuan "Swan" Redding's profile image
Xuan "Swan" Redding
  • from Austin, Texas
  • Member since Jun 21, 2013
Connect
Xuan "Swan" Redding
  • Austin, TX
6
Votes |
29
Posts
Private Lending & Conventional Mortgage Advice

Private Notes: Lump Sum vs Demand

Xuan "Swan" Redding
  • Austin, TX
Posted

Hi BP,

I am putting together hard money investors to fund flips. To protect everyone involved, we will be writing up notes for the loans.

I see on LegalZoom there are 4 types of promissory notes:
Amortized, Balloon, Lump Sum and Demand.

Any one of these better than another for structuring the flip loan?

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