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Updated almost 2 years ago on . Most recent reply

User Stats

25
Posts
9
Votes
Bruce Steinetz
9
Votes |
25
Posts

Guidance on structuring private loan with friends/family

Bruce Steinetz
Posted

Hello BiggerPockets community

I am looking for webinars or other guidance that can help me structure deals to borrow money from either friends or family. They may be tucked into the BiggerPockets database somewhere. However, I am not finding that as a resource.

I am also looking for example contracts that could be used as a template for borrowing from friends and family that could be signed by both parties. Can someone point me to resources along these lines?


I also have a general question: I am planning on using this money to cover either down payments or the cost of rehab. I am wondering if I have to report those loans to my conventional mortgage company

Thanks

Bruce

  • Bruce Steinetz
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