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Updated almost 2 years ago,
Guidance on structuring private loan with friends/family
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