Documentation/contracts

[Rob Perodeau]

I must start by saying this is all brand new to me! I have been reading and absorbing all that I can. However there is something that I can't get all the way understood. When obtaining financing in a non-traditional manner such as private lenders and such. What contracts should be used in order to cover both sides and certainly make your prospective lender at ease of the situation? In John Schaubs book " how to build wealth one house at a time" he talks a bit about lease options and so on but no where can I find what is protocol when going this route. Any and all help will be greatly appreciated. Thanks in advance