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Updated over 3 years ago on . Most recent reply
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How to Structure Deals With Friends/Family
How have you structured loans/financing with friends and family? I may have some family interested but I'm not sure how to structure a deal with them. Please provide any success stories and/or failures and any other creative ideas you may have.
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I use family and friends money all the time and I treat them just like I would any other investor. On Home purchases they get a mortgage that gets recorded and a promissory note. Of course consult with your attorney and closing company but I'll be happy to provide you with a copy of the documents I use if you need an example.