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Updated about 8 years ago on . Most recent reply

Andrew Lemmie's profile image
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Andrew Lemmie
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Andrew Lemmie
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Andrew Lemmie
  • Investor
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Creative Real Estate Financing

Loaning money to complete new construction

Andrew Lemmie
  • Investor
  • Minneapolis, MN
Posted

I buddy of mine has ask if I would be willing to invest $20,000 so that he can finish a new house he has been building. That house is near completion. 

If I choose to invest how do I protect my investment and are is there information I need to know to protect myself?

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Wayne Brooks#1 Foreclosures Contributor
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
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Replied

Of course, you need to know if there is already an existing mtg, which would be ahead of you.

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