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Updated over 5 years ago on . Most recent reply

Liam Morris's profile image
Liam Morris's profile image
Liam Morris
  • Real Estate Agent
  • from Peters Township/McMurray, PA
  • Member since Sep 19, 2016
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User Stats

20
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3
Votes
Liam Morris's profile image
Liam Morris's profile image
Liam Morris
  • Real Estate Agent
  • from Peters Township/McMurray, PA
  • Member since Sep 19, 2016
Connect
Liam Morris
  • Real Estate Agent
  • Peters Township/McMurray, PA
3
Votes |
20
Posts
Creative Real Estate Financing

First Flip - Borrowing Questions

Liam Morris
  • Real Estate Agent
  • Peters Township/McMurray, PA
Posted

Planning to do our first flip in the next couple weeks.

Taking an unsecured loan from the bank, savings, and borrowing money from 1-2 friends.

What advice do you have for making sure the friends’ investments are secure and safe? I was thinking of filing a primary lien on the property to secure their investment (hard money - interest deferred format). Anyone have recommendation on forms or process of doing this?

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