Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
![Ryan Whitelaw's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/22797/1621362013-avatar-pacapps.jpg?twic=v1/output=image/crop=415x415@76x0/cover=128x128&v=2)
Need Help - Lending $24k To A Friend
I'm looking to help some friends out with their first time purchase and have some questions. This will be their primary residence and I'll be lending them $24k. Loan will be in second position and will be recorded after they close escrow. Terms are $24k with 5.0% interest only due in 10 years. My questions are:
1) Is there a good website or somewhere cheap/easy I can use to draft a note?
2) What's the process look like for recording the note?
Any info you can provide would be very helpful. Thanks in advance for your time.
~Ryan