what legal docs should be required when lending private money

[Ramon Moreno]

I was asked if i would like to be a private lender on a flip and im considering jumping in on the deal. Im just wondering what legal docs i should require.

[Chris Titcomb]

@Ramon Moreno, if you're giving money you should document that with a Note, and if you're going to secure the borrowers obligations with the property being used as collateral, you'll need a Mortgage.  Check out: https://www.fanniemae.com/singlefamily/security-in...

Good luck with your deal!