GOT investors for a flip now what docs do I use?

[Jennifer Handlin]

HI... so I have 40K from three private money investors. I will be buying a house rehabbing it then selling ( hopefully with in six months)

I will be giving 9% on the money borrowed.

On the two larger investers I will be providing two houses I own free and clear as collertal.

The third is being backed with a car.

SO now what type of contracts do I need?

I won't be making any payments until I sell the house.

I will give a least one years interest, BUT have the loan set up to go two years if I don't sell it the first year.

Help! :) I've looked at mortages, promissory notes and other docs nothing seems to fit what I am looking for.

I will not be making payments, and will only pay when its sold or within two years and I would like to not RECORD anything I do... ;) ( ie a mortgage)

THANKS!!!