Promissory Notes- Is this the way to go?

[Jorge Ruiz]

Hello BP! I am excited to announce that I am embarking on my first real estate deal (wether it goes thru or not is another thing). My contribution to this deal is to provide the financing for the rehab. My initial discussion with the individual with whom I am working with is to secure my investment with a promissory note. Is this the way to go or is there something better?  Also is there anything that I need to know if I do go thru with a promissory note? Thank you all in advance and I look forward to your responses. 

Best,

Jorge