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Updated over 12 years ago,
Securing private lender's position
Does anyone have EXPERIENCE with borrowing from multiple private lenders and securing their interest in the properties that you purchase? I'm looking for a way to give them security in a property that I purchase without naming them as a lien holder on that specific property. The idea is to have them secured each time I buy and then flip a property, but I want to avoid the time-consuming process of naming them on the property, then getting a lien release when I sell the property, only to turn around a do it again on the next property. I'm thinking there must be a way to give them a blanket security interest in any/all properties that I purchase for flipping.