All Forum Posts by: Henry Holmes

Hey thanks guys!

Before I post again I should learn the lingo. 

Thanks for clearing that up. 

Wish you all the best of luck out there and have a Merry Christmas!

The lender is a friends father and he says he will buy the property and let me rehab we split the profits.  

I don't want my friends father to get greedy and cheat me out of the flip. 

How can I protect myself? Where do I get a deed of trust or mortgage for the father to sign?

Thanks!

Now how do I not get cheated out of the deal by them.

If he buys the property and I do the rehab, what stops him from selling with and keeping all the profits?

He already told me that it's only him on title  

Hello All,

New to the site, very excited to get involved with REI.

I am thankful that everyone is open with there experiences and I'm glad I join joined. 

My question is how to I avoid problems with getting with a private lender on a purchase?

I have found quite a few properties that I would like to rehab. 

Thanks!