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All Forum Posts by: Lueann Curney

Lueann Curney has started 1 posts and replied 1 times.

Starting Out

Post: Newbie Stumped on Promissory Note

Lueann CurneyPosted
  • Real Estate Investor
  • Posts 1
  • Votes 0

I am using a loan from a friend to help fund our first deal but we don't have a specific property under contract as yet. How do you structure the promissory note when you need to secure the lender's interest with the real estate you intend to buy. I have seen many promissory notes that relate to real estate that naturally leave a blank line to input the property's address as the security for the loan. How would I handle this issue?

I appreciate any suggestions/advice

-Hurricane Sandy

0 Votes