Hopefully along the way you don't ruin a friendship because, and I'm being serious here, you run a high probability of this happening if and when your friend realizes that he just gave away equity for no reason and is now stuck in a partnership where he now has one more person to deal with.

Lastly, I'm new in town and always up to networking and building friendships with people who are ambitious and have a vision. :)All best,Marco

The more you do this friendships / mentorships will organically develop.

My agent was great, treated us like family and with respect, established a friendship and I told him that this is something I’ve always looked into but needed that PROPER direction and guidance. 

Well, sort of what Jon mentioned, he's what I'd call an old salt lender, been around RE, not really the private individual who is willing to make you a loan out of love, affection or based on your friendship, not that Jon can't be loving, affectionate or even friendly!

@Bill Gulley  our local title companies prepare notes and Deeds of trust all the time.. it would be VERY rare that anyone went to an attorney for this type of small one off loan.But there are plenty of attornies here in town that could do that for this gentlemen.I think the bigger issue is he does not understand his risks of being in second position and providing 100% of the capital only to receive what is a very low rate for the risk.. but if its with a friend he knows and trusts.. that's one thing.. but like you said  friendships can end in deals like these..

One friendship will answer all your questions.

My friend, Tag Thompson, and I are assembling a Mastermind of 4-8 Christian wholesalers from throughout the Southeast (not Augusta, GA) w/ Gross Revenues ranging from $500K-$1.5M to meet in Augusta 2-4x / year to build friendships, share best practices and overcome obstacles.

Here’s what you can look forward to:    Morning coffee ☕️with your future partners and 2500+ ambitious and inspiring investors from around the country    Dozens of sessions 🧑‍🏫on every real estate strategy with professional advice to make you the best in your niche    Friendship, sunshine, and laughter at our outdoor opening event, morning yoga 🧘‍♀️, and a night at Islands of Adventure at Universal Studios🎡    The irresistible urge to close more deals using your new connections, new knowledge, and new mindset👉 GET YOUR TICKET

Personally, I've always found that mentors come when I least expect them and end up being more of a friendship.