In case you all missed it, @Jarenb put together a pretty epic blog post earlier this month where he talked about how he works with private money partners to fund his land deals.
In that blog post, he talked about how he structures his private money loans (how the profit is split, who holds title to the property, what happens if the property doesn’t sell in the allotted time, etc).
He spent a lot of time figuring out how to create a mortgage and promissory note template he could repeatedly use in his business, and he was kind enough to make them available for FREE, for those of you who might find it useful.
Download Your Copy of the 50/50 Split Mortgage and Promissory Note
Download Your Copy of the Sliding Scale Mortgage and Promissory Note
Obviously, we strongly suggest that you take these and have an attorney review and adjust them to reflect your specific market. Nevertheless, it should give you a place to start and save you money since your attorney won’t generate these documents from scratch.