I have a private lender willing to lend money. What next? Do I need an attorney to help?Where do I put the money?How do I secure it?
In my opinion you should have an attorney draw things up but you and the lender need to hash out the details. Is he going to give you a chunk of money for you to invest or is he going to finance particular purchases.
You need to find out the security he wants. If he lends on a per property basis you can give him a lien on the property.
If he doesn’t want a lien and is willing to be unsecured it can just be a simple promissory note. That is pretty risky for him.