I’ve never seen anybody ask this question before, if you find an investor that is willing to lend you some money. What kind of returns do you give them? Also how do your write a 2nd mortgage to secure their funds? Do you write a note and then record a memorandum?
Thanks!
yes, write a promissory note to them and record it
the amount of profit they want is up to them. u can expect anywhere from 5-18% interest, depending on state usury laws and 1-10 pnts, maybe more, of course it all depends on the amount u borrow as well as the seasoning and stature of the investor.