Private Lender Agreements?????
Hey folks,
I was curious what those of you who work with private lenders/individuals do in terms of setting up the agreement?
* Do you form an LP with them as limited partner, and your corporation as general partner?
* Do you produce a package of criteria together that shows them what they will get for ROI based on how much they lend, or for different types of properties?
* Do you simply create promissory notes and mortgages as the only two docuyments they would need to securitize the deal for them, along with each properties potentials to show them the ROI?
I am trying to figure out what I need to do and cover all bases. I realize that cash gets deals discounted, and gets arrearages paid, and gets REOs off the bank's inventory, etc., and I have these kind of individuals available to me, but want to approach them the right way the first time.
Any help would be so appreciated! Thanks in advance!!!!!! - Dave 
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