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Installments Fixed Rate Promissory Note Secured by Personal Property for Idaho Idaho Form

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Installments Fixed Rate Promissory Note Secured by Personal Property for Idaho Idaho Form

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hi I'm Dolly a founder of StreetWise mortgages and today we are going to talk about promissory notes activity notes is a financing tool that I hear about a lot within the real estate investment community uh I'm not a big fan of Promise Reynolds but I do understand that there is a place for such type of money for both Real Estate Investors as well as for lenders who are looking to earn a higher return today I want to explain what a promissory note is and inform you as an investor whether you're borrowing or lending money on the risks that come with this financing strategy so let's talk about what a promissory note is a promissory note essentially is a loan to a borrower that is unsecured it is really about the promise to return the money so the borrower signs a piece of paper that says that they are committed to returning this money back to you as a lender and that piece of paper outlines the terms of the loan so how long are you lending the money for wha

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