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Download Promissory Note Template:

A promissory note is a legal instrument that functions like an IOU; it lists that the borrower agrees to pay back the loan and outlines the repayment terms. Typically, a promissory note is an agreement not regulated by the government—used for notes like private loans. This can be a great way to either borrow or lend, depending on your specific financial goals.

In this video, Natali and I are discussing some ground rules for setting up promissory notes. We’ll talk about the basic mechanics, why and how to set up a promissory note, and sharing how to get a promissory note template!

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21 COMMENTS

  1. Atlantianreborn Posted on June 29, 2020 at 4:07 pm

    Your cheat sheet link does not work?

    Reply
  2. 222222e Posted on June 29, 2020 at 4:07 pm

    Wow! I can't believe you're giving this information for free. Most people don't comprehend that debt is actually an asset, as long as you're the creditor.

    Reply
  3. Dashad Darville Posted on June 29, 2020 at 4:07 pm

    Your signature is literally worth millions

    Reply
  4. Dashad Darville Posted on June 29, 2020 at 4:07 pm

    This couple is a sell out. A promossary note is money to that of the value of federal notes-bill you can pay off debts directly with a promossary note you created out of thin air by the signing of your signature

    Reply
  5. Dashad Darville Posted on June 29, 2020 at 4:07 pm

    It's obvious their lying when you don't know the truth you'll be a slave all your life

    Reply
  6. Dashad Darville Posted on June 29, 2020 at 4:07 pm

    Their deceiving you that's not the function of a promossary note that's the process the banks wants the sheeps to believe

    Reply
  7. Mike M Posted on June 29, 2020 at 4:07 pm

    Why would you use worthless federal Reserve notes too create a promissory note have you lost your marbles seriously. The people are the holders in due course the people are the creditor's / payors not the recipient / debtor's idiot's my god who do you work for lol .

    Reply
  8. oh damn its that guy Posted on June 29, 2020 at 4:07 pm

    Are you two going to talk about SELLING THE NOTE here? Because you can do that!!

    Reply
  9. Mathus Vaiaoga Posted on June 29, 2020 at 4:07 pm

    What would you do if it defaults?

    Reply
  10. j.d. r. Posted on June 29, 2020 at 4:07 pm

    I think you can get 3% right now in investment grade corporate bonds and 2% in an Ally savings account.

    Reply
  11. Dorothy Wiggins Posted on June 29, 2020 at 4:07 pm

    U cannot borrow the down payment on a house. U must explain with paper trail where ur down payment coming from.

    Reply
  12. MrStebe120 Posted on June 29, 2020 at 4:07 pm

    So like debt?

    Reply
  13. PlanesTrainsAutos Posted on June 29, 2020 at 4:07 pm

    Guy I work with does this way of making wealth. He’s been doing it for decades.

    Reply
  14. Dave Herros Posted on June 29, 2020 at 4:07 pm

    Always great info on this channel. Thanks!

    Reply
  15. Roberta WH Posted on June 29, 2020 at 4:07 pm

    We are in that situation, we are not qualified for traditional loans because of our student loans. We have 2 businesses and co owner another large business but still can’t qualify because we did go in debt to create those businesses. We rent our current home because we want to live in a good school district but we wanted a loan to buy a house to rent to others because we believe in acquiring assets not liability. Because we can’t get a conventional loan we are trying to save the money to buy our first rental property so it is taking longer for us. We need to find a good investor to do a promissory note😂😂

    Reply
  16. Skippybilly Skippybilly Posted on June 29, 2020 at 4:07 pm

    I dk about this. If they can’t borrow from the bank, it’s because there is a good reason. Most likely they will not pay you back and there is no way to get that money back lol

    Reply
  17. Radical Cosmology Posted on June 29, 2020 at 4:07 pm

    Natalie you are priceless.. What is your ethnicity?

    Reply
  18. That Guy Posted on June 29, 2020 at 4:07 pm

    I been wanting to ask you about notes for a good minute now. I am currently taking a class by Jeff Armstrong the 4th notorious note buyer in the United States. its like owning rental property.

    Reply
  19. gedeo Posted on June 29, 2020 at 4:07 pm

    what camera are you using??? plz quality is 👌

    Reply
  20. Tony Peters Posted on June 29, 2020 at 4:07 pm

    Good stuff. I can see myself on both sides of the equation.

    Reply
  21. Shane Hummus - The Success GPS Posted on June 29, 2020 at 4:07 pm

    Nice Morris. This is a new lesson for me. Learning from your channel for a long time now.

    Reply
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