Private Money for Sheriff Sale

[Dalton Dellinger]

I had an idea: drawing up a contract for a private money lender so we could use private money to buy properties at a sheriff sale. It would say something along the lines of "Private Money LLC agrees to lend $500,000.00 to 123 Investor LLC for the acquisition of investment properties at 12/01/2022 Sheriff Sale at 123 Main Street in Springfield, Indiana. If a property is acquired, then a 2nd contract will be created and signed based on the specific property. If no property is purchase, 123 Investor LLC will return all capital plus $500 for a convenience fee to Private Money LLC." Something along those lines. Does anyone have any recommendations? I'm in Indiana if that matters.