Need help on PRIVATE FINANCING

[Michael Seutin]

First I don't want people confusing private financing with hard money. Here I am NOT talking about hard money lenders but only about PRIVATE FINANCING.
My Question:
I want to have access to 30 or 40k and my ideal terms would be to get the money, find the property for buy and hold, buy it ant then repay the loan over 30yr fix at prime rate (around 5 or 6%). And ad a balloon payment in 5 to 7yrs.
each payment would include 50%principal and 50% interest every month.
Now to make the lender feel comfortable I want to back up his loan with an option to foreclose on me if I don't pay according to the terms.
1. How do you set up the paperwork so that his loan is backed by my real estate, do you get a real estate attorney?
2. I work in a hospital around doctors and nurses that make pretty good money, how would you approch them for such a request:
- would you present a business card, or a type of brochure explaining the terms, how would you word it ?
- I was thinking of possibly have a business card and a website where potential private lenders would go to and see all the terms I would offer. Need help on wording and best terms..
Lastly, could I get the money first and then find the property or do I have to first spend in flying trips, hotels... to find a property but then run the risk to not find financing after that...
While I am at it, are there any credit or credit cards that offer access to 30 or 40k at less than 10% interest/?
thanks, I know that's a whole lot of questions