Yes, because Private Money infers that you are in a negotiable deal where your project can be outside the box and you can negotiate unique terms with a private individual - that - or a big box lender with strict rules and guidelines. 

Thanks for your response.

Thank you for your response-yes I’m going to wait until 2025 and see where it goes.

If a claim is filed and the property is owned through an LLC the individual members are less likely to be named in the complaint and that above all else keeps the members name out of the docket.

I started the tax lien foreclosure and the owner redeemed with about 2 weeks to go.You have to look at each county individually to see;Do they sell OTC liens/certificatesIf they do sell OTC, do they sell OTC all year long or only in a special OTC auctionIn Florida, counties that offer OTC certificates, you can earn the full annual 18% (1.5% per month).

(I had chat GPT optimize this response, Lol)That's a good point—I have similar rentals as well.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

I wouldn't say impossible as any individual can loan you money at the end of the day as a private lender, but most lenders won't even go to 0% with experience.

Here's a revised response with a more structured format:---Hey JeffIt sounds like you’ve got a solid deal in the works, but I totally understand your concerns about the 5-year seller carry.

Thank you all for your responses.