Posted by Corey Curwick of Private Money Utah on September 25, 2012

Some of us have more exposure to first liens opposed to second liens or more institutional opposed to private or even specific collateral variations.

Because its a private seller it would be simpler for you to write a purchase agreement between you and the seller.

I have not spoken to any banks or private money yet but I know these are important metrics that need to be figured out before I approach them.

And some sellers will put in deed restrictions that limit your ability to re-sell the house for some period of time.Better to get out there and beat the bush for private sellers.

I look forward to the feedback.NOTE: I realize that private money is typically just that -- private -- but it seems like there is something amiss here....

I assume you are looking to buy property to rent (versus private lending or flipping).

I'm looking at MLS listings, because I'm not finding private motivated sellers in my neck of the woods.

It may just give you some investment ideas.http://www.bloomberg.com/news/2012-01-31/foreclosures-draw-private-equity-as-u-s-selling-200-000-homes-mortgages.Single-family real estate investment trusts (REITs) are springing up in response to the rise in availability of distressed properties.

I use a private lender which gives me his bank statement as well as a letter saying he will finance me for the amount (POF).