@Patrick Parry I will shoot you a private message.

IE- you may have a hard time finding the bank to actually offer to, and when you do, depending on that bank, they may forward you to their REO broker working on their behalf.2-Assignment of the Mortgage- again, just because it says Bank of America, it could have been sold to a 3rd party, whether it be a private equity firm, small investor, or another bank, and that assignment may not yet have been recorded. 

Hi @Julian BuickThe kI would study self-directed IRAs and look into using some cash for private lending over going out and buying propertiesMaking 12% as a private lender on a Roth IRA is a pretty good idea

Though private investors are a little less selective at times.  

You may want to do a search on Linkedin for "private equity fund tax liens"

It will also keep your Social Security number private.

I will be talking with a potential investor about a private money loan and wondered what I should ask for in regard to the terms.

I want to provide her with these items im just not sure how to proceed on doing so ; Please adviseThanks :)I suggest you not write anything except the purchase contract, in that state you are  receiving a loan from private sources.

Now the best part...after I got it under agreement I put together a really nice packet to send to my hard money guys, some banks, and some potential private money lenders.

Property is worth 80,000 - 90,000Original loan was 100,000 with a property value of 120,000I would be taking over at 82,000 due on loan at 7.5% (just taking over payments on his mortgage as I can't get conventional or private money)Net income is $1550 monthlyAfter expenses it cashflows about 280 a monthProblem - He is 3 months behind on mortgageHe has owned the property since 2000 and done a lot of work to it.