Your profession should be the source of all the private money you will need.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I'm brainstorming different ways to raise capital for my first RE deal and I have questions about private money.If a private investor, let's say a person at a local REI meetup, agrees to invest in my business how does the process work?

Please feel free to private message me.

Does she ned to close on the property first and then we work out a private deal between her and I (would this be a wrap-around mortgage)?  

@Tia PowellWelcome.Your profession should be the source of all the private money you will need.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

My first deal was a trailer in plainview, ne on a private lot.

If you wish to be a little confidential, send me a private message. 

In short, if you want a seller-carryback note created on or after January 1, 2014, if it is a private individual, trust, or estate, then ask them to sign an affidavit saying that they have not done more than three in a 12-month period and how many of them had balloons.

The result is that whereas 5 years ago passive investors expected little more than an investment summary, investors now expect (and demand) a private placement memorandum, subscription agreement, attorneys opinion, tax opinion, and full compliance with the securities regulatory environment, even on smaller deals. 

I have read about private lenders here on Biggerpockets, and even researched the lenders on the directory it seems the ones that deal with the location I am interested in (GA) only finance fix and flips.