So if they determine the lien is $1M, then they could choose to reimburse you the purchase price and you have been made whole. 

Thats what makes our job as accountants so fun.

I would love to connect and just get an idea of how/what/when/why to become a private lender.I know there are so many avenues and paths within real estate i just want to explore this one a bit moreThanks

I personally have never done it, so I'm not saying it can't be done, but may have to vacancy issues.  

The value of the property is around $130-140k, so 64-69%.

So quick backstory about me..

Also, ensure whoever you utilize does not have a pre payment penalty or its low so you have the ability to refinance after a year of stabalizing the property.

With interest rates being so high, raising equity through a fund allows you to spread the risk and reduce the debt amount. * The biggest advantage of a customizable fund is that it can be used for very small deals and raising very small amounts.

I will be making another purchase by June of next year, so there is plenty of time to find my perfect market. 

I already have a primary residence and another quadriplex, so this would be my second rental property.