However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).

Here are the detailsOriginal Note:  $48,500, 8% interest, 30 years, secured by first lien on $70k property, typical note terms.Date: 12/9/2009Current Value:  $41,505Payments:  $505.88/month includes $120/month escrow for insurance and property taxes, No payment missed, 3 payments late but not by more than 30 days.Escrow:  -$800 now but payment will be increased for negative balance and increased taxes/insurance.My guess is its worth $55,340 valued at 6%

Met an investor who is seeking private lending and also partners to go in on multi family deal(s).

Image doing that from your private island. :)Now finding a sweet deal on the MLS.

to be an actual fix and flip investor / business  its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.your best bet is to put a little private network together if you really want to do this.or get your license and specialize in finding these types of properties for fix and flippers.. make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.

I don't have all the cash they want, so are my only options a private lender? 

My husband and I are realtors who want out of the rat race, and like many people, I just want security.

2 buildings, 10 units; each is 2 BR 1 bath,central H&A.Each unit has own inside laundry, secure gated property with security system.

Macs are much more resilient to all the spyware / viruses out there, hence that’s why most viruses are designed to attack Windows (macs security is much stronger).

I have also been reading up on private money and not ready for hard money just yet.