I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?

Correction: FDIChttp://www.fdic.gov/bank/individual/failed/silverstate.html On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

Hello all, this is how i spend my days(Phase 1 get my mind right)- Pray- Meditate - Exercise & go Jogging - Take a warm shower (while listening to relaxing music)- Eat a good breakfast(Phase 2 take care of business)- Check and respond to both my email and voicemail messages- Check to-do list, and complete any items due that day- Scan through that days top real estate news articles- Do a little networking through various real estate groups & forums (mainly for: education, finding deals, and building my connections) - Do at least one thing that day that normally makes me feel uneasy (I work on conquering my fears by doing them) (Phase 3 relax)- after all this, I put anything new on my to-do list to complete for the next day, then I either read a book, hang out with friends, watch a movie, or play video games.

Tomorrow I'll be presenting the contract to the banker and escrow company. one thing i'll say though is that this being our first time writing a contract directly with an individual, it has been pretty exciting even though my nerves are shot.

Is the seller willing to give you cash for the negative equityFinancing is tough right now and there are some good deals but getting into a negative equity play just because of seller financing does not make a lot of sense.

He has played no role whatever in bringing us these buyers.

Like Richard stated....join the investment group.....get with individuals who are successfully doing what you are wanting to do....then copy their process.

But I've been spoiled in the past when I could see a place and instantly get a property profile.It seems the data services are really set up so that individual investors have to go through someone else to get data.

One week later we were bombarded with newspaper reporters inquiring about our Lease and our "tenant" Of course I played dumb.

Not really asking if its probable but just possible.Let say you find an apartment complex for $1M, look at the numbers, sounds like a reasonable play and you get it under agreement.