One way to be able to purchase at auction is if you have the cash for the initial purchase then turn around and take a loan out with private money on the property.

Personally, I don't look for privates, I look for opportunities, this is, problems that I can solve.So, first know what you want.

The "owner" then contacted me and said that the bank is owed nothing on the property because of their private mortgage insurance.

Private Money Lenders and Hard Money LendersHello  So my question is since i am new to real estate what is the best way to get funding for a deal if your credit is not the best and your capital is not where you would like it to be ?

Can 2 private investors fund one deal, one at 80% and the other at 20% to make it 100% funding?

Can they make private loans with or without a lien, invest using their own name, a limited partnership, etc?

What about a mall compared to a hotel or multi-family, maybe a for profit hospital or private airport or a race track, they all involve real estate and they all have toilets. :) 

She told me that they have access to numerous private lenders and essentially act as a PL and HML broker.  

When lending private money is there a downside to having your own name on the recorded documents?

Taxes,insurance,vacancy We will tell you if we think it is a dealI will finance it through a private lender at about 4.5%.