I Want to Flip in North Carolina

[Savai Smith]

Hello!

What is the best method to go about seeking a legitimate private lender, to fund the purchase of a residential property/rehab, here in the Raleigh-Durham, NC area?  Once I successfully sell this flip, I would use my net proceeds to purchase another property to buy/hold.  

Also, one company I spoke with today stated they could finance me at 100%, but, because this would be my first transaction with them, I would be required to submit a deposit of $3,000.  According to them, this would serve as earnest money and other fees that may arise, but, would be refunded to me once I close on the rehabbed property. (Is this normal procedure?)

Any feedback will definitely be welcomed.......

Thank You,

Savai Smith