Finding private money

[Colin Leach]

I read a lot of posts and listen to a lot of sucessful people talk about finding money after you find the deal. I talk with people around me and no one seems to bite on wanting to get in. I assume I am talking to the wrong people. There's a property I want to move on and flip is listed at 75k. To make it work, I would need to get it for less, but I don't want to offer because I don't have the financing behind it. The property needs 25k of work (cosmetic and new roof). All fixed up it should sell for 115k. My agent thinks we might could get down to 60k. Those numbers would be 60k plus 25k for rehab for a total of 85k with another 5k for other expenses. 90k total all in, sell it and make 25k. I am more into buy and hold, but I want to flip one to get cash to get another buy and hold. I want to make the offer, but without the money behind it, I am stalled out. I just need to ask more people? Talk more? Network more?

[Jay Hinrichs]

that deal is far to tight for the Jackson market.. what agents say stuff will sell for there almost always is 10% high of reality.  

but go to the RIG meetings you will meet all the local players..  Wofford  Lucroix Harrison etc etc..