I have already spoken to DPW supervisor and the private repair person who gave the homeowners an estimate a couple of years ago (yes it’s been going on that long).Here’s the 2nd bad part - the other homeowner who shares the line is completely uncooperative and so far has said they won’t share cost of repair.

We get very creative with partners private lenders etc.

It's my understanding that cash out refis are hard to come by.You may need to get private money, obtain a huge second or refi it and then do a no cash out refi later to get where you want to be.Only two ways to get equity out, sell the property or borrow it out, borrowing has tax advantages and does limit liability in a round about way.I'd consider your cost of money and use of funds considering paying down principal on a home that was to be used for a 7 year period, you could probably do much better using it in other ways.

As Bill Gulley said, as a listing agent I don't accept these "loan preapproval" letters that guys get off the interent from some supposed internet "private money lender".

With my day job I've got lots of contacts for buyers and also some private money guys so that is not the issue.

I have friends that went to private universities and paid 2-3 times more than your standard state university and come to find out it was a waste of money.

Are you able to do this i.e. 50% and have a other job to cover your private expenses Until the business catch up?

Also how would I go about finding private investors to table fund my 24 hour flip?

@James Ng - in my state, CA, there is a class of licensed private professional fiduciaries.

I think there were two situations where it made sense to sell privately.