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

Your profession can be a huge source of private money for deals through self directed IRA's.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

So unless they are providing a gold standard experience for your guests (free airport pickup, daily briefings on what is happening in the area with a half day guided tour at no charge) I think you may be paying way too much.

I do not have a private lender to get a home but have a lender willing to fund the rehab cost if needed.

If payments are slow or in default the examination can go deeper.Then if it's discovered that you misrepresented things, you could have problems.It's irrelevant if you know of someone who lied on a mortgage/loan application or if you know someone who says they know someone who did, or the amount you put down, or good intentions, knowingly presenting false information or obtaining a loan by deceiving an insured lender is a felony.I suggest you seek other financing options, with your down payment there should be seller financing options available, partner with another, if you have a retirement account you might be able to change accounts and borrow from yourself, seek private investors, do an installment deal like an option to be financed in the future in 3 or 5 years later.

He claims to keep everything private to avoid lawsuits while running around the country telling everyone how much money he has.As I said before, he has lied about large and small things.

The property will be held in my name, but I'm using private funds to buy the property.

My company offers private money construction loans.

Here you will find private money sources, rehabbers and wholesalers.Two Great reads, I bought both J.

Perhaps it's something that can be bid competitively to increase return.Paying a commercial general contractor and HVAC tech to tour the property with you would be money well spent.