Private money (not hard money - there is a huge difference) is built with time, experience and connections.

This might sound steep but in my experience that's what it usually ends up being by the time your said and done.

Most people that are successfully flipping have a flipping business with either employees on staff or enough work lined up to keep a GC happy for 6 months to a year.Its a tough business to make money in when you are doing one project at a time from a distance. 

thanks for your time!

With the election coming up is that a good time to buy?

However you've collected your fee since its easy to direct buyers how to buy the homes in markets where there's no barriers and hundreds are available at any given time, and the buyer feels like they accomplished something despite sitting on real estate that will never generate real gains. 

It's more commonly a flat fee or maybe half a month's rent.

If your nest egg is 60k, I would not get started yet if you are willing to burn half of it and can only make 1k/month between you to add to it.

The people that get killed in every down cycle are those that were banking on the future and did not have enough cash to get through the bad times.

Half or more of that money will be eaten up in closings.