Fear is my biggest stopper :(If it was not for fear I would of been rich today

He explained that the reason why the appraisal wasn't coming out the same as the CMA, is because the one of the comps was a private sale. 

I'm about 7 days away from closing on my first real estate deal and the thought occurred to me that instead of wasting time (and closing costs) dealing with a bank for the initial loan, I could simply use myself as the source of "private money" for the entire purchase (~40k) for a home that I intend to rehab.The rehab is expected to take 3-4 weeks and I already have a reputable contractor with a written estimate in hand and the cost will be a ~25k additional (worst case) on top of that.  

I mean I had not heard about it as a viable market and I have a pretty good idea of most of the viable markets in the country.. so right there I am thinking wow.then I had done a ton of deals in the deep south and the same homes that were worth 20 to 50k in Memphis were selling for 200k in Charleston same house same condition.. and none cash flowed.. so I knew right there that these were basically all being sold to owner occs and that's where the real money is made in the flipping business unless your going to be a high volume turn key company.So then I am following Boeing pretty strongly being a private pilot.. and I understood they had battery problems with the 787 but they got those worked out..

And it is more common with regional banks.That being said, when I talk about Collateral Assignments in the podcast or my book, I'm usually talking about it in regards to 2nd liens where you utilize private investors.

For a flip I’d be looking for something way more straightforward that’s just cosmetics and then it’s easy.I was assuming actually 50-75 psf but I wasn’t sure if I should include the rooms in the house that basically just need new floors and paint.Ari I’ll send you a private message if it’s ok.

In fact the relationships your agent has is one of their biggest assets that they have in their business.

What is the easiest way to tell if a private lender is a fraud?

I mentioned this in a private reply to a message you sent me.

I'm probably going to be funding through traditional financing, seller financing or private money.