I've Received a golden egg and I am unsure where to take it.

[Tyler Demeter]

Hello all, 

I am brand new to investing. I have been given a golden opportunity with a private lender and I could use some guidance as to where I could use the money. The lender has agreed to finance the entire purchase of a home with the expectation of 10% return of the loan price within 6 months and an additional 5% after that if not returned in 6 months.  My goal with this lender is purchasing a few flips and use the capital raised to invest in multi family rentals and eventually a handful of short-term rentals.

My need for guidance comes in as this: If I find a good property to flip, the lender does not fund the rehab, only the purchase price. Do I take out a small hard money loan to rehab the flip? Do I use another private lender? I have access to some decent capital through my father but I do not wish to tie up all of his invested capital in rehabs fees. I am going to be attempting to make him some money as well. I will be using his skills and knowledge for majority of the rehab work. Perhaps someone on here has some experience with this situation. Any information will help. Thanks everyone!