New to REI, with possible Financial backing, what's the best route now

[Jeff Wells]

Ok so I'm reading everything I can, and very serious about doing REI. I decided the biggest obstacle I'd have would be funding. So I decided to ask a wealthy family friend if I approached him with the right deal,would he be interested in being a cash money buyer. He said it sounds good and he'll be interested in what I send him. Is this as huge of a benefit as it seems? My initial thought (I've yet to talk with him about the details, but expect to soon) is that I will search/market for good deals and make cash offers using his money, which I could, in theory, turn around within a couple weeks. I am inclined to lean towards wholesaling, but I would like to do the rehabs as well. What would be the best way too structure this and in your opinions, the best route to take with starting out with financial backing like this? I'd appreciate some sincere advice and Ill answer any question you may have. Thanks all