Newbie Question on Fix and Flips, Etc

[Roy Benson]

Hi,

Sorry if this is in the wrong category, but I'm fishing with a big net right now.

My Ex-bro-in-law is a financial planner, and ironically, he isn't necessarily great with his own money.  Divorced from my sister, 2 kids and liked to live larger than he should have been.

He has the skillset to practically build a home, minus the plumbing and some of the electric.  Comes from a family of contractors.  

He basically built 2 homes he lived in, sold them for a lot, then went underwater on the last, just before divorce.

That's a lot of info.

He recently asked me (it's not me) about Fix and Flipping because he has the skills to do it, and knows I have friends in the HML business. Except, there's no way he has the down payment, or the funds, on an investment property.

Any advice for someone like this?  Essentially, he's a newbie with the contractor skills.

Thanks,

RB