New, future investor from Auckland, New Zealand.

[Sam Hurdley]

Hi Everyone!

Im 25 and from Auckland, NZ. I'm currently living in London but moving back home in about a year and looking to get started in real estate investing when I arrive home! I'm in the fortunate position where my Mum is very keen to help me get started with investing (and keen to invest some money in a project), and therefore would be willing to help me with a first deposit. A couple of questions:

Firstly, House Flipping has definitely stood out to me as the strategy that I want to learn about and get into, however, starting out, I want to buy a house that I can live in (potentially multi-family to take the house hacking approach?). Also, if I am going to get an investment from my Mum, this is the route I know would work. My question is: will I be able to use this to finance my next purchase in order to start House Flipping? How can I go from owning my own house to financing a first flip? Do I have to build up cash again for a down payment?

Secondly, what are your thoughts on having a brother as a business partner? I have read lots about not working with family but this seems like a good opportunity. We have a good relationship and he owns a construction company / has been a builder for around 15 years. Therefore, he has a great experience with rehab pricing and project management and would have a lot of handyman contacts etc.. I also know he would be keen to get into a project and willing to put money towards it.... Is this an obvious yes? 

I'm very much a newbie so apologies if any of these are silly questions! I'm currently working my way through the beginners guide but wanted to get my first post out there and say hi :)

Thanks all!

Cheers.