@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

It sounds like you're dealing with a potentially suspicious situation. 

Ironically, high income earners can make more passive income through tax mitigation than they can through buying high cash flow deals in nearly every situation. 

I got a HELOC loan on the home for $130k.

When this person goes bankrupt in the next recession, this loan will be part of bankruptcy proceedings.

Just sell and pay off that loan or two.

Same goes for Korea, that is the exact same situation.

The value in what Brian brings is that IF you find good deals there and WANT TO do them, being in his program, his contractor will front the reno money until you get construction draws back from your fix and flip loan. 

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan.