Hello Lenders,I am a private money lender.My question is---When does the seasoning period start?  

Maybe they don't need the money now but in 5 years they wan to send a grand child to college.

Quote from @Tom Grieshammer: I’m 26 and I’ve saved up 120,000 and want to get the best bang for my buck in real estate.

Parking is worth more than money down there in OB.....And I am pretty sure that your $$ numbers are low, about 50% at least.

Are you new to real estate investing or just to the forums?

However, this is my 1st year in any form of real estate, so I am still learning and feeling my way through.

Leverage + appreciation (price and rents) is what makes real estate worth the hassle as I see it.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

I’m just getting started in real estate investing and am looking to acquire my first investment property.I’d love to connect with like-minded investors, lenders, and mentors who can share insights or personal journey.

The most successful people that I have heard on podcasts and met in real estate know that it is all about getting a single here and there and then going to get a homerun while doing those singles.