If you can get a better primary residential HELOC rate than you can a hard money bridge loan I would say yes.

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.  

One more reason why people should stop looking for the easy path to building wealth.Increase earnings, reduce expenses, save, and invest.

However, a good real estate accountant is worth what you pay them because they will save you time and money. 

Private Money vs Hard Money:Primate money is negotiable.

They too get their money back and still get access to everything for 12 months and Mr.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

For me I think it depends on how much money you have invested into the home and for how long?  

IE motivate them for money. 

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000.