@Mark Flores, you could but would have to work that out with the escrow company as well.In a situation like this, you can really “make up the rules”.What i have seen done in the past is to have your friend wire money to you to pay for the rehab but do that in phases or increments.

Right now on the coast of the Sonora State in Mexico...in "Kino Bay" or "Bahia de Kino", we just started a pre-sale on our property lots, located in a gated community of over 320 future luxury homes.These property lots will double or even triple in value within 1 to 3 years.Find out what proyects will detonate this area.excellent ocean view, beautiful sunsets, excellent weather.75% of the population are Americans, 15% Canadianas and the other 10% Mexican Nationals....English is the prevalent language spoken there...Excellent retirement community.pm me for more Information about this development and to learn as to why it is an excellent investment opportunity.thank you vey much,

@Alejandro Flores This seems like a pretty straight-forward hard money loan, however, when you're looking at spending 200% of the purchase price on a rehab, be ready to show some experience with a project of that magnitude. 

@Todd LaPierre, @Daniel Flores, @Wylea Griggs, @Jim Workman: I heard Scott Carson speak two years ago, and got on his mailing list.

This was lower New Mexico, not sure how it compares to your area.

Michael that is a pretty hard deal to beat, I appreciate it.Ha I just flew in to Roswell New Mexico, not the most thriving metropolis, if anyone knows something entertaining to do here besides chasing aliens, let me know.

@Guy GimenezPeople at BP are positioning themselves as experts at  something whether it's turnkey properties experts or some other field of real estate investing and many are poorly trained in agency regulationsThere are people that hate regulations such as getting licensed so they look at ways to cut cornersThere is this new trend of "co wholesaling" where some people have buyers and some people have properties and they split dealsThere's these courses of people doing virtual Wholesaling and having these dreams of hitting a few keys on the keyboard and going surfing everydayWell,  if you learn your trade and get licensed and have a listing presentation with homesellers and give them options to list it or sell it on terms and you make either a commission or you buy it on terms or cash, as long as you're  licensed in most states you can act as a principal, there's no fiduciary duty when you're acting as a principalI think there's some people on BiggerPockets that think that if they get licensed, their hands are tied and they can't do certain things that wholesalers can doI've heard "ad nauseum" about this "held to a higher standard" stuffThe best advice I ever got was from my attorney in California and he said "if you get license in the state of California, the state allows you to actually write contracts like a real estate attorney on the kitchen table"There are some states like New Mexico and Utah perhaps that are not enforced as much as California in the west but most of the East Coast states especially New Jersey and Virginia and Maryland and Massachusetts and New York, they will come after you like a son of a ***** if you're not licensed and you're doing realtor activitiesGet your friggin license and act as a principal, end of story.

How about in Albuquerque, New Mexico?

@Drew Sygit, my husband forwarded me an email today from Marriott offering a private home in Destin (or Palm Springs, Gatlinburg, Mexico) under their "Homes & Villas" branding. 

@Marcos Flores That sounds about right, prices have certainly increased since 2019 and mainly due to COVID. $100 - $110 (on the high end) per sq ft is pretty normal for full guts around Middle TN.