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

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

I use it for my personal portfolio as well.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.

Personal loan for renovations How did you add value to the deal?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Share what you are looking for and the deals you are working on with your network in person and on social media regularly.2.

Do you sell / buy real estate in Mexico personally?