I think a heloc is a solid method to fund a flip.

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

It sounds like you’ve been doing some serious groundwork with all the reading and research, which is such a strong start to your journey toward FI and retiring by 55.It’s awesome that you’re exploring real estate as an option, even if you’re not completely sold on being a landlord yet.

I have a 6-figure land business & am just here to help (no affiliate links).The best land investing program I have seen is Jonathon Haveles with The Land Method and Land Riches Blueprint. 

You could explore a private note sale but without hard collateral it could be difficult and would come with a discounted buy out.

I am exploring options - sell his place, use is as a rental or take some equity out if it to purchase another property (I was thinking maybe a short term rental on the lake)?

Have you done any research on what method of investing you would like to do?

BRRRR method is also a great way to go - good luck!  

Other methods will differ.Yes, I agree with that example.

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.