Individual #1: Taking out traditional mortgage with 10% down to purchase propertyIndividual #2: Managing restoration and sale, taking share of profitsThey need money for the restoration budget, estimated at $40K.

Any loan you want to take against the whole life policy is secured with the policy values, which are restored when the loan is paid off.

I want to leave the corporate grind and do something I can enjoy, restore the community and help someone become a homeowner.I am looking to network with local people who can guide me through the real estate world.

When the house was flooded due to the dishwasher, I called a restoration company to come in.

but to no one's fault but my own I was unable to keep the business afloat when real estate plummeted a few years ago.So now I work for the dredging and beach restoration industry and spend weeks and sometimes more than a month away from my family.

Some DIY projects l enjoy are flooring (tiling and laying hardwood mostly) and restoring nice hardwood.

I have over 20 yrs experience in residential property restoration and remodeling.  

Yeah the issue is the "re-entitlement," for your father because once the VA loan is paid off there is a process probably through the Arizona VA office to restore that entitlement so the VA program is once again available for his purchase.So depending on his close of escrow date for this new home and when it is or how flexible the seller is then using a refi to conventional and VA for purchase would be possible even with a couple hurdles.I think that is the most efficient path too since VA rates are generally lower than conventional.

Before you go to home Depot I would go check out this place in Montclair called Restore, its right off of Holt here is a link with theyre address, i see good stuff in there all the time. http://www.habitatpv.org/

I live in southern NH, I've been in construction most of my life, the last fifteen years in heavy highway construction as a sales/estimator.I love to restore things, houses cars boats etc..