And while I agree that first flips may not go well, I disagree that it is a reason to avoid family and friends who are eager to support your venture.

We are not completely new to the game, as in my business partner and I own 2 turn-key multi-family duplex properties that have required minimal repairs.However with this new venture, we are trying to scope out our first deal to BRRR and see how things turn out.

I’m looking to do partnerships in which I have control and give returns to investors. But my real estate strategy is to use it in the buy and hold space. So here is what I’m thinking...if I buy a fourplex for 250k, t...

If seller financing is an option with $100,000 down payment, I would definitely want to know the terms and interest rate the seller desires.In order to raise $100,000  to acquire the property vs losing the deal, you might want to consider an equity partner or joint venture partner.

I would venture to guess a fixed rate product would be better, no prepayment penalty, less chance for the "chef surprise" down the road.

Once you get a few deals under your belt and can use equity from prior deals to fund new ventures it's much easier to buy without dipping into personal savings. 

Hi Bill,I don't wholesale but when I write my business plan for real estate or other ventures I break things down weekly and daily.  

Good luck in all your future REI ventures!

The diversity angle alone cannot accurately assess the viability of your venture being successful.

All the best in your venture.