We now would like to purchase a home with the intent of doing a live in flip to begin our real estate investing future.

Hi @Sarkis Gezalyan,People usually use HELOCS with the intent to pay them back within the 10 years.

@Michal Liviatan CarpenterSo you're not lending cross border; you're lending on US properties for all intents and purposes.

Plus, the individual must have both the intention and the ability to perform under the contract.Thus, the vast majority of wholesale in Ohio is illegal.

Wheather that is intentional or not, can be proved in court.

I am the new owner of the property (or note) and my intention is to fix up the property and put it back on the market for sale or lease.

It would be about 2-5 miles, depending on their route, and we'd rent the house after it was settled with the intention of buy and hold.

If you are only stationed there for a while, you may find that you can just drive downtown to enjoy the part of town you love and still come out way ahead if you live a little farther out.2) If you are intent on being in that location, go make some friends.

My intentions is to live in the home for one year and then sell it.

If your intent was fraud, you could end up in jail, if not, you will be fined.There are proper legal ways to structure multiple investors per deal, one of which is to form an LLC (or any entity) and make each investor an owner in the company.If you just have 2 or 3 investors, you can put one in first position, one in second position, and the last in third position, but I have yet to get financing from a private source willing to go into thrid position.Depending on how much you are looking to purchase you can approach friends or family who have a SD IRA.