Lastly, another ultra-wise investor @Tracy Caywood once commented to the effect of “a person can flip options in your Self Directed Roth IRA…Your account balance must reflect enough funds to cover your investment, otherwise it can’t be funded.

The bulk of that money would effectively be the "down payment" to go to a bank or other lenders for the remainder of the money.

Certainly, if they're trying to buy a new house shortly after selling an existing on subject to, the new lender is just going to treat the old loan as if its still in effect and the borrower is still responsible for it.

In other words, even if a wholesale deal in my area even within the 65%ARV less rehab costs criteria, I would not have enough money to acquire and do the work using only the credit line.My question is 2 fold:1) Can I use the business line of credit as a down payment, then get a conventional mortgage like a 203K FHA to purchase and rehab the property. 2) Can I refi out to pay the loan if there is enough equity built into the property when the rehab is done.Not really sure whats an effective way to use this line of credit, if all the wholesale properties in my areas are priced in the 150k range.

Ya........Military spending is 1/6 of spending, but there are large swaths of that budget that are NOT "military" in nature, including (of all things) research into treatments for autism, lawyers to provide guidance regarding 'equal opportunity employment' and I could go on, and on and on......

Them effectively owning that market does drive up the prices in other ranges.

Very diverse paths but inspiring and effective!

(I have a lawyer friend who could draw the contracts).

I would be tempted to talk to the contractor, your lawyer, and consider it.

I don't see how it can be a problem because it's two separate closings and one doesn't effect the other.