Partnering with your buddy on a few deals would be the best way to learn the business while you self educate on the side.

You could also take on an equity partner in the deal with both of you on the loan, or at least the partner with the down on the loan with the other partner quit claimed to title after.

Get a liquid, experienced partner.

To start, I intend to wholesale for immediate income, partner on deals when the opportunity arises, and eventually be in a position to invest individually.Unfortunately, I have very little disposable income and a bankruptcy just under a year ago.

Doable or do I have to partner w/ a contractor???

In the future I may expand this with a partner in order to stream line things.

Working with a partner, but price is still too high due to extensive rehab/restoration.

I bought a property with a partner and it is just now being rented out this month.

Hi Amie,I like the idea of doing both but have found every time I have wanted to do a flip the rehab cost take me beyond my abilities and I have not found a partner to make our dreams come true.

@Jose Flores, great to hear you have a deal in the works, but a lease option with repairs buying it is dangerous.I would work on getting IRA private lenders that can fund your deals at 80% ARV, or money partners for JV 50 50 splits.With FHA financing at 3.5% down, who would put $10K down on a $55000 house?