He ended up buying with this “alternative” but didn’t go in depth with the hows.I have the opportunity to purchase my neighbors home and she is flexible with us.

Alternatively to be able to net $30,000-$40,000 on a wholesale flip seems like a solid exit strategy as well especially since we are heading towards fall. 

If there are no 3rd parties, there are alternate methods.

It strikes me as something a motivated seller would take on, an alternative to wholesale.  

We have Multiple Private Market alternatives and the results have been impressive.

@Evan GriffinBanks loans for BRRRR are doable if you find a deal that the bank will lend on.If they wont do the deal then the next step is a bridge loan or hard money loan or cash.The refinance is the key to the BRRR method.You need to work with a lender that does not have seasoning requirements.Banks are out of the question for this because they require you to own the property for at least 12 months before giving you cashout based on the appraised value after rehab.An alternative lender does not have seasoning can get you 75-80% of the LTV after rehab.

Alternatively, you could be a multi-unit (up to 4 due to lending reasons), live in one and rent out the others.

This safe harbor does lay out some important tax treatment structures for how and when you can deduct mortgage interest, and take depreciation and offset expenses with income. 

Get the car wash with the wax, undercarriage treatment, 2nd rinse, and the air dryer if you want it clean.

The CFPB rule removes the requirement to be considered for foreclosure alternatives (Short sale, etc.) inside of 45 days from the date of sale.