I will say that technically you could make something like that work, but as many people will warn you, working with friends or family can be a very bad choice.

Well your two potential choices are good ones.

Hi Robert,Marc Simpson with Peak Choice Capital.

I am doing a pretty big remodel project. Currently the house has a typical 1950's wood lap siding. It is getting a new roof, and full exterior paint job including trim. I want to keep the colors of paint and singles v...

President of public corporations.. high wage earner golden parachute at 50 etc. he had interest in 20 different companies and leverage all over the place.. everything we did we hung debt on ...both buys worth a bundle both with polar opposite personal choices regarding debt.

Tax implications to the owner are best discussed with a licensed CPA.Home #2: My first choice would be to put the property under contract with the seller carrying back a loan & I would take over the existing loan.I would use a basic purchase offer contract.You can partner up with an experienced investor to finish the deal  or sell the contract to an investor, AFTER you tie the property up with a purchase contract.Good luck.Originally posted by @Albert F.

@Jon Klaus inflexible is an interesting word choice.  

Whether or not that cash is to come directly from the wholesaler or through the wholesaler is a choice the seller can make based on facts presented by the wholesaler.  

I would like your advice on these two choices I consider :Option 1: Getting a first SFH below market (under 150K) which would consume almost all my cash, rehab it, rent it and refinance it (we don't have seasoning period here) and repeat.

I would like your advice on these two choices I consider :Option 1: Getting a first SFH below market (under 150K) which would consume almost all my cash, rehab it, rent it and refinance it (we don't have seasoning period here) and repeat.