@Fantasia BowserYou have been given the proper answer, but on a side note, as it appears you may not be entirely familiar with basic contract law, you may be lacking some critical knowledge in other investing areas too so it would be wise to consider partnering on your first 5 or 6 deals with an active local investor so you can learn how to properly enter and exit a transaction without causing yourself potentially serious ramifications. 

I would like all the senior people that post at BP to put up their best quotes to keep them going every day especially with disappointing circumstances , as an illness, a death , A deal that goes really wrong , A business partner that perhaps is not fairI'll start----There are no money problems.

My wife / business partner on the other hand could not be more different.

Starting a Wholesaling Business with a partner and have a few questions.

This last "Assumption (5)" is way off.However, if you took on a partner for that refi, you would reap the benefits of the cash flow (if holding) and/or profit when/if you flip.

I won't have them as partners!

That's a way different convo than asking for $100k to do the whole thing.It's almost always cheaper and definitely cleaner on the split to borrow instead of splitting the deal, but you can always partner with someone too.  

Will you be providing this money down or will you have partners to bring the money??

Here are the cold hard facts:- ARV 500,000$- Renovations (I will not know completely until tomorrow but I estimate it at 100,000$)- Apartments are empty- He owes between 60 and 70k on the mortgage- He is extremely motivated- He needs between 50 and 200k from the deal- He is open to the following: sub2 and partnership and, to a much lesser degree a straight out purchase at 250k- I have also communicated to him that I would probably bring a partner into the agreement.Thoughts from the BP community?

I was having a discussion with a partner of mine regarding investing in Cuba.