Holding mortgage note question

[Robert Denney]

I have the opportunity to purchase an off market 3/2/2 single family home.  My adult son is a real estate agent and wanna be invester.  My initial plan was to buy the property outright with cash, and then sell to my son and hold the mortgage note (he is not yet eligible for conventional loan).  Would it be cleaner (& easier) just to provide the hard money lending to my son so that he can make the initial purchase?

Thanks,

Bob Denney