Getting a Loan as New Full Time Investor

[Nick Wehrley]

Hello all,

I'm new here and have browsing the forums and haven't been able to find exactly what I'm looking for. I am ready to pull the trigger on purchasing a home a flip as I have done my homework and think I am prepared to begin but obviously there is much more to learn by doing instead of just reading. 

I am planning to begin full time as I have saved to the point where I can do so. I also have an investor I am working with who will be funding the down payment rehab, etc... My question, what is the best way to go about getting a loan as this will be my first flip and I'll be doing it full time meaning no "steady" income. I'm fortunate enough to say my investor is a family member, would the best route be getting the loan in their name? If so, would I still be able to add the project to my investment portfolio so in the future I would be able to get a loan myself? 

My overall plan is to move out of state from where I currently am and am using this flip in state as a practice run while I'm still close to family and resources. So, as far as my current job I would be leaving it behind once I do move and this information could be useful for when that time comes as well.