I have people ready to give the funds, I just don’t know what’s the best set up that makes it fair and attractive for both parties.

I would recommend starting with those and then reaching out to an experienced investment oriented agent once you are ready.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Renovation loans can be a fantastic tool when you're ready to explore your options.

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

The end goal is to have a piece of land with multiple houses: one for my growing family but also a home for my mother in law.My mother in law has agreed to foot the money on a new property/land up front and when ready we can buy land from her to build/develop etc. 

DSCR loans are generally done in the name of the LLC (or whatever non-personal name entitle owns the property), so I'm not sure why you're being told they can't lend to the LLC, unless you're trying to get a traditional, consumer mortgage.

It would not surprise me if they were acquiring the paper and servicing rights to take an inside line on refi's for these customers if rates decline.Actually CFPB regs may NOT apply if the subject loans are investment or commercial property loans and not SFR owner occupied or consumer loans. 

Hi all,First time post as I get ready for my first investment. 

You'll also want to make sure you have your full team ready so you can be prepared when the right deal comes along.