The longer he stays it gives him a chance to save up the move in money for a new place and maybe buy a new 70" TV and Xbox once he finds a sucker landlord that doesn't check and see that he was just evicted

So my parents are buying my first fixer upper for me all cash in there name. 

I think it will be important to buy in areas that are just starting to sprawl.

Most non-QM lender penalize you as if you are buying down the rate to zero.

Hi there,I'm looking to work with a lender to finance an off-market property in Maryland I want to buy as my primary residence*, max 10% down.What's the catch?

The Developers want this setup because they don't have to come up with capital to buy the land.

Also, would have some concern that they say replacement cost of this property is 50% higher than their buying it for.

Any input would be greatly appreciated. there's a lot of ways like petitioning, confidential sale price, buying other assets to offset and depreciating them in year one, etc. but the main way I would do it is to invest in ground up developments with tax abatements which pushes even higher cash flow and then to keep them as retained earnings or in a non taxable structure depending on your equity position.

Going to start out by buying and holding for now. 

. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.