I want to pool money from three different sources to purchase an investment that I would live in for 2 years and then sell and split profits. I don’t think this is considered a “syndication” since I would be living there - but is it a syndication that is subject to compliance with securities laws?
Also, I would be a first time HO. But, I recently quit my PhD and have been working odd jobs to pay bills. So I have no income verification or W-2’s. However, when I move I will be employed and could prove my income. Would I be able to apply for an FHA 203b after 2 months? My wife is employed but I think the loan payments would be greater than 28% of her monthly income. We are moving to Phoenix so $200,000-$250,000 is not uncommon for a starter home that is not in a ghetto area. BTW my credit score is 765.
Thanks