Have a situation
I have a relative selling his home
which he is willing to give back 20k
my credit suck, but i can use that money to fix my credit
I would also use 10k toward down payment
the rest would pay down debt get everything current
I would also like to start investing
which I would like to incorporate as LLC
I am a real estate agent a year in the game
prices of homes are perfect for getting rental income
looking for the right lenders and what type of loans are out
I keep reading about line of credit for corporations
but I need to first get that 20k out of my cousins home
If your cousin is the one selling you the house he may be able to gift you the 10k down payment. as for the additional funds he will be gifting you after the purchase I can tell you with 100% surety no lender will approve that unless it is included as part of the contract for upgrades or seller concessions. You said that your credit is not good. Do you have a job? can you show income and reserves? Sounds like you may just be reaching for straws.