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Updated over 1 year ago, 07/17/2023
Family Financing Home Purchase in Cash
I have a question around cash purchases. I'm in a very fortunate position to have a family member willing to front the cash for an all cash offer on a home for me. Ultimately, we want the name on title to be me and I'll be paying them back through a separate arrangement. Transaction wise, is it possible for them to give me the cash and I buy the home outright? Or would they need to purchase the home and gift the property to me?
Thank you for any guidance or experience you can provide.