Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Private funding Question
I close on my 5th house in about 5 days and It will be funded by a private investor. My question is does the investor deposit the money into my account or are they supposed to wire the money directly to the title company?
I don't want to run into anything with the IRS or taxes because $100,000 goes into my bank account and then to the title company once I close in 5 days.
How do I do this transaction the right way. THANKS!