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Updated over 4 years ago, 06/04/2020

User Stats

19
Posts
41
Votes
Ben Clark
  • Investor
  • Newark, NY
41
Votes |
19
Posts

Using someone else's money for a down payment

Ben Clark
  • Investor
  • Newark, NY
Posted

Hello everyone,

I'm sure this has been asked before, but when I searched I couldn't find anything. I have someone who wants to be the down payment on property but doesn't want anything to do with the property and just wants the down payment paid back. How can this be set up so a bank is ok with it. This person is willing to jump through the necessary hoops, but I'll own the property and manage it. This person wants to be totally hands off.

Thanks!

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