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Updated about 3 years ago, 10/06/2021

Pete Jimenez's profile image
Pete Jimenez's profile image
Pete Jimenez
  • Member since Jan 2, 2020
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8
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Pete Jimenez's profile image
Pete Jimenez's profile image
Pete Jimenez
  • Member since Jan 2, 2020
Connect
Pete Jimenez
8
Votes |
20
Posts
Buying & Selling Real Estate

Gift funds for Investment Property?

Pete Jimenez
Posted

Hello All! Are you allowed to use any gift funds for part of the  down payment on an investment property?

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Kushaal Malde's profile image
Kushaal Malde's profile image
Kushaal Malde
  • Lender
  • from Redwood City, CA
  • Member since Apr 4, 2019
  • Posts 96
  • Votes 48
  • Experience 3 Yrs
  • Investments 3
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User Stats

96
Posts
48
Votes
Kushaal Malde's profile image
Kushaal Malde's profile image
Kushaal Malde
  • Lender
  • from Redwood City, CA
  • Member since Apr 4, 2019
  • Posts 96
  • Votes 48
  • Experience 3 Yrs
  • Investments 3
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Kushaal Malde
  • Lender
  • Redwood City, CA
48
Votes |
96
Posts
Kushaal Malde
  • Lender
  • Redwood City, CA
Replied

If you let it season for 1-3 months (depends on the lender), and it does not need to repaid, there should not be an issue. 

See this thread for reference: https://www.biggerpockets.com/...

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