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Updated over 6 years ago,
How to handle investor funds
Hi, I’ve got a deal lined up but am confused about the final funding. I have a private money lender(family member) that is going to fund the deal. The problem I’m running into is how to have the funds applied and still have the property in my name? If they wire me the money aren’t there tax implications? I’m getting conflicting advice and was having trouble finding an exact answer in the forums.