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Updated over 5 years ago on . Most recent reply

Jeffrey Townsend's profile image
Jeffrey Townsend's profile image
Jeffrey Townsend
  • from Charleston, SC
  • Member since Jan 10, 2016
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Jeffrey Townsend's profile image
Jeffrey Townsend's profile image
Jeffrey Townsend
  • from Charleston, SC
  • Member since Jan 10, 2016
Connect
Jeffrey Townsend
  • Charleston, SC
7
Votes |
32
Posts
General Real Estate Investing

Gift money for investment property downpayment

Jeffrey Townsend
  • Charleston, SC
Posted

Is it true that you cannot use gift money as a downpayment on an investment property? I am being told by my lender that underwriting requires money in your account for 60 days. Is there anyway around this?

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Laura Cardenas's profile image
Laura Cardenas's profile image
Laura Cardenas
  • Rental Property Investor
  • from Rochester, NH
  • Member since Dec 28, 2018
  • Posts 58
  • Votes 39
  • Experience 5 Yrs
  • Investments 2
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User Stats

58
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Laura Cardenas's profile image
Laura Cardenas's profile image
Laura Cardenas
  • Rental Property Investor
  • from Rochester, NH
  • Member since Dec 28, 2018
  • Posts 58
  • Votes 39
  • Experience 5 Yrs
  • Investments 2
Connect
Laura Cardenas
  • Rental Property Investor
  • Rochester, NH
39
Votes |
58
Posts
Laura Cardenas
  • Rental Property Investor
  • Rochester, NH
Replied

@Jeffrey Townsend

My lender had told me the same exact thing.

  • Laura Cardenas
    • 1 Vote
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