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Updated about 4 years ago,
Raising Money for the Down Payment
I just watched a RE video by Ken McElroy which I found helpful. I have a question though. He mentioned raising the down payment for a house from an investor ($22,000 for a $110,000 home). Will a bank allow that? If the money isn’t seasoned for 2-3 months, it is my understanding that the bank won’t accept that as payment for the home. Am I wrong?