Partner down payment issues!

[Jake Mires]

I am in escrow on my first deal, 2 houses on 1 lot. My in-laws are going to be partnering with me and my wife on this deal. I have my preapproval and cash for the full down payment and everything. They have a home equity line of credit but I don’t think it will be closing for another 20 days or so. It’s a 30 day escrow so I’m sure this won’t work? Can I put down the full down payment myself and have them pay me for half the down payment after closing? With the IRS see a large deposit in my bank account and make me pay taxes on that even though it was given to me to pay for half the down payment? Should I try and push the escrow longer so that we can split the down payment inside of escrow? May be a quick claim deed to put them on title after me and my wife close? Obviously I have many questions here would appreciate any help you guys have thank you!!!!