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Updated almost 2 years ago, 01/09/2023
Lender willing to accept gift funds for an investment property?
Does anyone have a lender they recommend who is willing to work on a Short Sale deal where I would use some gift money as a portion of the down payment. The property is in KS and is less than 50 miles from my primary residence. We intend to use the acreage as a place to escape the city when we want but are finding it difficult to get lenders to accept the use of gift money.
The property has a house on it but it is unlivable in it's current state.
Any suggestions would be most appreciated!