Using other ppl money for down payment

[Schadrac Mertis]

Friends and family would like for me to invest their money for them. However, I don't flip I buy and hold. so I how would structure a deal where everyone can win? Price of homes 100-150k down payments range from 20-40k

[Sarah Downey]

Hi @Schadrac Mertis

Here are a couple of options:

You could create an LLC for each property where they have some ownership. If they have lower ownership than you (usually 25% or less), they will not have to be on the loan request, but you can still use their funds.

We also have programs that allow for gift funds to be used. The family members would have to sign a letter gifting the funds for closing over to you. It is a pretty easy process. 

Let me know if you have any other questions or want to connect more!