Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

1
Posts
1
Votes
Heather Tobias
1
Votes |
1
Posts

Which banks accept gift downpayment for an investment property

Heather Tobias
Posted

I live out of state, but I want to purchase a multifamily home in Ohio as a rental property.

My brother wants to gift me the majority of the down payment, and he plans to be on the title with me, but I am having a hard time finding a bank that will accept a gift as a down payment for a loan on a rental/investment property.

My brother doesn't want to be on the loan because he is currently getting another loan for a different property he is purchasing.

Does anyone know of a bank in Ohio that would accept a gift for a downpayment for a loan on a rental property?

Loading replies...