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Updated over 2 years ago,
Real estate investor
Hello, I am trying to find a triplex in my home city. I need approximately 15,000 additional for a down payment. My question is when you borrow from a hard money lender, can it be sent as if it was a gift. I'm working with an FHA 203k renovation loan. And as you know FHA only allows gifts for your down payment and closing costs. Any other suggestions?