Parent’s can’t get prequalified for a loan but got 70k in savings

[Leonel Almagro]

Hi everyone,

My parents did not have financial knowledge so they never built up their credit. They want to invest their money and get a duplex or house hack. I currently own a house that is rented out and I just closed on another one. My question is how can I help them get a property. Can they gift me that money so I use it for a down payment. 

Thank you!