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Updated almost 7 years ago on . Most recent reply

Erik Pfundstein's profile image
Erik Pfundstein's profile image
Erik Pfundstein
  • Rental Property Investor
  • from Manchester, NH
  • Member since May 15, 2017
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59
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23
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Erik Pfundstein's profile image
Erik Pfundstein's profile image
Erik Pfundstein
  • Rental Property Investor
  • from Manchester, NH
  • Member since May 15, 2017
Connect
Erik Pfundstein
  • Rental Property Investor
  • Manchester, NH
23
Votes |
59
Posts
Creative Real Estate Financing

Silent Partner HELOC for down payment

Erik Pfundstein
  • Rental Property Investor
  • Manchester, NH
Posted
Hi all If I have a silent partner who just wants to use his HELOC to cover downpayment, does he have to provide this at closing, or is he able to just give me a check and i deposit it into my account then use it for the downpayment? Are there tax issues with this? Thanks in advance for any advice or thoughts Erik
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