Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Best way to utilize money gifted from family
My girlfriend and I are thinking about taking a loan out to purchase our first home, we've already been approved at churchill mortgage for a single income loan around 150k we have around 8 grand to put down ourselves and are in the privileged position of having family members who want to assist us with money.
We're Curious what the best course of action is with this gifted money, probably around $10,000 to maximize the benefits and avoid doing anything illegal!
Thanks for any advice we could really use it!