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Updated over 9 years ago on . Most recent reply presented by

Rohit Kochar's profile image
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Rohit Kochar
  • Investor
  • from Long Beach, California
  • Member since Jul 15, 2015
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Rohit Kochar's profile image
Rohit Kochar's profile image
Rohit Kochar
  • Investor
  • from Long Beach, California
  • Member since Jul 15, 2015
Connect
Rohit Kochar
  • Investor
  • Long Beach, CA
2
Votes |
14
Posts
Tax, SDIRAs & Cost Segregation

Paying down payment through a gift

Rohit Kochar
  • Investor
  • Long Beach, CA
Posted

Hi Guys,

I asked my brother to send me some monetary help from overseas. I would be using that towards my downpayment. Now, my bank and other lenders they want me to show the details of each and every transactions for down payment. If IO show that my brother is gifting me $8k 

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