Raising money privately from a friend

[Tom Roarabaugh]

Hello everyone, I have the option to borrow $35,000 from a friend as a loan. Lawyers would write everything up so it’s legal. He’s only charging me 2% on the entire loan for a 7 year period. I plan on taking that money and buying 3 sfh that will rent for $850-900 in my area. Problem I have is how do I get that money into the bank without raising red flags?

[Craig Curelop]

@Tom Roarabaugh - If they only look at two months back and your deposit is from 3 months ago, how would they know that the money wasn't just in your account?