Trying to Close a Lake House Deal

[Tyler Rowley]

Hey everyone. Here's the situation:

- I found a good investment property (lake front, small cottage) for short term rentals 
- $350,000 offer was accepted 
- My partner has the 25% down payment, most of which is gift money from a property his mother recently sold 
- Neither of us can get a conventional financing loan right now (need to file 2022 taxes first) 
- We found a non-bank lender that doesn't ask for tax returns, but they do look at bank statements and will see that the money is a gift, and because they only loan for investment properties, gifts are now allowed 
- So, we're looking for a new lender... any ideas? 

- As an aside, I am getting 10% equity (finder's fee) and a 10% property management fee. Does that sound fair?