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All Forum Posts by: Jason Valentini

Jason Valentini has started 1 posts and replied 1 times.

Multi-Family and Apartment Investing

Post: Give friend gift for FHA down payment in exchange for equity?

Jason ValentiniPosted
  • Posts 1
  • Votes 0

Hi all!

My friend is a first time home buyer and wants to start house hacking with 1-4 unit, however doesn't have the down payment money. Can I gift him the down payment money and then put together a contract between the two of us for some type of equity split in the home? I know the FHA guidelines say "gifts are not repayable" but wasn't sure if an equity split would be allowed.

Thanks!

0 Votes