That was because some government program (possibly the Veterans Admin) didn't count prepaid rent as an asset when determining whether he was eligible for services, but cash in a bank account was counted.

I thought that's what Prepaid cell phones were for.

Honestly you can get by just as fine with a 30-40$ a month prepaid plan.

Need to ensure that the lender doesn't account for payments, send them to a joint account for him to withdraw , this way the checking account will show your payment history.Tax wise, it's better to pay his closing costs than put the same amount down.No prepayment penalty, a seller or non registered lender cannot charge points either, that is prepaid interest. 

I was upfront about everything in terms of pre-paid rents security deposit etc.  

As long as the return from that borrowed money is higher than what you pay for to get that money (= debit/loan interest) then you are making money - leaving aside the associated benefits from (further) deductions and whatnot (potential rise in vaule and so on).I do disagree with @Audrey Ezeh as regards her statement "it's the leveraged ones that will suffer more in the down turn".

Never buy groceries from this debit card.

There are a lot of factors that affect closing costs; attorney's fees, prepaid interest, lender fees, title insurance, recording fees, closing fees, etc.  

The accounting packages are smart enough to bring the negative amount on the invoice over as a positive expense in the GL...all that debits and credits stuff from accounting class :)I like doing it this way for a couple reasons. 

Report: Green Dot, a prepaid debit card pioneer betting on digital banking, moving HQ to Austin from CaliforniaAnother HQ relocation to Austin, TX.