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4 October 2021 | 3 replies
And if they want they can use annual gift limits to return his rent to him legally.
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4 October 2021 | 3 replies
I think the house was gifted to him.
19 October 2021 | 5 replies
Most of the cash that we're going to use happens to be parked in accounts in my name and we didn't realize that, for the purpose of investment property loans, I can't just give/gift the money to her.
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8 October 2021 | 9 replies
I would be careful about possibly looking a gift horse in the mouth.
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6 October 2021 | 2 replies
When I told my lender he suggested I use a "gift of equity" as the down payment and that way I wouldn't have to come up with anything down (if the property appraised).
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6 October 2021 | 1 reply
Are you allowed to use any gift funds for part of the down payment on an investment property?
7 October 2021 | 3 replies
@Gregory Norris snap shot of bank account, account statement or if it is a gift of funds you will need a gift letter :)
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14 October 2021 | 7 replies
I hope you "pay" or at least buy a meal gift card for the contractor...they will remember that you valued their time and will be more likely to help you with a walkthrough again on the next project.Don't know how much DD money you put down (and it's gone now), but it's probably a small price to pay to avoid buying a money pit.Best to you!
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10 October 2021 | 3 replies
But it seems another option is they can gift the townhouse to us.
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8 November 2021 | 5 replies
Avoiding Gift tax if they transfer loan to you.