Everything from a gift to a legal name change.

Just ask our last time share presenter. 3hrs later I had a free cruise package (upgraded the package at my choice/cost to a nicer room), $25 gas card, two nights in a Marriott, $100 restaurant gift card, and two tickets the comedy club. 

We are a little bit shorted for 20% down payment and we are asking some friends to be donor gift check. 

I like to write in outline format because I believe it is easier to respond to and clearly outlines everything I want to portray.Background:My wife and I live in a condo in Los Angeles owned by my mother-in-law• My mother-in-law is willing to gift us the property• My mother-in-law wants around $100k and to go in together on a rental property near Palm Springs• My mother-in-law still owes $170k on the condo we live in and has about $390k in equity on this place• My wife does not want to leave the condo to start acquiring properties, because my mother-in-law will sell itI want to start investing in real estate • I want to own the property we currently live in, to show lenders that I have an asset that makes me reliable to loan money to Title Agents/Lenders• Want us to purchase the home from my mother-in-law• Want us to purchase the home between $300-400k or do a cash-out refinance at around the same amount• Have evaded a discussion around a giftQuestions to Bigger Pockets:1.  

How does someone “Gift” you money for a mortgage and receive interest like a loan?

The gift of real estate.

If someone is going to gift you money, or even loan you money, the bank will want to know where it came from and they may require it to sit in your account for a certain amount of time before you can use it to qualify for a loan.

After you have done a face-to-face, I would give a "Welcome Packet" which can just be a folder with how to communicate with you, pay rent, etc, I also will include a small gift, like a gift card, bottle of wine, etc (You will see what they like with your face to face conversation.

Does anyone else out there do this, and if so do you include a gift?  

We have at our Lake House.There were some people that came down and stayed for a month in Dec each year. and we put 3 small wrapped gifts for their Grandkids that came to visit them.