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Results (9,003+)
Timothy Trushaw Jr Gifting Downpayments
22 June 2015 | 6 replies
Has anyone asked a seller to gift them the funds for a down payment and then repaid the seller by adding that same amount to the purchase price?  
Dale Jackson My Retirement Plan: Musical Chairs (Houses)
24 June 2015 | 5 replies
I like the process and plan to ramp this up with 2-3 more before I retire in a 2-3 years.Round 1Retire from my current job.Relocate to be near my son & daughter.Son & wife buy House 1A.I gift them the money for the down payment and renovation.I move into the House 1A and complete a renovation that takes about 8 months.During the renovation they live in an apartment I have rented.At the 8 month mark:I’ve completed the House 1A renovation.Son & wife move into House 1A and live there for the next 16 months.Daughter buys House 1B.I gift her the money for the down payment and renovation.I move into the House 1B and complete a renovation that takes about 8 months.During the renovation she lives in the apartment I have rented.At the 16 month mark:I’ve completed the House 1B renovation.Son & wife are living in House 1A.Daughter moves into House 1B and lives there for next 16 months.I buy House 1C for myself.I move into House 1C and complete a renovation that takes about 8 months.Round 2At the 24 month mark:I’ve completed the House 1C renovation.Son & wife sell House 1A and with the profit buy House 2A.They are able to exclude the gain (profit) from the sale as they have owned the home for the last 24 months.
Patrick Fluitt New member from North Carolina
31 December 2015 | 4 replies
We usually have sponsors who give away a raffle gift as well.
Russell Ballard Jr First Deal
22 August 2016 | 1 reply
In your case since your new just have a strong game plan and presentation to prove you know what your doing. 2 - Ensure them the process will be stress free and a smooth transition.3 - Quick and simple closing as opposed to the "nightmare" closings that traditional borrowers sometimes encounter.4 - Savings on Capital Gains5 - (In many cases they are older) I really push that the monthly payments are a nice gift to leave to their estate. 
Elizabeth Moyer Young, newbie in Philadelphia
31 August 2017 | 13 replies
You might also try working your own network to see if someone will lend/"gift" you the down pmt money with the agreement that you will pay them back with the profit from rent or perhaps offer an ownership stake in the property.
Ben Leybovich Cost of College - Are You Kidding me?!
26 July 2016 | 25 replies
And the very sad thing here -- we are rendering higher education affordable for some of the most gifted, yet least financially fortunate, kids in this nation.
Ashraf Farrag Thoughts on converting my rental property to a lease option?
28 May 2016 | 19 replies
This is consistent, for example, with the intention of the legislation that the supply of a used residential complex, personal use property or qualifying farmland by gift or upon death is exempt under section 2, 9 or 10 of Part I of Schedule V, as the case may be, as an exempt supply of the property by way of sale even though there may be no agreement to transfer ownership of the property.
Account Closed Las Vegas near University?
8 September 2017 | 12 replies
BTW:  My wife's gift shop is Le Melange Gifts - in Henderson - and she speaks French, if you get lonely for it while you are here.  
Nina Grayson Financing-FHA Approved. How do I use this with others' money?
27 September 2017 | 7 replies
Gift funds are allowed and there is paperwork for the gifter and yourself to sign indicating that there is no expectation yo repay those funds, otherwise it's fraud.
Jason Eyerly FHA Loan For Multifamily Properties?
10 August 2017 | 2 replies
FHA loans have only a 3.5% downpayment requirement (no downpayment assistance from FHA but family members can gift you downpayment funds).