Geremy Henn
$300k gift or gift the property?
14 May 2024 | 4 replies
She’d like to gift to us somehow- is it better to sell and then gift the proceeds to invest in real estate or put the house in our name first - then we sell?
Brandon Bell
Family Loan to Purchase Real Estate
16 May 2024 | 4 replies
This is often viewed as a "gift" so lenders place limits on the amount that can be "gifted" as well as the manner that these funds can be transferred to you.
JT Stanford
First Homebuyer - Multi-unit House hacking in Chicago - Little to no money down
17 May 2024 | 7 replies
Also, with FHA, family members can give a gift to help with down payments.
Andre M.
How much do you expect out of your snowbirds on the Gulf Coast?
16 May 2024 | 11 replies
It's like getting a gift for Christmas.
Mark Chambers
Buy out inherited property
16 May 2024 | 12 replies
Also, if you're paying less than fair market value, you may need to be careful regarding gift taxes.
Hunter Harmon
House Hacking in San Diego
16 May 2024 | 17 replies
Additionally, I can receive $40k in gifts from my father and ability to access a $20-60k loan from family at 4% APY interest.
LeRoi De-Souza
Out Of State Investing
15 May 2024 | 17 replies
As a non owner occupied property minimum down payments are:Conventional (single family) - 15%Conventional (multifamily 2-4 units) - 20%Non-QM (1-4 units) - 20%Certain Non-QM DSCR products allow the use of gifted funds for your down payment.
Shane Duncan
Found a 4-plex with great cash flow but I’m stuck
15 May 2024 | 48 replies
Just remember that on investment purchase (conventional) you wont be able to receive gifts to close the purchase so if you're going to buy and you want to bring in friends/family into the deal as a giftor, you'll need to be buying as primary most likely (allows gifts).Also primary residences allow higher LTV's or lower down payments (same difference) 3-5% down versus 20-25% with non owner / investment occupancies.This is to tackle the down payment issue you're experience above.
Jade S.
Cardone Capital...anyone looked into this?
20 May 2024 | 177 replies
It's like the gift that keeps on giving.I agree with you on Grant Cardone.