Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.

But, thank you for the tip.

I've been running into some trouble/challenges when it comes to being comfortable talking to sellers i.e. on initial/introductory/cold calls and sometimes in appointments/meetingswhat are some tips you guys may have on this.any links to relevant/powerful scripts may also be helpful as well (i.e.

Depending on property titling one partner can get the conventional financing and the other can make a gift or use their assets for the remainder.  

And don’t forget to check out Airbnb host groups—hosts love to share tips and contacts.For setting up your place, a smart lock is a must—it makes check-ins so much easier.

I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.

Tips and tricks?

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

What are your tips on finding and evaluating areas to purchase?

It’s an interest free loan but it’s not a gift unless you die in less than 27 years while still owning it or it’s 1031 exchanged property.