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12 September 2019 | 1 reply
We had $9000 gifted to us by my father-in-law to help with a down payment.
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13 December 2019 | 27 replies
In the past, we would just go nuts buying gifts for the kids and each other, racking up tons of debt on our CC (embarrassingly part of the reason I have so many CCs, especially that Amazon card, but there it is) and then worrying about paying it off when we could.
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9 December 2015 | 9 replies
Being me, I would probably hint around very heavily that I would like to be gifted an art piece!
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4 March 2019 | 10 replies
You still have to pay it back - nice gift huh!
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6 November 2018 | 48 replies
I should add that the one time I did supply them for a tenant they were a 'gift' from a friend trying to clean out a storage unit.
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3 August 2022 | 2 replies
A gift down payment and commercial loan since we were not living in the property at the time.
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24 December 2014 | 13 replies
If he gifts you the money their will be tax on it.
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8 January 2015 | 3 replies
Sounds risky,Also, I assume unless ALL that "private money" is gifted (which it probably isn't)... that there's surely a higher interest rate to be paid on the borrowed funds for the down payment.
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10 August 2015 | 0 replies
Not 100% clear on the process for this, nor the tax implications in doing so (e.g. depreciation recovery, gift tax, etc.).4.