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11 June 2024 | 5 replies
With family, you should consider just giving him a gift.
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9 June 2024 | 18 replies
As someone else already mentioned, you cannot use gift funds for the down payment on a conventional investment property purchase.
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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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11 June 2024 | 9 replies
Guest experience is one of my favorite STR topics!
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10 June 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!
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10 June 2024 | 11 replies
Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.
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10 June 2024 | 9 replies
Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.
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9 June 2024 | 6 replies
Gifted down payment funds are generally allowed.
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9 June 2024 | 5 replies
My mother is being gifted a parcel of her family land near Charlotte, in Union county.
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10 June 2024 | 22 replies
You can "gift" funds to her.