No problem.I am happy to pay in cash, check, wire transfer, Chilie's gift cards... for consistently used contractors you can even set up a local joint checking account, transfer it in, and let them scoop the money out. 

That being said it seems like a great way to get into building equity quick in a distressed property without resorting to hard money, large gifts, private loans, or big reserves of cash that take years of working to amass.

Maybe some family member gave them as a hopeful gift.

Most of my clients however have used their gifts to focus on other income streams that can, in turn help them buy income producing assets with me and on their own.My advice: keep your 100k liquid for now and focus on getting more business and/or financial education.

I said people should be careful making decisions that limit future options without understand so, at least until we perfect time travel.Maybe some people DO want to give what you call a lottery gift, that's up to them.And I'm not aware of term that has a guaranteed purchase rider option, which my policy has, so I will forever have the option to increase my coverage at my option, but to the extent that term policy option affordably exists maybe it's a good option too.  

Here's a way to build credit while in college: many times on college campuses there are numerous credit card companies that offer guaranteed approvals or  get a free gift with immediate credit card approval.

@Jenny Duclair Not an impossible deal to do if the buyer can gift equity to you as the down payment.

What is the best housewarming gift that you bring to your first meeting with a seller?

He focuses on Delay claims and is gifted at boiling down complexity into a simple, visual set of facts.He has represented me several times and can speak to his talents directly. 

She was not for it, just wants "to be done with it" and sell the house as-is.So, instead she is willing to sell the house for $315k, give $15k as Gift of Equity towards 5% down payment.Here's the twist.