He bought a big house to move into on the cheap, pulled the equity out at closing using a gift program, then gave the $$ to a holding company supposedly backed by real estate and hard money loans.

I have bought lawnmowers, build sheds, supplied clippers, bags, and everything you can imagine including HD gift cards to get necessary items, and NO tenant has EVER lifted a finger.

RIGHT. thanks for the answerIf I were to do this, I would buy the houses and gift them a face liftand of course invest all the money from property too property!

Every once in a while, I will leave them a gift card or something just as a thank you.

I swear if I had given them $50 gift cards they won't have been so appreciative.AFTER I finished installing them all at my properties I came across on a totally unrelated item which required that I look up some electrical code...Specifically 210.52B1 and 210.52B2, which states that SABC along kitchen walls counters and floors are to serve small appliances - toasters, coffee machine etc...and can't be used for anything else - not even be used for a desk lamp or under cabinet lights...HOWEVER, now we have USB receptacles built in on these receptacles so even they have small amp draws, technically it's a code violation!

If you feel lost in the process then yes you should bring someone in who can hold your hand through the process, but if you feel like you have a handle on the transaction then I wouldn't add an agent into the mix because it will cost for their help.You could get some help from your local real estate club or find a mentor that will help you for free (you can buy them a small gift for helping you) but there are a lot of smart, experienced people who are willing to give you a hand if you get stuck.But if you still feel like you need some to take you through the process step by step then get an agent.I hope this helps and good luck :)

If your communication with prospective sellers and buyers looks like you're running your business entirely from an iPhone by texting, you don't come across as someone very close to the money (or even the person who knows the person with the money).I'm going to give you two gifts, absolutely free of charge.

24,Bad credit, and 40k tells me the money was gifted.

I thought about having my boyfriend who lives with me buy it, then gift it to me.

Otherwise, it will be considered as a gift funds.