@Jason Bohling hey Jason, it happens and especially at the smaller end of contractor companies, even good, licensed ones, personal issues can blow them up.It sounds like your family friend had a trusted sub that had a drinking, financial, romantic setback and flaked…it’s not uncommon.Meant to make you feel a little better…I’m sure your family friend feels burned too, and it’s likely they had legit good experiences with the guy until this

With a traditional investment property loan via bank, I was told you can not use gifted or use non-certified loan monies on the down payment (note that this is different if you are planning to inhabit the building).

Never look a gift horse in the mouth .

Go ahead and make your lease with your child market rate and then gift them back whatever you want to up to the annual limits ($16K from each spouse to anyone they want). 

I find the most success when pairing my direct marketing with events and/or gifts.

Can someone please help me to understand the lending process.Can investors use a gift from a family member for a down payment?

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.  

Thanks again'Sincerely, Ryan Stack a gift of equity on top of a seller credit for closing costs, make the nominal contract purchase price the top end of what it'll appraise for.

Is it customary for clients to get a closing gift for their agent? 

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