Entertaining clients for coffee, lunch, welcome home gifts, may be $100 a month really depends, but small residential deals, you might get by that cheap.

My thought is to just gift the money for the down payment to my mother.

I suppose perfectionism can be a gift and a curse.

but make sure you have something to offer...for example, offer up your side of the commission on any deals where they re the listing agent.Once you've donea deal, stay in contact, send chocolate to the office, send holiday gifts/cards, etc.

Could be a tax issue for your relative since the IRS could consider it a gift and you might have to pick up the interest as income.

Originally posted by Ofgift Gift: Is he required to by state law?

Just 23, I was gifted money by my grandparents and lent money by my parents for a deal that I closed on earlier this year.

You can purchase 2-4 units under Home Possible with 5% down payment (3% your own seasoned funds rest can be gift) as primary residence. 

I know of a similar situation, where the property was bought by the Father of 2 adult women as a gift for them.It was a cash sale, and they used the house as an office (with no mods to it).Both girls had been long time riders, and through some paperwork their husbands owned no of it (if they divorced or otherwise).They made a few bucks, but were not getting rich...and loved all of the renters owned and leased horses.I point this out regarding prospects (cash buyers vs those who would borrow for this).Just my 2 cents.

They said something about a gift but is there an easier way to do this?