The gist of it is because he will not have an equitable or legal interest in the property and he is giving you what will ultimately be a part of your equity (his gift) so the underwriter on the loan will require that this contribution be a gift because they want it to be clearly defined up front that there is no side deal that your paying your father back a predefined amount each month because then we'd have to factor in another payment to your qualification.

Seems that I have entered the "grey area" where I could begin to head full steam in one direction or another...The main factor for me right now seems to be that the financing for future purchases is guiding my decisio...

And the tenant has to agree to put an upfront payment of $20k with the guarantee that $10k will be refunded to him if he purchases the property at the end.My friend’s contribution:1.

In the past, there were several Florida MH investors that contributed here.

Assuming you can come up with the $10,000, do you qualify for annual contributions?

I see a wealth of information here and I am excited to learn my way around the site.I also want to contribute and share my perspective (where applicable and appropriate) and be an active member on the forums, helping anyway I can.

He is earning income from his full time job and you are being compensated for your contribution as well.

The business model taught by NationalREIA is to host a once a month meeting at a hotel, where you bring in an out of town guru EVERY MONTH, and sell stuff.Like most REIAs, we bought into this strategy for 2 years until I realized 50% of our members (back then) never showed up again after 4-6 months.This model contributes to lots of folks walking around "dazed and confused" about how this business really is suppose to work.In 2005, we bought our own building to teach our own classes using local investors who really do deals to teach.  

Since there are no replies, I take that as (a) no one has a possible answer or, (b) if they do, they'll PM it.If you can't contribute on topic, then don't.  

Hopefully, I'll be able to contribute as an experienced RE investor.