Say I was gifted a commercial building that I operated a bar/restaurant in and it was appraised for $2MM.Then I "sell" the building into an LLC, which I would also own, for $800k.That price of $800k is because a lender will offer 70% of the purchase price - not the appraised value - and I need a total of $560k to pay off a lien and take some cash out.  

@David Chase Basically, the easiest way to understand for most people.....

Give the current tenants a $100 gift card and offer to have the place professionally cleaned (or offer to provide sanitizing materials) after the showing is done.

There's also the option of "gifting" funds to your son for their purchase in which case there can be parameters around doing so, such as a certain amount of days for the funds to season.

The easiest way to check is to get a copy of the HUD-1 settlement statement or closing statement from when the seller sold the property to the buyer.

You get a $25 gift card, I get a discount as well.

I was hoping to post some before and after photos...but not completely sure how to on this platform (I'm new).I tried in the post...but it only shows the one pic.What's the easiest way?

It's the easiest to qualify for, has the most flexible debt to income requirements, there's no mortgage insurance, the rates are lower, and of course, zero down.

We have an LLC we currently use, we are thinking to purchase in the llc as conventional with 20% down, some money will have to come from “gifts” for the down payment.

Certain transfers to trust may be a gift subject to gift tax.