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Results (5038)
Greg Routen Confusion on Gifting $$$
3 June 2017 | 3 replies

My dad has been kind enough to help me get started in investing in real estate. I know I need to discuss with a CPA but wanted to get some opinions on the best approach for my situation. He is going to give me all the...

Javi Hernandez Taking a loan out on my house to finance first deal.
16 March 2017 | 3 replies

So, my father wants to transfer his house which is fully paid off by the way, over to my name soon and I was pondering the idea of taking a loan out on the house to finance my first deal. Curious to know what advice y...

Jim Stevenson Is this considered mortgage fraud?
16 June 2017 | 12 replies

If I take a gift from a friend to cover the entire 20% down payment for an investment property, can I then pay that friend back with a personal loan? Would that be considered mortgage fraud? Can a non-family member ev...

Nghi Le Best Way to Gift Property to Family to Avoid Taxes
12 June 2017 | 12 replies

My brother-in-law has a primary residence (with no mortgage) that he may want to sell to us in the future (and we want to rent it out or do AirBnB).  However, we want to minimize taxes for him and for us.  Currently h...

Rhondalette W. Please advise-15% down or 20% down- gift money issue
24 April 2016 | 10 replies

I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...

Menalik Archer Private money or hard money under 50k
22 May 2019 | 9 replies

I have a duplex under contract  for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...

Jessie Niu Advice PLEASE! Can't use gift money for investment property??
17 October 2015 | 6 replies

My mortgage broker just told me that I can't use gift money from my parents as down payment for investment property due to the rules from FHLMC and FNMA. What? I never knew this! The mortgage company can't give me the...

Account Closed Best credit cards for buying home improvement/rehab material
6 July 2015 | 17 replies

Hey guys.  Been trying to figure out the best way to pay for the construction materials, and best thing I could come up with is the Citi Double Cash for 2% cashback.  The Home Depot and Lowe's cards I don't think are ...

28 November, 2023
Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending. If you love the holiday season but are more into frugal festivities, we have just the episode for you. Whether...

John Korinke Is this a good deal for funding first rental?
17 September 2018 | 5 replies

Hello everyone, I'm looking to get my first single family rental property soon and was hoping to get some advice.

I was planning on borrowing a 20% down payment along with rehab costs from my mom and giving her a 12%...