When buying an investment property can closing costs be gifted as long as the 20% down is my money?

I live in michigan. Not sure if that's relevant.

Should I have gifted money in my account for a certain amount of time before applying for a loan?

I have a question. Lets say I wanted to buy a property for 70k. If someone gifted me the money for the property (the down payment on a mortgage), I would have to wait 2 months worth of bank statements for the funds to...

I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)Now the property is worth about 70K. I would like to transfer the title to my daughter...

I always here you have to be “licensed” to collect referral money, but then I watched a video on YouTube that says as long as YOU are not conducting in a way that you would normally need a license and you simply refer...

Hi,I am trying to use the gift as a down payment on my first property. I have an option of waiting two months for the money to become seasoned in my account before purchasing a property. I'd prefer not to wait. I've r...

We want to avoid going to a CPA, so thank you to any BP'ers in advance that can shed light on this topic. Maybe this is something you've gone through before?! We are new to this.So, my moms is gifting me a down paymen...

Hello out there,General question for you all.  What are the repercussions for me going on the title of a SFR which my father owns with no debt on the property (currently appraised for 175K.  The plan is to fix it up i...

I have been in talks with my parents about purchasing their current home and I'm renting at this time. Their mortgage is too high for them to afford but with my income/credit, I'd be able to purchase their property. T...

I'm looking into deal in Philly for a $250k triplex. I'd be jointly purchasing with one other person (we're not related), and he'll live in one of the units (I will not).  He has great credit and more than enough inco...