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Updated over 10 years ago on . Most recent reply

User Stats

28
Posts
17
Votes
Nathan Clark
  • Conroe, TX
17
Votes |
28
Posts

Private funding Question

Nathan Clark
  • Conroe, TX
Posted

I close on my 5th house in about 5 days and It will be funded by a private investor. My question is does the investor deposit the money into my account or are they supposed to wire the money directly to the title company?

I don't want to run into anything with the IRS or taxes because $100,000 goes into my bank account and then to the title company once I close in 5 days.

How do I do this transaction the right way. THANKS!

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