Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 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!

Loading replies...