We are closing on our first deal with an investor. We are buying a fix&flip with their cash.
Should they wire the money directly to the closing company? Or should it come to us so we have a tax record of it being inside our bank account?
They should wire it directly to the closing company. It definitely shouldn't go directly to your (the buyer's) bank account.
The deed will be in our name- if that makes a difference.
oh and it's a HUD house. Also in case that's important.