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Updated about 7 years ago on . Most recent reply

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Pam J.
  • Pittsburgh, PA
1
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15
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How to get the money from our investor?

Pam J.
  • Pittsburgh, PA
Posted

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?

Thanks!!

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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,176
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

They should wire it directly to the closing company.  It definitely shouldn't go directly to your (the buyer's) bank account.

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