Good morning BP,

I have a very specific question for some of you more experienced investors. To begin I have a few deals under my belt now, I began investing last year right around the time corona virus was hitting the headlines. I am to a point now where I have exhausted my personal resources acquiring properties and I would have to wait at least another 6months or so to built up the down payment for another property. As the title indicates, I have no intentions of waiting, I want to use other peoples money. I have some close friends and colleagues who have seen my success/cash flow on my recently acquired homes and they would like to help finance further homes in return for a stake in the profits. My hypothetical question is this; if I have Friend A who wants to give me $20,000 to help finance a deal, what are my tax obligations, if any, on the money he gives me? I have spoken to lenders in my network and they say as long as the amount given to me is in an account for two statement cycles they wont be looking into it any further. But I have my concerns as far as the federal government, are they going to care about me being given money to use in deals? or does this fall under the gift tax codes? I cant really seem to find a clear answer so I'm asking here.