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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
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General Real Estate Investing
HomeForumsGeneral Real Estate InvestingGift money for investment property downpayment
Jeffrey Townsend's profile image
Jeffrey Townsend's profile image
Jeffrey Townsend
  • from Charleston, SC
  • Member since Jan 10, 2016
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Jeffrey Townsend's profile image
Jeffrey Townsend's profile image
Jeffrey Townsend
  • from Charleston, SC
  • Member since Jan 10, 2016
Connect
Jeffrey Townsend
  • Charleston, SC
7
Votes |
32
Posts
General Real Estate Investing

Gift money for investment property downpayment

Jeffrey Townsend
  • Charleston, SC
Posted Aug 21 2019, 14:38

Is it true that you cannot use gift money as a downpayment on an investment property? I am being told by my lender that underwriting requires money in your account for 60 days. Is there anyway around this?

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