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Updated almost 5 years ago on . Most recent reply

Tyler Rowley's profile image
Tyler Rowley's profile image
Tyler Rowley
  • Investor
  • from Providence, RI
  • Member since Oct 22, 2019
  • Posts 51
  • Votes 16
  • Experience 10 Yrs
  • Investments 6

User Stats

51
Posts
16
Votes
Tyler Rowley's profile image
Tyler Rowley's profile image
Tyler Rowley
  • Investor
  • from Providence, RI
  • Member since Oct 22, 2019
  • Posts 51
  • Votes 16
  • Experience 10 Yrs
  • Investments 6
Tyler Rowley
  • Investor
  • Providence, RI
16
Votes |
51
Posts
General Real Estate Investing

Raising Money for the Down Payment

Tyler Rowley
  • Investor
  • Providence, RI
Posted

I just watched a RE video by Ken McElroy which I found helpful. I have a question  though. He mentioned raising the down payment for a house from an investor ($22,000 for a $110,000 home). Will a bank allow that? If the money isn’t seasoned for 2-3 months, it is my understanding that the bank won’t accept that as payment for the home. Am I wrong?

  • Tyler Rowley
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