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Updated over 2 years ago on . Most recent reply

Can I use a private person as a lander?
Hello all,
Now that mortgage rates are crazy I was thinking with a family member he can land me money to buy a home with a much smaller interest rate.
This person is not from the USA and have no affiliation to the the USA . Is it possible for him to give me the money and than I will open an account in the USA under his name and pay him back every month with a certain interest? Is there a legal, organized way of doing that?
Thank you!
Most Popular Reply

Kerry Noble Jr
#4 General Real Estate Investing Contributor
Pro Member
- Investor
- Indianapolis, IN
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you can give him the 1st lien holder position like a mortgage. He could hold the note on the property and set up servicing of the note....