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Updated over 1 year ago on . Most recent reply

Nathaniel Irizarry's profile image
Nathaniel Irizarry's profile image
Nathaniel Irizarry
  • Lender
  • Member since Nov 17, 2023
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Nathaniel Irizarry's profile image
Nathaniel Irizarry's profile image
Nathaniel Irizarry
  • Lender
  • Member since Nov 17, 2023
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Nathaniel Irizarry
  • Lender
5
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29
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Personal Finance

Personal Loan Question for financing a home

Nathaniel Irizarry
  • Lender
Posted

I'm just getting started with property investing and want to purchase a multifamily home and househack. If I was to borrow money from my parents for a $100k down payment, how would I draw up a contract or record taxes on a personal loan. Do I offer a interest rate, and how do I report this for tax purposes?

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