Loaning Down payment

5 Replies

I have a deal lined up to buy a duplex in Wisconsin. My parents own a few rental properties that are paid off and we are interested in taking out a HELOC on one of their properties and using it to fund the down payment on my deal. I would then use cash flow to pay their HELOC payments until we are squared up. I understand they can't gift it to me, so can they come on as investors instead since it is not a gift?

@Darren Budahn , think that also puts them on the title.

I'm sure you know 

under Conventional Loans and with that, the regulation is "no part of the down payment can be from borrowed funds".

btw; this is a duplicate thread to

https://www.biggerpockets.com/forums/50/topics/392874-down-payment-from-family?page=1#p2471375

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