Getting cash from Private Mobey Lender

[Vishal Amin]

Hi BP Community,

I am doing a BRRRR, getting the down payment from the a PML but they are giving me cash. How can I use that toward my down-payment? Will the hard money lender ask where this cash came from? The private money lender is a family memeber so they dont want to do any paperwork.

[Zach Edelman]

As long as it's not a recorded note, you should be fine. It would be considered a "gift" which plenty of Hard Money Lenders allow.