All Forum Posts by: William Freeman

Hi @Dave Skow,

That is part of my question. What is the best way to structure it? From my understanding most people in similar situations just would have them on the deed and I would be the only one on the loan. As a few others have mentioned their funds would have to be seasoned, correct? They want to be able to buy in on a deal I am looking at and would purchase with an FHA loan. They would be using some of the equity that they have in their current house in the form of a HELOC. I assume that would not justify as being seasoned money.

This was very helpful thank you.

My parents are looking at partnering with me and my wife on a triplex. I am going to be living in one of the units to be able to qualify for an FHA loan. My parents want to be able to gift me the money for the down payment and then be 50/50 partners on the deal. How have others structured similar partnerships? Is there anything to avoid or to be sure to do when having money gifted as down payment? I know there have been BP episodes about this tagging the links to them would be helpful too. Thank you in advance. Any advice is appreciated.

Thank you. That makes a lot of sense. 

I am looking to see if there is anyone who has invested in rock springs or green river on this forum. Who are the realtors to go with and who should I stay away from? I am also interested in coordinating a meet up with other investors as well in the area.