We teach kids the importance of sharing, right?
Well, if we’re honest, sharing can be challenging and complicated, even for adults. For example, how do two people share the title for a house?
Hey Moguls, Cody Sperber here, and in a recent post, I discussed the difference between a title and a deed. Now I’m going to build upon that by talking about 4 ways you can obtain title (purchase real property and its rights) with a partner or a spouse and the benefits of doing so.
A Little Background
When buying a home with somebody else, you’re going to have to decide how to take title. But before we talk about the 4 ways to do this, I want to mention the ramifications that will go with your choice.
The type of title you pick will have impact on:
- Division (if any) of ownership
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Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).