off the wall question...
My son is buying a home for his dad and I....(my son is wanting to aquire rentals)...In turn we plan to lease it from him...or do a contract to deed........My husband makes good money, its just we are not in a position to buy with our credit score at this point in time.....Besides my sons fica is much better and will bring a better interest rate......THE question is.....by putting my husbands name on the deed what does this entitle him to or with on the house.....If something should happen to my son.......or as a tax write off at the end of the year etc.
Thanks, Mrs.
First, your CPA would be the best resource, or possibly your attorney, regarding this matter.
But off the top of my head (and these are only opinons based on experience) if he is on the Deed then he's not renting. If he's not renting it's not an investment property for your son. Follow?
Didn’t find what you were looking for? Ask a question!
Ask a question
|
|
|
|
|||||||||||
|
|
|
Fair Housing and Equal Opportunity