Putting Parents On Title To Protect Asset?

Home Page Forums General Real Estate Investing Putting parents on title to protect asset?

Viewing 1 post (of 1 total)
  • In Progress
  • Profile Photo
    Blair |

    Posted 1 Week Ago

    1 Posts Total

    Hey all,

    I'm a single person that is buying a house in Washington and it will just be me on the mortgage. I'm an only child and are very close to my parents, so I was thinking if there are any advantages of putting them on the title.

    One consideration is if I get married in the future, and god forbid I go through a divorce, then there will be more ownership interest on “our side of the family” instead of it being split 50/50, esp. if they help with a couple mortgage payments here and there.

    However, not sure if there are any major downsides such as tax issues when we sell.

    Thanks all.


Viewing 1 post (of 1 total)
  • This topic has 0 replies, 1 voice, and was last updated 1 week ago by Blair.

You must Login or to reply.