Purchasing investment prop w/o being on title in primary residence

[Stanton Ward]

Hi All,

I am in the very early stages of this journey and am trying to figure out what the best step to take needs to be when jumping in. My wife and I purchased our current home 5 yrs ago before we were married. I am not listed on the mortgage but am listed on the title of the home. Would this mean that purchasing an investment property in my name would be viewed as my first primary residence? Also, curious about what this would mean for future portfolio expansion (e.g. using her name or mine when seeking out financing).

[Clint Jusino]

Quote from @Stanton Ward:

Hi All,

I am in the very early stages of this journey and am trying to figure out what the best step to take needs to be when jumping in. My wife and I purchased our current home 5 yrs ago before we were married. I am not listed on the mortgage but am listed on the title of the home. Would this mean that purchasing an investment property in my name would be viewed as my first primary residence? Also, curious about what this would mean for future portfolio expansion (e.g. using her name or mine when seeking out financing).

@Stanton Ward since you are married now if you purchase a home both you and your spouse will be in the Deed. It's a law in the state of TX. As for buying your first rental you can say it will be your new primary residence to take advantage of the 3.5% FHA or 5% conventional. Im part of a DFW Investors group that i can invite you to and you can ask your questions there as well.