Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
Retaining original owner on deed on a sub to deal
Hey friends!
I am attempting to structure a deal where I am added to a deed as a 50% owner. I would assume all aspects of management including finding renters, maintence, paying the mortgage, etc. The original owner of the home would retain his 50% equity and be completely hands off. We would keep his mortgage.
If the owner is still present on the deed (though my name would be added) would their be a concern for the due on sale clause to be called? Also, when adding my name to the title, is there a way to stipulate equity ownership? Thank you thank you for any insight from those who have experience w/ sub to!