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Updated over 10 years ago on . Most recent reply

User Stats

147
Posts
50
Votes
O'brian R.
  • Investor
  • Redondo Beach, CA
50
Votes |
147
Posts

Title under one spouse only, even with shared down payment funds?

O'brian R.
  • Investor
  • Redondo Beach, CA
Posted

I'm wondering if there are any issues with financing a property under my name and have myself on title only, but have the down payment funds come from my spouse's bank account. My wife and I have a long term plan to each finance 10 properties which is why we don't want to both be on title for each purchase.  I'm just curious as to whether we'll be required to put my wife's name under title because the down payment funds will come from her account. I suppose an easy fix would be to add myself as joint owner to her bank account (which she wouldn't mind). Thoughts?

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