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Updated about 8 years ago on . Most recent reply
Investing while paying child support.
So I have kids with an ex which whom I pay a substantial amount of money to live comfortably because I make almost twice what she does. We have 50/50 custody and I am searching for ways I can invest in Real estate. My question is could I find a partner to go flip houses or buy and rent and only put there name on the house note and have my name on the deed to avoid a change in my income on paper? Or would I be required to claim half the profits and pay taxes on the property because my name is on the deed? Could my partner claim the profit and take the tax hit and pay me back under the table? How would this situation work?
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