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Updated over 3 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Roli E.
4
Votes |
7
Posts

Can I sell a property to my spouse

Roli E.
Posted

Hello everyone,

I found a 4plex I am interested in and a lender that would accept a 5% down payment, however the seller wants to carry a note on the property for 6 months and she wants me to put down 25%, this is a large amount  that I do not want to tie down right now. I am getting married in 2 months, is it possible to purchase  the property while I am still single and sell it to my spouse in March next year so he can put the 5% down that he was pre approved for ?  We currently live in different states  and plan to file our 2021 taxes separate.

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