Looking for a way to switch names on a title

[Jordan Lagrassa]

here is my situation. My father in law is nice enough to let me use him as the person applying for the loan on properties we are looking to buy and rent. He is doing this because we have not closed on our primary residence that is being built and was told by my lender not to do anything that could effect my credit. So what I'm trying to do is once these properties are his and I have closed on my house I would like to transfer them into my name without having to pay a closing cost with the bank again. If we put both of us on the title could I take him off at a later time and not have to close again? If he put it in his will to transfer into my name would that work ? Any suggestions welcome thanks for taking the time to read this.

[Rich Baer]

@Jordan Lagrassa

      You can classify it as gift for a tax benefit or you can simply change the title to the property with no ramifications. If it has you concerned check with your Accountant or local Attorney. It is done everyday.

Rich Baer, Esq.