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Updated almost 5 years ago on . Most recent reply
Adding Spouse Back after Quit Claim- More than 10 properties
Hi BP experts,
So here is the situation I find myself in. Between my wife and I, we have 11 properties. I have the primary residence which generates no income and for the properties which I own, I have done cash-out multiple times so overall my D/I is hitting the max.
Is there a way, I can move one of my properties to my wife (we are in CA and she has quit claim all properties before) without any tax implications, to open up my D/I
I was thinking of refinancing, adding her back, and then again refinancing and removing myself but given we collectively have more than 10 properties, this route will not work.
Any other ideas?
Thanks!