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Updated almost 9 years ago,
Changing Title ownership to own more than 4 properties
Hi BPers,
I currently 3 properties- 1 Primary and 2 rentals. They are conventionally financed with both myself and my wife on the mortgage and the title. I am planning to refinance all of the properties and while doing that I want to be the sole person on the title and the mortgage. The reason of my doing this is to get conventional financing for 8 properties- 4 owned by me and 4 by my wife. I believe this is possible (please let me know if it isnt - I reside in California in case that matters).
The question is how do I go about doing it
Should my wife create a quit claim deed for all the 3 properties during the refinance? And is that enough?
After we have done the refinance and I have the title and the mortgage on my name, is there a way I can create a deed and transfer 50% of my stake in the property to her?