Purchasing Homes with your young children - Pros/Cons

[Chris Fuhry]

Wondering if it makes sense in any way to have my sons name on my next house/deal with me? He's only 5 and I really don't know if there is any benefit to having him on an LLC with me, or if it makes any beneficial sense to do so. Maybe saving on future transfers/taxes? Figured I'd throw that out to the group and see if anyone does this, or knows if there is any benefit? Thank you!