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All Forum Posts by: Cole Payton

Cole Payton has started 4 posts and replied 11 times.

Post: 5% down, can my wife purchase the property in her name?

Cole Payton
Posted
  • Posts 11
  • Votes 9

I'm new to Investing - looking for passive income on rentals and the area I live in is of high demand. I'm a home owner and recently married. My wife doesn't have a primary residence in her name. At 2.5% interest rate, it doesn't make sense to refinance just to put her name on the property. We've found a property, but of course, like most, we only want to put 5% down and use all other cash for renovations. Should she purchase the property in her name? Will this allow for 5% down and opportunities to rent out faster? Thanks!