(B) Joint returns For purposes of this subsection, a husband and wife making a joint return for the taxable year shall be treated as 1 individual.

Are there any additional legal head aches?

E or other tax schedules, this method would allow you to get conventional loans, you both have unlimited liability).You need a written agreement either way, and it's a good idea to get an attorney involved who has experience with real estate entities and joint venture arrangements.

He was also ordered to pay $6,115,965 in restitution, jointly with Jason Simcox and Kevin Simcox.

You can also market to other wholesalers that you can do a joint venture with where they bring the buyer and split the assignment fee.Good luck!

If I am not mistaken, if your name is on a loan as a borrower,whether individually or jointly that counts as a loan against each party.You might consider one borrower per property and then transfer into the entity of choice.

It sounds more like you are doing a joint venture as opposed to a lending transaction, based on how you intend to split the profits.

Hi Seth,I have not seen a contract like you describe, but most rental contracts contain a "joint and several liability" section that would make all tenants liable for rent, damages, etc. in case one or more moved or could not pay.

Because we had a joint checking account, I was able to deposit these.

It allows our tenants to make their payments online via ACH transfer or tenants can mail us a money order.