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Forums » General Real Estate Investing » Does wife have to go on title if purchase is soley to wholesale/flip?

Does wife have to go on title if purchase is soley to wholesale/flip? Subscribe to Does wife have to go on title if purchase is soley to wholesale/flip?

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Tag Tags: wife title


T.P. Henry

Real Estate Investor · Tallahassee, Florida


Forum_avatar_avatar-flaboy

Dec 18 '09, 09:55 PM

Hello everyone, have a question; Does wife have to go on title of properties if purchase is soley to wholesale/flip? Don't have a problem if this is the case, just need to know. Thanks for any input and advice. I love this site!!

Edited: 06/26/2010 at 10:54AM


Jason S.

Real Estate Investor · Upland, California


Forum_avatar_avatar-jcc

Dec 18 '09, 10:19 PM

Your title officer should know the specifics for your state. (of course a lawyer is the best to ask, but the TO should be satisfactory)

In CA the wife signs off on acquisition if she is not on title.

Edited: 06/26/2010 at 10:54AM


T.P. Henry

Real Estate Investor · Tallahassee, Florida


Forum_avatar_avatar-flaboy

Dec 18 '09, 11:11 PM

Thanks JCC!

Edited: 06/26/2010 at 10:54AM


Josh Green

Banker · Tampa Area, Florida


Forum_avatar_avatar-j20a00g

Dec 18 '09, 11:16 PM

i dunno if its all of FL, but in my county the spouse just needs to sign acknowledging as well...

Edited: 06/26/2010 at 10:54AM


T.P. Henry

Real Estate Investor · Tallahassee, Florida


Forum_avatar_avatar-flaboy

Dec 18 '09, 11:24 PM

Originally posted by Josh Green
i dunno if its all of FL, but in my county the spouse just needs to sign acknowledging as well...


Thanks for the response.

I used to be a mortgage broker some years ago, and in Florida on residential properties with convetional loans and what not, the spouse is technically to be included on the title. I'm not sure if that's the case when dealing in investment properties. I'll probably give my title company a call just to get a clear understanding.

Edited: 06/26/2010 at 10:54AM


Ted Akers

Private Money Lender · Denver, Colorado


Forum_avatar_avatar-tedakers

Dec 19 '09, 12:13 AM

Hello T.P.,
You always want to check state specific statutes. A title rep should know and an attorney is even better. If you are wholesaling/flipping most experts suggest purchasing in the name of an entity for liability purposes and depending on your situation tax purposes (it is also required for transactional funding companies if you are flipping bank owned properties as we do not lend to individuals), in which case it is unlikely that the wife needs to sign.
To Your Success,

Edited: 06/26/2010 at 10:54AM


T.P. Henry

Real Estate Investor · Tallahassee, Florida


Forum_avatar_avatar-flaboy

Dec 19 '09, 12:38 AM

Thanks Ted For the Info. I also accepted your colleague requests. Hope the mortgage biz picks up for you

Edited: 06/26/2010 at 10:54AM




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