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Updated over 11 years ago on . Most recent reply

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Theodore Rivera
  • Investor
  • Houston, TX
35
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76
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Buying property in a community property state

Theodore Rivera
  • Investor
  • Houston, TX
Posted

I am hoping someone can help. I recently remarried a few years ago and my wife and I have begun investing in buy and hold properties. However we have a situation where we have a his, hers, and ours. Both her and I had property before we got married and we have since then purchased property together. We are however still looking at buying property in the communal State of Texas under the his and her category. These deals will be cash deals using personal funds. Any idea on how we can keep these properties from being communal properties?

Most Popular Reply

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Jerry W.
  • Investor
  • Thermopolis, WY
4,002
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Jerry W.
  • Investor
  • Thermopolis, WY
ModeratorReplied

@Theodore Rivera what you need is a post nuptial agreement. it would be best to have a Texas lawyer look it over even if you do not live there because you are buying land there so their state laws will apply. The cost will be determined by how complex you want it and who the attorney is. I have seen them range from $800 to $5000. Good luck

  • Jerry W.
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