Buying a home with income qualifier but not putting them on title

[narf]

What is the name of your state (only U.S. law)? AZ and CA

Hello, I want to buy some rental properties and use a mortgage, however my income is not good enough, however I do have the cash for the down payment.
My girlfriend is willing to use her income as the coborrower. She understand that she is liable for the loan.
My questions is if I don't want her to be on title and she is okay with that, how do I go about on doing that?

Do we write an agreement before the closing that in a month or so after the home closes she quitclaims all ownership of the house to me?

Thanks

 

[Silverplum]

What is the name of your state (only U.S. law)? AZ and CA

Hello, I want to buy some rental properties and use a mortgage, however my income is not good enough, however I do have the cash for the down payment.
My girlfriend is willing to use her income as the coborrower. She understand that she is liable for the loan.
My questions is if I don't want her to be on title and she is okay with that, how do I go about on doing that?

Do we write an agreement before the closing that in a month or so after the home closes she quitclaims all ownership of the house to me?

Thanks

Is your gf insane?

It's not ethical or nice to steal from anyone, much less a disabled person.

 

[Antigone*]

What is the name of your state (only U.S. law)? AZ and CA

Hello, I want to buy some rental properties and use a mortgage, however my income is not good enough, however I do have the cash for the down payment.
My girlfriend is willing to use her income as the coborrower. She understand that she is liable for the loan.
My questions is if I don't want her to be on title and she is okay with that, how do I go about on doing that?

Do we write an agreement before the closing that in a month or so after the home closes she quitclaims all ownership of the house to me?

Thanks

Please have your girlfriend sign up to have a chat with us.

P Hx is quite telling.

 

[narf]

lol... if she wants to do it, hey it's cool with me.
I just want to make sure it is possible to be done. Can it be done before we close? Have them do it in escrow?
Or it has to be recorded that both of us on title and then afterwards change it?

Thanks

 

[Silverplum]

lol... if she wants to do it, hey it's cool with me.
I just want to make sure it is possible to be done. Can it be done before we close? Have them do it in escrow?
Or it has to be recorded that both of us on title and then afterwards change it?

Thanks

Please hire an attorney.

Good day.

 

[narf]

Give me some advice, so at least I know what is going to happen and what the attorney is going to do...
Thanks

 

[justalayman]

Give me some advice, so at least I know what is going to happen and what the attorney is going to do...
Thanks

It ain't gonna happen

 

[Silverplum]

Give me some advice, so at least I know what is going to happen and what the attorney is going to do...
Thanks

Don't date while you're married to another. Be a good father. Stop trying to think up ways to avoid supporting your children. Stop trying to think up ways to steal.

And stop telling us about your schemes.

 

[narf]

It ain't gonna happen

lol why not?
It is a free advice website... what would be the point of this site then?
Some knowledge is better than no knowledge at all.

 

[LdiJ]

lol why not?
It is a free advice website... what would be the point of this site then?
Some knowledge is better than no knowledge at all.

Yes this is a free advice website, and we are all volunteers...and we don't want to give any advice to you.

 

[narf]

Don't date while you're married to another. Be a good father. Stop trying to think up ways to avoid supporting your children. Stop trying to think up ways to steal.

And stop telling us about your schemes.

lol... this website is the best!

 

[justalayman]

lol why not?
.

because the people you will be dealing with will not be as dumb as the people they are dealing with.

 

[tranquility]

No one here is going to help as it is an extraordinarily bad idea. It could be illegal too. Depending on how things are reported.

 

[Antigone*]

lol... this website is the best!

You're definitely, not.