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How would I buy a house as an investment for my son without it being a commutative property?

I am married and I have a son with my husband whom have children of his own. I like to buy a house as an investment for my son without the knowledge of my husband. Please advise, should I set up a corporation or trust fund... I am not familiar with these set up. Thank you

Public Comments

  1. Sounds like you have a wonderful relationship, hiding a large purchase like that from your husband....what if he did the same to you? Anyways... Check with your state laws first of all, to see if you can do this. (Dower Law). Here in Michigan, we have one...a wife can purchase property on her own without his consent. Talk to an attorney about the legal aspects of it, according to your son's age. If he is a minor, there are other laws governing this. Best of luck!
  2. In California we have a community property state so purchasing property here and in other community property states your husband would have to sign a quit claim deed for your purchase. Other states that are not community property states your husband will not have to sign a qut claim deed. You have to find out in which you reside. Now the corporation route will work, you can set one up and purchase the house through the corporation, without him having to sign a quit claim deed. You and your son could be share holders of the corporation. There are many companies that can assit you in setting up a corpoation or you may use an attorney or para legal, though they are not necessary. Look in your local paper,perhaps under business services. Now you will have to find a mortgage broker that have access to lenders that will allow corporations to borrower money and leave the title to the property in the name of the corporation. You can find that out by calling mortgage brokers listed in your telephone book to see if they have lenders/investors that will allow this type transaction. What are you going to do if your husband find out and he will eventually. That is one way of doing this transaction. I hope this has been of some use to you, good luck. "FIGHT ON"
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