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Holding Title as partners

Posted by Bob H. on June 11, 2003 at 8:13 PM

Hi Ward. I have a question. I want to do a 50/50 split with an investor so we both get the tax write off and make a profit. Without the benefit of the "Title Holding Trust" can we hold title for a short time as, Bob Investor a married man and Joe investor a married man in joint tenancy? Would we create problems on the title transfer with quitclaim deeds from our wives or is there a better way to hold title in a partnership?
I still have to come down your way again and take the Holding Title class. Thank you for the training in january that I recieved. I am still learning something new every day. Bob


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