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Thread: Wording for titles?

  1. #1
    Join Date
    May 2006
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    2

    Default Wording for titles?

    If we are going to just get started in investing in real estate, what do we need to know about titles? If we ever rent out a property, we don't want to have to worry about someone suing us and taking everything we've worked so hard to get. What are some better options for titles? How should we word them correctly?

  2. #2
    Join Date
    Oct 2004
    Location
    Florida
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    2,132

    Default Re: Wording for titles?

    Put the titles into a trust.

  3. #3
    Join Date
    May 2006
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    2

    Default Re: Wording for titles?

    Quote Originally Posted by kyle422
    Put the titles into a trust.
    Thanks! Can you tell me a little more about how to do this and how it will protect my investment?

    Isn't there a way to word the title in such a way no one can touch it? I've heard about wording titles properly, but I just didn't here *how* to do it.

  4. #4
    Join Date
    Oct 2004
    Location
    Florida
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    2,132

    Default Re: Wording for titles?

    you would really need to seek the advice of an attorney on how to go about this.

  5. #5
    Join Date
    Jun 2004
    Posts
    34

    Default Re: Wording for titles?

    You cannot "word" the title. The name(s) of the purchaser must be on the title whether it is John Doe or xxx, LLC. If xxx, LLC bought the property, that is the name on the title. You cannot create a fictious name. Like Kyle said, seek an attorney to discuss the proper enitity to set up.
    Jim Erickson
    Broker/Owner
    Showcase of Homes Realty, Inc.
    http://www.showcaseofhomesrealty.net

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