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Old 05-05-2006, 12:08 PM
CindyP CindyP is offline
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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?
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Old 05-05-2006, 01:14 PM
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kyle422 kyle422 is offline
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Default Re: Wording for titles?

Put the titles into a trust.
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Old 05-05-2006, 02:53 PM
CindyP CindyP is offline
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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.
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Old 05-05-2006, 04:55 PM
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Default Re: Wording for titles?

you would really need to seek the advice of an attorney on how to go about this.
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Old 05-06-2006, 07:08 AM
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Jim Erickson Jim Erickson is offline
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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.
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