Quote:
Originally Posted by TheMentat
Not an expert with how your titling system works, but it seems that the only reason to do a search now would be to protect your real estate company. If a title search today reveals an problem, any associated costs / liability would be borne by your wife (and you) personally. If you wait until the title transfers to your company, those costs / liabilities would be borne by your company.
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The whole idea is for the expenses and liabilities to be born by the company. I want to do the rehab under the umbrella of the LLC's legal liability limits, it's insurance, credit, and better tax treatment, and to take advantage of vendor discounts that it gets. I'm not yet sure it's all worth it, the company may just partner with her (by paying off the mortgage) and leave it in her name until it's sold. It will depend on the costs of the title change, filing fees, etc.