Posted by Sue on January 28, 2008 at 13:17:38:
My domestic partner owns a house that needs a lot of repairs. I have some savings that could cover the costs, in return for my attaining partial ownership of the property which we will then rent. I’m assuming we’d need to change the deed and mortgage to include both names; are there other legal requirements? What are the tax implications? Would you consider this a real estate “investment”?
Thanks so much for your time and assistance. (We’re in Oregon)