So this is a situation between 3 people, my cousin, a guy (lets call him Tony) and myself. My cousin can not purchase a property due to his immigration situation. Tony is an American citizen but very irresponsible and not trustworthy anymore. My cousin was highly interested in purchasing a house a couple of years back, by using Tony help, by my cousin putting down his hard earned money and signing the house under Tony name.
Over the years my cousin has been on time with the payments, but my cousin no longer wants the house under Tony name so he wants to transfer the house to someone who is responsible. He wants to transfer the house under my name, and I don't mind helping him. But I have been thinking about maybe having the house transfer from Tony name to a corporation name under my name?
Advice?
Over the years my cousin has been on time with the payments, but my cousin no longer wants the house under Tony name so he wants to transfer the house to someone who is responsible. He wants to transfer the house under my name, and I don't mind helping him. But I have been thinking about maybe having the house transfer from Tony name to a corporation name under my name?
Advice?
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