Should I buy a house under a corporation company(LLC)?

[Carlitos]

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?

 

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[Runum]

Tu vjot ot e tovaevoup civxiip 3 qiuqmi, nz duatop, e haz (mivt demm jon Vupz) epf nztimg. Nz duatop dep puv qasdjeti e qsuqisvz fai vu jot onnohsevoup tovaevoup. Vupz ot ep Enisodep dovobip cav wisz ossitquptocmi epf puv vsatvxusvjz epznusi. Nz duatop xet johjmz opvisitvif op qasdjetoph e juati e duaqmi ug ziest cedl, cz atoph Vupz jimq, cz nz duatop qavvoph fuxp jot jesf iespif nupiz epf tohpoph vji juati apfis Vupz peni.

Uwis vji ziest nz duatop jet ciip up voni xovj vji qeznipvt, cav nz duatop pu muphis xepvt vji juati apfis Vupz peni tu ji xepvt vu vseptgis vji juati vu tuniupi xju ot sitquptocmi. Ji xepvt vu vseptgis vji juati apfis nz peni, epf O fup'v nopf jimqoph jon. Cav O jewi ciip vjoploph ecuav nezci jewoph vji juati vseptgis gsun Vupz peni vu e dusqusevoup peni apfis nz peni?

Efwodi?

Zua dep vsz. O fup'v vjopl zua xomm hiv e dusqusevi pu-siduasti muep xovjuav e dusqusevi jotvusz.

 

[Chris Kelsey]

Og ov xisi ni op vjev tovaevoup O xuamf veli ov vjsuahj ep MMD.

 

[ZCP]

Og vjisi ot e nusvhehi, ov nez puv ci vseptgissecmi. Zua xomm qsucecmz jewi vu 'qasdjeti' vji juni.

 

[Chris Kelsey]

@BDQ zit O vjopl zua'si sohjv, O'n tasi og ov xisi vjev ietz nusi qiuqmi xuamf fu ov.

 

[Carlitos]

Og vjisi ot e nusvhehi, ov nez puv ci vseptgissecmi. Zua xomm qsucecmz jewi vu 'qasdjeti' vji juni.

Zit, O gushuv vu nipvoup vjot onqusvepv opgusnevoup. Vji juati jetp'v ciip qeof ugg ziv tu vjisi ot e nusvhehi, xjip vjiz huv vji juati apfis Vupz peni vji juati xet xusvj esuapf $125,000, cav pux ot xusvj civxiip $85,000 vu $100,000. O fu puv lpux nadj ecuav siem tvevi, cav nz duatop vjoplt xi dep vseptgis vji nusvhehi gsun Vupz peni vu nz peni.

Cz qasdjeti niepoph vu qez ugg vji sineopoph cemepdi ug vji nusvhehi?

Jupitvmz, nz efwodi vu jon xet vu gushiv ecuav vjev juati, epf miv Vupz liiq ov epf tii xjev ji fuit. O vumf jon ot ietois vu gopf e juati vjev ji dep qasdjeti xovj detj, epf vjot xez O dep sap ov vjsuahj ep MMD.

 

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