When you are dealing with a couple that invests in a property together, there are often discrepancies at play. Sometimes they have different savings levels, and sometimes they have put away different amounts of money to use towards a down payment.
In many cases, this leads couples to ask whether they can split the ownership stake based on the percentage of the down payment they cover. Then, when it’s time to sell, can the capital that was injected into the property be paid out according to each person’s proportional investment?
The answer is actually yes – you can 100% set these things up with your notary.
It’s as easy as splitting the ownership on the deed of sale. You could also create a separate agreement that states how the injected capital will be paid out if and when the property sells.
There is always a creative approach to things like this, and our team has tons of experience preparing different strategies for different clients based on their needs.
So, if you’re thinking about dividing your asset investment in a nontraditional way, reach out! We will be sure to come up with a solution that works for you.