Quote:
Originally Posted by tomwed
Can I sell half my house to my brother and his spouse and have 4 names on my deed?
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Yes, you can sell half of your house to your brother. My Mother was one of the original owners in the Villages. When she died, my two brothers and myself had the property put in our names. Since then, we have bought out one of the brothers, so now there are two of on the deed. My brother does not use the property at all. We use it about 4 months in the off season...because we love the Villages. We rent it for Jan/Feb/March to the same couple that has been coming for the last 12-13 years now...and they love it as it were their own. If I couldn't rent it for those 3 months, then we couldn't afford to keep it, since the expenses are pretty high (Utilities, homeowner's due, yard care, maintenance, upkeep, replacing things that break down like A/C, kitchen appliances, new carpeting every few years, replacing roof, painting interior and exterior, etc.
So, we welcome the rent and cherish our couple that rent it and take care of it as it were their own house. So, renters aren't a bad thing. Something for this poster to consider while making judgments.