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Updated about 3 years ago on . Most recent reply

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David Easley
  • Member since Oct 19, 2018
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David Easley's profile image
David Easley's profile image
David Easley
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David Easley
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Goals, Business Plans & Entities

Does it matter who is on the mortgage/title?

David Easley
Posted

I'm going in on a 50/50 partnership on a house that will be rental. We're going to setup an LLC to manage the house through, but we wouldn't be able to get a loan in the name of the LLC.

Should we both have our names on the mortgage and both have our names on the title of the house? Or does that matter? Can one of us do that and we just develop some kind of contract outside of that regarding shared ownership?

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