Investing With a Partner Using Conventional Mortgages

[Andrew Baisley]

Quick question about investing with a partner...

If we avoid forming an LLC or S-Corp for the first few deals, to perserve access to conventional financing, will the bank look at both of our assets or do we have to just choose one person for each mortgage?

Assume that we've worked out the terms of our partnership in writing (this question isn't really about that - understand the downsides, risk and liability issues). We plan to form a corporation once our options for conventional financing dry up and we'll move the titles over to those when the time is right.

Question is: if we're each putting up 50% of the money, how will the bank view that under conventional financing for a non owner occupied 2-4 family.

Thanks in advance!