Structuring deal with partner getting the loan under his name

[Alejandro Lisson Ramirez]

Hi all,

I am currently based in Latin America (not a US-citizen) and I am looking to invest in rental real estate in US together with a partner. My partner (also a Bigger Pockets member) is a US citizen currently based in London (UK). At this moment, he is able to obtain conventional financing as he is a US citizen working for a US company.

One option we are considering to start investing in rental real estate is getting the loan under his name, and maybe adding both of our names in the title (if possible).

Here are a few characteristics of our agreement: both of us will be active investors as we will be managing the day to day operation of our rental, we will split 50/50 the down payment and closing costs of the property, and he will be taking more risk as the loan will be under his name.

We would like to know what would be the best way to structure such a deal. How we should split cash flow and profits generate from this deal? Is this type of partnership structure is common?

Any comments / insights are welcomed!

Thanks,