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Updated almost 7 years ago,
Partner Ship Question
Hello everyone, I’m creating a partnership with the intent to purchase a house. As many of us know, it is significantly easier to get financing in your own name as opposed to an LLC. That said, if I were to secure a loan in my name, can I add my partner to the title later? Can both names be on the loan and the title? How do I make sure that we both get to take our portion of the depreciation?
BONUS: Does anyone have an Operating Agreement for a two-person partnership I can look at? Any tips on what I should include?
Thank you!