Teaming up with a partner

[Stacy La Pineda]

Hi! We are starting out with real estate and have a potential partner that would like to team up with us. However, he does not want his name to appear on the paper work but we would sign paperwork on the back end stating this property is for the both of us. Is that fishy or it happens alot? Thanks! 

[Tamiel Kenney]

@Stacy La Pineda  Hi Stacy!  Although we only buy large apartments and not Single Family, someone leaving their name off of the paperwork but still having ownership would not be done. We do know of someone who is not legally able to sign their name to the loans so they have others (who are just eager to get their 1st deal) to sign on the loan for him.  In our world, if a partner cannot or will not sign their name on the documents, something is wrong!  RUN!  

Perhaps some SFI (Single Family Investors) can give their opinions as well.

There are LOTS of con artists in the real estate investing world!  The more you learn from other people's experiences, the better off you will be!

I'm glad you posted this question on BP and hope you get more feedback!