Hold house in LLC with a partner but only 1 name on mortgage

[Will Stahl]

Hello everyone,

I am buying a three family property and just got it under contract. My father has just retired and wants to be a 50/50 partner. He would rather not have his name on the mortgage. I plan on holding the property in an LLC. Is there a way he can supply me half the money for the down payment but not have his name on mortgage when I take the loan? When it comes to file for taxes we'd split everything 50/50 as well.

Who is a better fit for me to discuss with this - my Lawyer or my CPA? I'd love to have some insight here first on what you all think my options.