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Updated over 9 years ago,

User Stats

134
Posts
43
Votes
David Light
  • Rental Property Investor
  • Tomball, TX
43
Votes |
134
Posts

Partnering in TX from the UK

David Light
  • Rental Property Investor
  • Tomball, TX
Posted
I've searched the forums and still need some help. I currently live in the UK, originally from TX, and have a house under contract with a partner that's still in TX. The purchase needed to be cash to get the deal so we're looking to refinance within a year. I'm also paid in GBP rather than USD and have been told I can't obtain financing until I'm paid in USD when I move home. My partner is fine to obtain the refinancing with the bank in his name. Should the house be in his name or our partnership name? If it's in his name for financing purposes do we just have a written agreement outside of the deed that says the house is part of our 50/50 partnership? Thanks in advance for any help.