Do lenders like to see more properties through partnership, or...

[Mazyar A.]

Hi,

I have some cash in hand and so does a friend of mine.

I understand the pros and cons of partnership from partner's point of view and there are many articles out there about this. 

My questions is about the point of view of lenders. If in future I want to borrow from lenders for new properties, will they be happier to see for example I have 100% ownership in 5 rentals, or 50% ownership of 10 rentals? We can assume that the total value, equity, cash flow, etc. of those individual properties are the same. 

Also, do conventional lenders look at this differently from private lenders?

Thank you.

Maz

[John Leake]

In my experience they want to see your financial position through your tax return. Your debt to income ratio, net income, and down payment money. Anyone else you are bringing in would be evaluated the same. I'm not sure it makes a big difference about your ownership structure so long as it doesn't negatively impact the other numbers.