Partnering to get a mortgage

[Ruan Joubert]

Looking to buy my first STR, I have private money to fund the down payment. But my w2 doesn't qualify me for a mortgage on this property.

Different options are available - such as partnrship with private lender where he signs for mortgage and I do the rehab and rental management.

Or creating a llc with ownership slipped between me and private lender 49/51 split so his income will be taken in account when applying for the mortgage but then I'll be a commercial loan.

Any advice on the above mentioned and or other suggestions that might be a better solution.

Thanks