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Updated 1 day ago,
LLC Mortgage Under Partner Instead of Me
Hey,
My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is half his). Is there a way to do this commercial mortgage with a LLC where the mortgage would never show on my DTI?
It's a multifamily investment partnership and we will have a separate contract dividing everything else 50/50. Thanks for the help!