Is is legal to be on title of property but not mortgage?

[Jabbar Adesada]

Hello BP I would like to buy a property, but I don’t have the income to qualify for the mortgage. What I want to do is have a partner get the mortgage in their name personally guaranteeing the loan and I will give them the capital with an interest rate attached to it that will be disclosed to the lenders. They will buy the house and I will run it/manage it etc and be awarded 100% of the ownership interest of the house either via quit claim deed or a joint venture agreement. Can someone tell me if my plan sounds like I’m doing something wrong, sound stupid, or it sounds crazy. I tried to speak to a lender about this and he was practically freaking out about it like I was doing something shady. This partner would be given 30% of net profit for guaranteeing the loan for the life of the loan being in there name. Any thoughts are greatly appreciated.

[Chris Seveney]

@Jabbar Adesada

Depending on the state have him buy it and have the two of you do an unrecorded contract for deed. Or a subject to.