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Updated about 13 years ago on . Most recent reply

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8,666
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Jon Klaus
  • Developer
  • Garland, TX
4,014
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8,666
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Partnership with foreign investor on property with Fannie Mae loan

Jon Klaus
  • Developer
  • Garland, TX
Posted

I have a foreign partner. We have a Texas LLC with no transactions or assets yet. I am looking at buying a SFR and financing with a conforming Fannie Mae mortgage. How do I transfer a percentage of ownership to my partner without triggering a taxable event or potential issues with the bank?

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