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Updated almost 13 years ago,

User Stats

132
Posts
30
Votes
Brad Z.
  • Investor
30
Votes |
132
Posts

Purchase Property with partner, mtg in one partners name

Brad Z.
  • Investor
Posted

I am in the process of acquiring a property with a partner. We are paying cash but will turnaround and get a HELOC pretty quick on it. The mortgage will be in his name, therefore the property will need to be in his name as well. We cant create an LLC and put property in it because he will be getting the heloc in his name only. Any ideas how we can structure it so we both ownership interest in it? Thanks for any feedback!

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