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Updated almost 3 years ago on . Most recent reply

How to structure a STR partnership
My fiancée, my brother and myself are looking to partner together to get our first STR. We are having trouble on how to structure the deal between us three. One idea is to get a vacation home loan in one person's name but have all three people on the title and/or can quitclaim into an LLC that us three are all on. We would like to not have the other two people's DTIs affected if possible so that those two people will be more easily able to get pre approved for another loan. Any advice on how to best structure this would be greatly appreciated.