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Updated over 7 years ago, 06/11/2017

User Stats

46
Posts
3
Votes
Cameron Andrews
  • Real Estate Investor
  • Tennessee
3
Votes |
46
Posts

Multiple Names on a Title and Deed, bought through Private Lender

Cameron Andrews
  • Real Estate Investor
  • Tennessee
Posted

Hello,

I am JVing on a single-family home in Pittsburgh with 2 other Canadian investors.

The purchase closed recently, bought by one of the partners's LLC. The other two of us also want to show ownership of the property and mortgage loan, for two reasons:

a) security in the JV agreement of owning equity in addition to the cash flows

b) build a credit history and show proof of owning US real estate 

Can we be added to the title after the close? We are using a private lender to finance the purchase, so my thoughts are that they won't be as stringent as banks about this. Any insight would be really appreciated.

Thanks!

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