Canadian Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Providing 50% DownPayment + don't want to be on Mortgage - JV?
I am sitting on some money I wanted to invest with some partners, but I'm not sure how to structure the partnerships.
1) We will both provide 50% of the down payments
2) I wanted to make the purchases without myself being on the mortgage or title. Partners income can qualify for the mortgages alone.
Is there any way to structure a deal like this?
I know in most JV's there's a money partner and a working partner, but since I am giving 50% of the down payment I am wondering how we would go about doing this and how I would protect myself. I don't want to be on the mortgage because 1) I don't have T4 income and 2) I want to get as many mortgages as possible once I start paying myself from my company.