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Updated over 5 years ago,

User Stats

11
Posts
9
Votes
AJ Dhillon
9
Votes |
11
Posts

Providing 50% DownPayment + don't want to be on Mortgage - JV?

AJ Dhillon
Posted

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.

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