All Forum Posts by: Laura Berkobin

Hi Everyone! 

Close relatives buying rental property together but one person (myself) will be the operator with down payment help from family members. I'm curious on how best to structure this approach: Who owns what, who gets what, rental income & depreciation (all tax treatment). I've thought of 3 different approaches - 

1. co-borrow...multiple parties on deed, entitled to % rent & depreciation based on investment, have "access" to property

2. co-sign...multiple parties not on deed, negotiate % rent & depreciation based on investment, no legal access to property

3. side-deal...parties gifts the down payment, operator must qualify for loan, all other details TBD

Are there more approaches/options?

Not sure what I wrote above is accurate or relevant, looking for feedback on how other's have handled this and why, what are the advantages or disadvantages, things to avoid, etc.

Thanks!