Best buddies buying a property
My best buddy and I are buying a property together. He’ll be putting up the capital and my role is to get the cash flow coming in for monthly payments. I want to be in the title but not necessarily on the mortgage. Should I ask the lender to put me on before closing? Or do I keep quiet and do it after closing? by hutton428 from Pine Grove, Louisiana. Dec 1st 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
I am not familiar with the laws of your state, but you can generally do it either way. But, if I were him, seems like he is taking out the loan, and putting up the money. So if I were him, I wouldn't put you in title at all... At least not in the beginning. Just my opinion. I lend in WI, MN, IA, ND, SD. Find me at WI-MortgageBroker.com / Cambria Mortgage, NMLS 274132
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