Updated over 11 years ago on . Most recent reply
LLCs and Partnership questions!
I'm planning on reaching out to some different people to form partnerships on SFRs.
They would put the money up and we would split income and equity.
I plan on setting up an LLC with each partner (planning on having more than one) and hopefully putting any properties we buy under the same LLC. One LLC per partner.
1.) Can/should I stay off the mortgages for the properties? If my name is on the loans, doesn't that make it harder for me to get loans in the future past 4 properties?
2.) If I'm not on the loan, can I still get my name on the title to make sure I still have control? Or would this be handled in the operating agreement of the LLC?