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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateLLC as Mortgage co-signer
Mike Mcginn's profile image
Mike Mcginn's profile image
Mike Mcginn
  • Rental Property Investor
  • from Santa Ana, CA
  • Member since Sep 29, 2011
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Mike Mcginn's profile image
Mike Mcginn's profile image
Mike Mcginn
  • Rental Property Investor
  • from Santa Ana, CA
  • Member since Sep 29, 2011
Connect
Mike Mcginn
  • Rental Property Investor
  • Santa Ana, CA
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Buying & Selling Real Estate

LLC as Mortgage co-signer

Mike Mcginn
  • Rental Property Investor
  • Santa Ana, CA
Posted Sep 29 2011, 17:04

Can an LLC co-sign on a mortgage loan? I have clients who want to purchase an investment property together. One partner is in a good financial position. The other partner has cash, but his ratios are terrible because his income is undocumented. Can the "weaker" partner start an LLC, have the LLC invest with the "stronger" partner. The weaker partner wants his LLC to be liable for the loan so that he can take the mortgage interest deduction.

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