Two names on title only one on mortgage?

[Joseph Johnson]

Hello...new to the site but lurking for a year. I have a question on how to set up a system with my dad for purchasing investment properties. Essentially, he has a good chunk of cash, a few properties he purchased with all cash but he has terrible credit. I on the other hand have great credit, a couple properties but low on cash. We want to form a partnership where he supplies down payments and I qualify for the mortgages (in my name only) and then add his name to title after closing. Is there anyone out there who has run into this and made it work?

[Steven Hamilton II]

Yes, you can do this. I recommend adding him via a quit claim deed after the fact just because some banks may have a problem with it.