LLC on Deed, but not mortgage
Hi everyone,
My partner and I are looking to purchase property and potentially bring on a third money partner. To be more clear, this third partner would provide the down payment and get the loan in their name.
From what I have read, my partner and I can be on the deed even if we are not on the mortgage. So, my first question is, is that correct? Has anyone ever had issues with a similar situation?
My second question is, can our LLC be on the deed, but not the mortgage? Or does it have to be our personal names on the deed?
Any and all advice is much appreciated. Thank you in advance.