LLC Mortgage Under Partner Instead of Me

[John Friendas]

Hey,

My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is half his). Is there a way to do this commercial mortgage with a LLC where the mortgage would never show on my DTI?

It's a multifamily investment partnership and we will have a separate contract dividing everything else 50/50. Thanks for the help!

[Jay Hurst]

Quote from @John Friendas:

Hey,

My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is half his). Is there a way to do this commercial mortgage with a LLC where the mortgage would never show on my DTI?

It's a multifamily investment partnership and we will have a separate contract dividing everything else 50/50. Thanks for the help!

You debt to income (DTI) is calculated from your income as well as your liabilities. What I mean by that is your income/loss from this property will show up on your tax returns. Any lender will see the income/loss in this manner even if the debt is not on your credit report.