Structuring Ownership when Another Person Holds the Mortgage?

[Ed Maione]

Hi All - I am in a situation where I have a lot of cash available to invest but am tapped out for financing. I know many investors choose to partner with bankable friends / relatives which would work perfectly in my case, but I'm wondering how the ownership works? Obviously the mortgage holder would need to hold title to protect their liability, but as the main investors (cash and labor-wise) we too would hold title, correct? Or would our protections be laid out in more of a partnership agreement document rather than ownership? Any advice is greatly appreciated!

[Dean Cacciola]

I've seen a note, mortgage or an agreement used. As Long as both sides have skin in the game that should work out OK. I would leave ownership in your name preferably or company LLC name.

If not it’s family I’ve seen where they could have it in their name but there’s an agreement that you own half. You always can record the agreement at the courthouse.