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Updated over 5 years ago on . Most recent reply

User Stats

3
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1
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Mike Da Silva
  • Investor
  • Toronto, Ontario
1
Votes |
3
Posts

co-ownership agreements without being on title or mortgage

Mike Da Silva
  • Investor
  • Toronto, Ontario
Posted

Has anyone entered into a deal with (trusted) partners whereby you will not be on title (nor mortgage) but instead use a co-ownership agreement to indicate ownership along with rules and responsibilities of each party? The idea would be to reduce your registered debt obligation when trying to finance another mortgage on your own later.

Any concerns with doing so?

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