All Forum Posts by: Ryan Pearson

@Evan Polaski I have the same question as Steve.  I'm attaching my numbers. Appreciate any help.

@Aaron W. Thanks for the response.  In my question I'm trying to figure out how to structure the Title in relation to the Mortgage.  Can I put all both couples on title but only have 1 couple on the mortgage?  I understand the strategly of having less people on the mortgage to qualify for more conventional loans before maxing out. I'm just curious how other partnerships set this up and if anyone has any advise for my situation.  Appreciate your help.

My wife and I are partnering with another couple to build a rental portfolio. When buying rental properties in a partnership what is the best way to setup the title and mortgage? Is it possible to put all 4 names on title and then designate one couple for each mortgage, alternating with each property? We don't have an LLC setup yet. We're planning to refinance everything into a commercial loan, under an LLC, after we build our portfolio up to around 10 properties. I'd love to hear what works best from other partnerships out there. I appreciate any help or suggestions.

@Forrest Faulconer I’m not exactly sure. I think a combination of too many people refinancing at once and an overwhelmed lender.

I just refinanced my primary residence and it took over 6 months to close on the refinance. I was told by the lender not to make any major purchases, or take on any additional debt, until the refinance closed. I just closed on the refinance a couple weeks ago and now I'm in the process of opening a HELOC and I'm being told it will take another 2 months. My search for an investment property has been on hold the entire time. How do others deal with this situation? Am I correct in holding off purchasing an investment property during a refinace?