Monday, November 19, 2012

Can multiple people buy a home together as an investment - Zillow

Yes, three people can? purchase a home together.?? Lenders don't like to lend to LLCs, especially ones that have only been formed (i.e. have no financial track record).??? Therefore, the loan may be need to be in your names.

Forming an LLC with an attorney is useful to work through all the steps of responsibilities, expectations, disbanding etc.

Source: http://www.zillow.com/advice-thread/Can-multiple-people-buy-a-home-together-as-an-investment-home/468899/

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