international JV

aileen

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REIN Member
Aug 30, 2007
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#1
I have a friend who is a American citizen. She has some cash available for invest. If she want to be my JV partner, Can her name be on Title with me ? if anybody have some suggestion for me , I will be very appreciated.
 

MikeMcCrae

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Registered
Sep 3, 2007
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Leduc, Ab.
#2
Does she live in Canada or the US?

QUOTE (aileen @ Sep 24 2007, 05:59 PM) I have a friend who is a American citizen. She has some cash available for invest. If she want to be my JV partner, Can her name be on Title with me ? if anybody have some suggestion for me , I will be very appreciated.
 

Anonymous

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Registered
Dec 16, 2008
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#3
QUOTE (aileen @ Sep 24 2007, 07:59 PM) I have a friend who is a American citizen. She has some cash available for invest. If she want to be my JV partner, Can her name be on Title with me ? if anybody have some suggestion for me , I will be very appreciated.

Please speak with a lawyer before moving forward. I would suggest that you qualify for the mortgage and have the title in your name. Primarily because you will be able to get up to 80% LTV vs out of country 65% LTV on first mortgage.

Hope that helps.