Colli Real Estate

Real Estate Joint Venture – When only Investor#1 is on Title and Mortgage…?

Hi,
In case of a Real Estate Joint Venture agreement where Investor#1 is on Title and Mortgage, does it still Improve Investor#2′s Position for Future mortgage applications?
Will purchasing say 4 such properties improve Investor#2′s financial situation, for future mortgage applications, significantly, so he may qualify for a loan alone in the future based on his JV agreements (50% 50% ownership etc.) although NOT shown on any title and NOT on any mortgage?
In other ways, is it an issue for most mortgage brokers to consider such properties to qualify an applicant whose name is not on titles/mortgages, or is it not an issue at all as long as the investor can prove ownership by presenting JV agreements?
THANKS,
Neil

It wouldnt be the mortgage brokers but the underwriters writing the loan. As long as you can show tax returns with income from said JV and have operating agreements (which can be recorded) then you should be ok.

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