How to get 4 investors on a mortgage?
We are 4 investors looking to buy a Condo in Myrtle Beach, SC. We all own solo properties, but are looking to have a Golf Condo in MB to rent out and use ourselves. Can 4 people go on a Mortgage? Can you put 4 people on a deed? Someone mentioned creating a LLC? How about if the property was purchased outright for cash? Just a bit confused on where to start.
Looking to buy a condo with 3 Friends/Partners, how is this legally done?
We want to start to invest in property for rent and to use ourselves. Basically Condo's in gated communities. I'm unsure on how to proceed with multiple investors. Would we put 4 names on the mortgage? Or would we have to create a LLC or company?
How would 4 people go about investing in a single property?
My friends and I, want to invest in a rental property in Florida or Myrtle Beach, there are 4 of us. How would we get a mortgage? Would it show multiple owners on the property deed?