Neophyte
I am a neophyte propety investor. I found a nice piece of property with three rentals that will more than cover my monthly mortgage. It was an opportunity that I could not pass up.
Unfortunately I did not have all the cash on hand that was necessary to close the deal so I borrowed about 1/3 of the amount from my sister. She agreed to be a silent partner in the deal by putting down the cash but wanted nothing to do with the loan that I obtained. As such, I purchased the property using only my credit and her cash. She now wants to know how she can secure her investment? She wants more than just our agreement as she wants to be able to use the property to leverage additional loans etc. Currently I am the only on on title?
Besides tax consequences is there any drawback or difficulty in changing title to include both of us? I understand that I will have to choose as to form (joint tenancy etc)
I have heard that it is as easy as paying a small recording fee and filing a form with the county clerk. Is this true?
Will my lender object to me adding someone to title that has no obligation under the loan?
Any feedback will be helpful.
Thanks 
You can leverage her out by putting her share into a secondary loan from her to you on the equity that she owns. At that point its an asset. (risky if you two disagree)
The lender will more than likely have a problem with it if she is not listed on the loan.
Another way is to refinance for a better rate and put you both on this time around or buy her out with the extra cash so she can start investing.
Good Luck,
Kyle