How to structure partnerships

[Keeley Boehm]

Hello fellow investors! I'm a newer investor: closed on my first duplex 7 months ago, and I had an offer accepted on a triplex last week. My question is in regards to partnerships and specifically some examples of how they can be structured. In a situation where I am doing all of the work, researching the deal, presenting the numbers, putting the offer in, using my team that I have set up etc. how could this work financially with a partner? Would it be a situation where maybe they pay more of the downpayment like 60/40 or 70/30, and then we split all cash flow and expenses 50/50? Or we split the down payment 50/50 and then I would receive more cash flow like 60/40? And this is a situation where both parties would be on the title but not necessarily the loan correct?

I'm also looking for examples on private investors and private loans where the other party might not be on the title. Any specifics anyone has done in the past and what did that look like? Number of years on the loan, interest rate etc? Were you able to cash flow with a shorter loan timeframe and the higher interest rate? 

I've had a couple people show interest in possibly partnering in some way, but I'm having trouble finding the resources to learn the specifics of how these partnerships are structured. If anyone has any good books or articles that can shed some light, that would be helpful as well. Thanks so much for your time!