how do you partner with another RE investor?

[Eva Marin]

Hi!

i just go recently pre-approval for 350k under a FHA loan with a 3.5% for a downpayment and with about 17k to cover closing cost (4%) and downpayment expenses).

i am looking for a 2 or 3 family homes in the Bronx area.

I am considering partnering with one or 2 more REI to bring more cash for the deal and spread the risk.

my point is that i do not know which ways you can partner with other investors that is fair for everyone in the deal, of course a legal contract would have to be done to be all legally protected, but i need to figure out first how to partner. The mortgage can be just on my name or on both investor names.

any ideas how to do it, advices or links to samples to see how this can work will be a great help. thanks :)