Working with a money partner

[Matt Burgess]

Hi everyone,

I am looking to purchase property using a money partner. I read in Brandon Turner's book, "The Book on Investing with No and Low Money Down" that you can have a partner take the mortgage out entirely in their name, and you can still be on the title. My question is, is there anything I can do to make the partner feel more secure with the debt being entirely in their name?

For example, if I just decided to stop managing the property, would they just be stuck with the debt payments?

Obviously, that is not my plan and I can make it clear to them that I would never leave them hanging, but it would be nice to have something on paper. Just trying to put myself in their shoes and make them feel as secure as possible.

Thank you