How to Make a Partnership Official

[Joshue Merizalde]

Hello all! I'm a real estate agent who is interested in retiring through real estate investing. I just found a partner who has the money to go along with my knowledge and hustle. We agreed on terms and style of homes we'll invest in. I'm not sure, though, how I exactly make this official and how I purchase the properties so I'm making the 25% equity in the rent and resale that we agreed on. Can anyone help me find out what the next step is? Do I need to make a contract with him? Do the properties go in both our names?