Partnering / mortgage question

[Dan Passarelli]

Hi. I have a hypothetical question. When buying a rental property with a partner, would / could it make sense to have just one of the partners take out the mortgage in just their name and the other party not be on the mortgage? If so, what are the risks? If not, what are the advantages? And if done that way, should the party not on the mortgage have some other / extra asset to contribute to "balance" the partnership?