Partner Investment Question

[Jake Wernitznig]

I bought my first investment property in the US with an investment partner, but I did so with a conventional mortgage. I am the only one on the mortgage documents and title to the home. While I'm the only one on the legal documents at this point, I made an agreement with my investor that they would be entitled to their share of the profit from the property.

In your opinions, what is the best way to entitle this person to a percentage of the property? I want my partner to feel assured that they have a legitimate claim to their share.