Buying a property with another individual

[Anthony Musolino]

Hello all, I just wanted to know how many of you have invested with a friend or associate in hopes of obtaining a better quality of property. Is this something that is common practice ? If so, what are some things you can do to protect yourself in the case that the partnership goes bad ?

Does one partner go on the loan and the other partner go on the deed at closing ? I have recently been approached to partner on a deal to purchase a multifamily property. My fear is that the partnership goes bad and I’m stuck in a bad situation. Ive always been told that a buy and hold partnership is like a marriage.. everything down to the paint is a joint effort. Would you partner with someone you haven’t known for very long but together have the resources to make a good deal? All feedback is welcome. Thank you.