Partnerships for Financing

[Tim Adams]

Hello everyone, I have a question for the group regarding partnerships on real estate deals that are contributing financially to the purchase of a property. If I am buying a property and using a partnership to cover 50% or even up to 100% of the down payment how do you normally navigate the property titling? If you are using a partnership do both parties (myself and my $$ contributer) have their name of the property of just me? I feel like I would be more comfortable keeping just myself on the loan/mortgage and title and drawing up a contract outside of the home purchase that specifies our terms of the purchase, money contributed and financial split moving forward with cash flow and if the home is sold. Is this something done normally or is it necessary to list the partner when buying a property? I just want to make sure that I do what I am supposed to "legally and technically" but want to keep myself and partner protected should something happen in the future. Thanks for your help and advise in advance, any input will help. Personal examples would be great if you've been in this situation  as well. Thanks!