Partnership Multifamily Contract

[Darshan Patel]

Hey BP, so me and a partner are looking at buying a multiunit property in NY. We ran into a few issues, we got approved for an FHA, the only thing is I will not be on that loan because I would love the FHA for the next house I decide to buy, with that being said we are kind of doing everything as a gentleman's handshake. We do not mind doing it that way but was wondering if there is a safety for me in a contract we could write up so we are both safe? I will not be on the title either. Thank you!