N
nowanii
Guest
I am thinking about going into a partnership to buy residential property with another person. This person has no saving and cannot provide any down payment. I on the other hand can provide the full down payment necessary. We would split the house payment costs 50/50. Since I am providing the full down payment (20%) I am unsure what ownership percentage I should have. I could consider 50/50 on title and then loan the other person the down payment. I would need to secure that loan to the house. Are there any real estate/finance guru's who can explain the best way to handle this?