Posted by Bud Branstetter on October 09, 1998 at 15:48:54:
You make sure you don’t get left out of the deal because the title is in your name. The investor is secured with a Deed of Trust/mortgage and a participatory note. I’ve done written 12 page partnership agreements but the best way to partner is the mortgage. I will do verbal partnership ventures with very few people. Even on written ones someone missed some possibility or someone feels the other party didn’t live up to something.