When more than one person goes together on a purchase of a property. 

Each name will be on the deed of the property. The percentage of ownership will be slit up amongst the individuals at the agreed upon rates.

You'll find partnerships to be an excellent advantage to grow portfolios of income properties. Typically you will have someone who has lots of equity or capital and can fund the purchases and another who will be fixing and looking after the properties.

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Here, you want to be sure that you and your partners have the same outlook and vision with your business. 

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Using partners can make it easier to obtain financing.