What type of contract is there if I have a mortagage in my name on a property and want to take on a

I have been approved for financing for an investment property and my business partner is not able to get approved, If I put the note in my name, what legal contracts can be created if the partner wants to buy into the property for cash?

And is this even a good idea because I am assuming all risk on the loan?

What type of contract is there if I have a mortagage in my name on a property and want to take on a partner?

Well, If he's buying into the property for cash do you mean he's putting his half down in cash? In which case you both should be able to be on the note with the large down payment. If he's making 1/2 the payment to you monthly (in cash) and your making the full payment to the bank and you intend to put him on the deed. Hmmmm...probably not a good idea. I don't think it is wise to go into any financial deal unless it's 50/50 straight down the line. This could potentially cause a lot of heartache and legal problems for you down the road.