How To Buy Real Estate With A Partner?

[Benjamin Knisely]

My friend and I each separately own one property in Alaska. Property here is very expensive so buying property as quickly as we would like is less obtainable- not to say that there aren't people who are very successful in this state through real estate investing. We have recently been discussing going into a partnership with each other to take off the load of a down payment, and the rehab. We plan on putting the partnership on paper and making it completely legitimate(50/50 split). What we are unsure of is the actual buying process.

Would we both be on the loan?

Would both of our names be on the title?

Or is everything going to be under just one of our names?

Are both routes an option, but one easier than the other?