Starting a business in Real Estate Investing...Need Help!?

My problem seems like it would have an easy resolution, but its been chaos. I went into the real estate investing business with a friend. I have been in the mortgage industry for 5 years, she is new to all of this. However, she has excellent credit and I dont at all. The loan that we are getting to purchase the property will be only in her name. Making her 100% liable in the event things dont work out as planned. For that reason, she has requested a 60/40 split, because of the risk she is taking. I dont exactly agree with that. Not sure how the rest of the world does it, so I need some direction. Would there be anything we could do to make me 50% liable for the property in case of foreclosure or any other tragic event? If she is taking all the risk she wants the higher split and I wont agree to that. Any suggestions?

She is taking the most of the risks and you are after all using her clean history..remember you would be unable to do this without that...? What is this worth to you..can you walk away and find someone willing to use their clean history and your experience, take risks and offer you half?

Is your experience worth more than her clean history...?seems you need to bear in mind what happens once she gets a bit of experience and doesn't need you anymore will you be in a position to buy alone? she will have gained experience and you will be absolete may she ask for a larger share or dump you all together after all she has this clean credit history over you...be careful...when it comes to money pple change...

if she's a friend she will go 50/50

Legally she can not make you liable AT ALL with her name on the documents.

I think her request is entirely reasonable.

She is only asking for a 10% gain while taking 100% of the risk AND saving you money too as you are taking advantage of her credit rating.