Partnership Structure

[Aaron Vergason]

I have an LLC currently for investment properties. I'm interested in partnering with someone else and buying/ hold rental property. Do we need to create a new LLC or can My LLC partner with him personally to buy a group of houses?

Must he have an LLC to partner with my LLC or would his LLC just be a protection barrier in litigation?

Thanks,

Aaron

[Aaron Vergason]

@Chip Cogan I ended up recommending he buy the properties on his own. I didn't feel right being a partner that doesn't put in cash or does the work. He just wanted me for my insight. 

Instead we have lunch and coffee together and I guide him through whatever he comes up against. :)

Sorry I can't help more.