Starting a new partnership

[Terry Sweeney]

My business partner and I have found another investor interested into going into business with us. Although we would prefer to use him as hard money lender, he would like to purchase rentals with us instead. How should we divide ownership? Should my business partner and I keep our current LLC or get separate one with the new investor? Should we divide everything three ways? Or our company get 50% and the separate investor gets 50%?

[J Scott]

There's no should.  There are no rules. 

Negotiate the best deal you can and decide if it's good enough.