Partnership and taxes

[Erez Friedlander]

Hi BP,

I am planning to partner up with a friend and purchasing properties under a co-managed LLC but have no knowledge if there are any tax issues or is it just the same as for the LLC my wife and I share and have 1 property under it.

I am not looking for legal advise here, just thought maybe someone has experience and could share their personal opinion.

Thanks in advance for any replies.

Merry Christmas from Israel

Erez