Investing with someone for tax benefits?

[Colby Mulry]

Right now I am the sole owner of an LLC that I just formed and I am going to transfer my first properties deed into it. For my second property, I have a partner who wants to go in 50/50 to help with his taxes at the end of the year. What is the correct way to make all this happen and not affect the LLC? I don’t want to make him an owner or employee...but want to make sure he benefits from a tax perspective. No one seems to know how to make it all work. Thanks.