Buying a property with a friend - Structure (?)

[Jonathan B.]

Hi,
friend of mine wants to buy a property together,

Split is a combination of debt & equity,

I have a family partnership which i would like to hold the property under and avoid the extra annual fees related to another Separate LLC for the holding it.

is there an alternative way to provide a the security for him?

i was thinking of lien position & Partnership agreement that describes the split and terms.

is that an efficient way to go about it?

thanks 

[Carl Fischer]

@Jonathan B.

Don't be pennywise and pound foolish. Get another Partnership, LLC, or trust. Don't mix it in with the other RE you own. I think it is wise to use separate entities for each asset that carries any liability.