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so if you plan to joint venture with another investor on the purchase of investment real estate I have two structures I typically use when it comes to buying real estate in that matter one is a tenant and common relationship that is you create a tenant common agreement between the two parties where therell be actual owners in the underlying asset so a house would be owned by two individuals or two limited liability companies now the second way in which you could set it up is to set up a joint venture limited liability company now both of these methods have their pros and cons and what you really want to do is analyze it with someone because you dont want to put yourself in a situation where three years down the road were looking to sell that property and a certain individual has a tax strategy theyre trying to employ and they cant use it because of the way title is held so these are things that we want to look at when were determining what is the best structure for a joint ventur