Joint ownership of real estate means that two or more people own the property asset directly. There are several options in common law jurisdictions. Tenancy-in-common and joint tenancy are the most prevalent structures. While these structures have benefits, joint ownership of investment real estate can mean that each owner bears 100% of the risk and only their share of the benefits.
This real estate investment structure chart shows the division of benefits and the sharing of risk.
You can read more about real estate investment with limited liability companies.