Young Investor Trying to Structure his Business

[Justin Broaderick]

Hey guys and gals! My name is Justin, and I am a 21 year old recent college grad taking steps to get into the world of real estate investing. I've been reading up on bigger pockets and other sites for about a year now, and with the knowledge I've gained, I have a secured a family/friend investor who is wanting to partner with me.

Ideally, my investor would like to not be liable in case of suit or in respect to his personal assets. However, we would be hoping to somehow use his credit to our advantage, considering that I have very little at my age. Our thoughts were to set up an LLC for this protection we desire, but we are unsure about how to secure loans without having a foundation asset of some sort or personally guaranteeing the loan (putting his personal assets at risk?).

Ideas would be greatly appreciated!