So without saying who he is, how can he prove any loss do to you?

Can he/she walk you through the entire process and help you avoid costly mistakes?

What about her teenage son - can he sign an assignment of beneficial interest also? 

. -- Our LLC will be in partnership with another individual who will help me complete the build and I'm assuming 50/50 splits on the new const builds.So to get to my question - I have been pitching the idea to him that he could use funds in his 401k/IRA accounts to invest in additional real estate (If you read my other posts and my profile I've been focusing on a niche of renting to college kids here and want to expand that as I have been getting the word out amongst students thats what I do).Heres my scenario -- We are 50/50 partners in "XYZ LLC" -- can he set up an IRA to lend funds to the "XYZ LLC" (ie either a cash transaction for a property where we use funds to act quickly to purchase and then refinance later, or use the funds as a 20% down payment coupled with traditional financing etc)     The mortgage on the property would be in "XYZ LLC's" name and the mortgage would either be tied to his IRA, or bank if we get traditional financing/however we end up purchasing.He is a completely passive member of the LLC as I am active and handle day to day and he also lives in a separate city if that matters.  

Can he meet the net worth requirements?

Can he offer owner financing or carry back on a portion of the price?

My question is, how can he do it at age 17?

It can he a high risk-high reward investment.

Assume a broker John having both the BROKER license and the SALESPERSON license.1) Can he hangs his SALESPERSON license to a third party broker such as RE/MAX, i.e., this broker is hired by RE/MAX as an independent contractor working as a selling agent, AND at the mean time, 2) he hires other salesperson licensees to do the sales for himself (since John also holds a BROKER license)?

For instance, if he did a portion of the work - perhaps the tile, some painting, cleanup, etc - can he say it's worth $X amount based on what a sub would charge?