All involved wan't to create an LLC to facilitate easier transactions - instead of having all 10 owners sign for a sale to take place.I received a copy of the operating agreement to sign and had many questions and wanted one part of it completely removed before I felt comfortable signing.

When you are facilitating a sale for a fee, you are asting as a RE Agent or Broker.

That's $36000 "tax-free" cash in your bank account.This is the concept behind the tax benefit of owning rental property.Bryan,"Boot" only applies to the 1031 exchange.The most common form of exchange today is the Starker exchange, also called a forward exchange, wherein a qualified intermediary will facilitate the sale of B's investment property to A, and the later purchase of property from C to replace B's investment property.In the forward exchange, the completed exchange is fully tax deferred if the value of the replacement property equals or exceeds the value of the relinquished property AND all of the net proceeds from the sale of the relinquished property are reinvested in the replacement property.If either of these two conditions fail, then there will be taxable boot.

Nabor is a third party facilitator.

Where you may have SEC problems is when you have partners comingling funds to make a loan.As to a broker, first, if depends if you are buying a mortgage with your own money, for your portfolio or if you are simply facilitating a sale transaction bewteen a note holder and another investor.

You will establish a resume and track record of success in both areas that will facilitate the attraction of private money partners.

Members might include contractors, surveyors, title offices, closing agents, RE consultants who do not list or facilitate transactions.

They screen prospective buyers, facilitating and potentially accelerating the process of matching buyers and sellers.

I'm also assuming this is your first one or you are contemplating doing these options.Louisiana is very tuff of real estate license law, it is a difficult state to do investing (except buy and hold) without a license.LA Statutes 1431.7 (d) and 18 define transacting business and para 29 specifically describes options activities.I suggest you get with an agent to do this if you don't hold a license.Coop leases can also be seen a facilitating a transaction.

There are are a lot of issues and often an exchange should be planned well in advance.A good exchange facilitator is almost essential.