There's a reason wholesale is the fastest growing mortgage distribution channel. :)Another difference is that in 2019 fewer Realtors and consumers know how to tell a mortgage broker from a banker than in 2007.

@Kevin Sobilo, I have a property manager that sends me a distribution of essentially net income.

Taxes are paid incrementally as the seller receives distributions from the trust, providing the opportunity for further tax deferral and potential tax savings.

You are subject to tax based on the sale of the real estate not distributions to the LLC members.

@Thor RasmussenYou have to understand the business of the LLC and how payments to and from an LLC is treated for tax purposes.It can be a contribution/distribution, It can be a salary, it can be a liquidation, etc.Based on your scenario - it doesn't sound like income but something to confirm with your accountant.

Clearly outline roles, risks, and the distribution of returns.4.

We are retired, and the rents are how we derive income.

But if when you reach retirement age you distribute the property you could then move into it.

Some things that I've learned and heard from other investors about 203(k) to consider:-It can take a while for the funds to be distributed-You have to get a certain number of quotes from different contractors for the rehab.

@Gaurav G.Investing through a trust may require the filing of a partnership return.You also want to see the way the trust is set up if the income will be distributed to you and the tax paid by you or if it will be paid by the trust.You then want to compare in which situation will tax pay less in taxes.