Chosen by Asker

I presume you are not talking about opening a bank regulated by the U.S. Government. So go see a business lawyer and have a trust set up. The trust purchases and sells mortgages using the money you started the trust with. If done properly, you should not pay taxes on any profits until the trust disperses the money to you. Just make sure the lawyer does not make himself trustee of the trust. You should make the decisions without his approval. His role should be nothing more than a legal consultant charged by the hour, and you can change attorneys at will.

by ranger_co_1_75

4 months ago

Asker's Rating: