And folks who present pro-forma using income like that are either ignorant of the risk or else just straight shady.

Hello everyone, my question is I’m going into real estate investing with my father, we are going to form a LLC and invest and manage rental properties within and I want to develop properties in it as well.

And I am not talking about pro forma rents, but more if the property was rented at it's 100% rate.The property I am considering is currently 25% vacant.

I recall some mentions on BP of 10-15% downpayment lenders floating about.Ultimately, looking for lenders doing sub-20% down on NOO multi-families to form a relationship with for the foreseeable future. 

I recall some mentions on BP of 10-15% downpayment lenders floating about.Ultimately, looking for lenders doing sub-20% down on NOO multi-families to form a relationship with for the foreseeable future.

You would not need to form a Corporation to own multiple LLCs. 

I had not intended on purchasing an off market property so im learning this process as I go, currently awaiting seller P&S from attorney.Asking Price $169,999Purchase Price $160KSeller to pay $7500 towards closing2 units 3,050 sq ft 12 bed 3 bath $2400/mo incomeMonthly Income:    Monthly Expenses:            Monthly Cash Flow: Pro Forma Cap Rate:$2,350.00                 $1,728.77                         $621.23                            8.84%NOI                      Total Cash Needed                  Cash on Cash ROI         Purchase Cap Rate$14,147.64               $44,900.00                            16.60%                              8.84%Some of these number have changed for the better since I ran the calculator,  like the seller paying $7500 towards closing and my numbers are ran with me paying closing.

First off, there are two main groups of people who come together to form a real estate syndication: the general partners and the limited partner passive investors.The prior section mentioned a team that would take care of all day-to-day management (so you don’t have to!)

As a LP, they made good on their pro-forma that you originally signed up for and probably out-performed that.  

I suspect when I add in the cost to convert to a duplex, your property may not show cash positive on my pro forma using a fairly high LTV (80% LTV?).