Never used one in 20 years, and I've avoided all the expense of setting them up, costs of maintaining them and the cumbersome and convoluted administrative aspects of operating with them.But I must admit I have missed all the benefits of being able to hobnob with those pretending to be players by showing off my all my LLCs.

Recognize now, this was back in the day when banks actually paid a decent interest, not that paltry nothing they pretend to pay these days.My Dad, bless his heart, said, "No, then I'd have to pay taxes to the IRS."

The initial training is a 12 week program where each new investor will be told to set up an infrastructure of a legal entity, business cards, phone numbers, web pages and miscellanea, to pretend to be a real estate investor, because all this, will not really make anybody a real estate investor.

We like to pretend that we are emotionless financial robots, but lets be real..

I don't see any licensing or compliance information on their website, which is the first thing I look for when a HML calls/mails/etc for my referral business - I'm checking out their website while politely nodding "uh huh" to their intro pitch, and just hang up if they aren't even bothering to pretend to be compliant.

Let's not pretend that all the people who purchased in this over-inflated market are super stable and can't foreclose.

Pretend you don't have that money. 

That's all wholesaling is, it's brokering real estate except instead of being up front & telling the distressed seller that you'll sell their property for X amount & take X amount as your commission / fee you are taught to lie to the seller & pretend you are going to buy the property while you secretly attempt to "assign" your contract.It doesn't work.

Let's pretend you are a tenant looking for a place to rent.  

Then, after 10 years, you would have sold (or Pretended to sell for purposes of Calculations) in order to know how much money would have been left over.