Ray, La Mirada is in the inland empire correct?

I've had very little experience in land transactions. 

We are empire builders who have limited cash flow.

My grandmother passed last year and left farm land to a number of family members which is expected to be developed within the next 5 - 10 years. The land is owned in an undivided interest across five family members an...

During recession flooring materials, kitchen upgrade, high ceiling homes matters more than outdoor fire-pit, hot tubs as housing empirical data suggests in SFBA.The regression analysis can include more factors like schools (API), condition, parking (1 car, 2 car), neighborhood crime and the data are available. 

Gotta build the empire though, not looking to relax until I'm much older.

I am thinking of holding them in land trusts with LLC (or S Corp) as the beneficiary for identity and liability protection.Can the LLC be formed in out states such as Nevada, Wyoming or Delaware for less cost or it must be CA LLC because I live here?

He was everywhere a year ago I wonder how his "arbitrage empire" is doing now in this market of uncertainty.   

That someone intends to build an empire through investments but will need an advisor on his/her team from the start.

You can not pass any interest in land that you do not own.