But they don't get Discounted Cash Flows, Internal Rates of Return, etc. which takes into account ALL of the 4 ways of making money in Real Estate.To do that, you will need a business model that puts together a 10 year pro-forma business plan, normally in a spreadsheet.Probably one of the best books you can read is What Every Real Estate Investor Needs to Know about Cash Flowby Frank Gallinelli (who happens to be one of the BP Members).Don't stop at just the simple Cash Flow NOW calculations.

In fact, the appreciation on every one of my purchases has exceeded what I used in my pro forma for the property.Good luck

The question is about registering the second LLC, I’m not sure but I thought to form a LLC you had to register it with the state but now I’m hearing that if a LLC is just the Beneficiary of properties held in a Land trust it doesn’t have to be register because the LLC is not doing business.

The best advice I ever got when I first started, form a LLC just for your royalty holdings.

I too would like to see some testimony form folks who have purchased form a turrnkey provider and sustained 5 to 10 year ROI consistent with the advertised 1st year ROI.

The balance on each house is now $60,318, so another $19,682 in equity x 5 properties = $98,410.In this case, my total return on my $100K is $246,410 over five years, and that really kicks ***.Obviously, these are pro forma numbers and real world may vary.

We will also assume 5% annual long term appreciation (I would use a slightly lower number in my pro forma but am selecting this for calculation ease and historically it is pretty accurate depending on what So Cal market you are in).The first scenario you use 0 financing. 

It does no good to place capital with someone who has a great project with an attractive pro forma, to find out later they can't be trusted.

It seems an analyst role is the baseline entry position into CRE so I've been taking multiple courses and earning certifications in financial modeling (pro formas, equity waterfalls, development, etc).

I am living in California and I’m currently looking to potentially form a team there.