FAILURE TO HAVE RENT PROJECTIONS THAT ARE IN ALIGNMENT WITH THE MARKETRelying on a real estate broker’s pro forma for rent projections is a pitfall which will lead a new owner with a false sense of projected returns when marketing vacant units of his/her new acquisition.

Hello everyone,I am currently looking for pro forma template leads for single-family land development and was hoping to get some recommendations from this forum.Specifically, I am seeking templates that can help me analyze the financial feasibility of a single-family land development project (In Phases), taking into account factors such as land acquisition costs, development costs, financing costs, and potential revenue from the sale of the developed lots.If anyone has any leads or recommendations on where to find such templates, I would greatly appreciate it.

I found it very useful to do a 3 - 5 year pro-forma for my planned investments. 

To get a W-2, you would need to form a C-corporation, make yourself an employee, and have the corporation pay you while also withholding income taxes, FICA, SUTA, etc.This leads me to a more simple plan: if you insist on an LLC, you'll have to report the income on your personal return, so a bank will see the income anyway.

Plus you can always network and form a partnership with someone who has the variables you need. :)Good Luck to you and excited you are getting started.

(But, pro formas are NEVER right!)

The Book on Flipping Houses & The Book on Estimating Rehab Costs.http://www.biggerpockets.com/flippingbookThere are also tons of different templates and pro formas available at The Fileplace. 

What is a creative way to form a relationship with an agent, where they can help you quickly figure out ARV and potential rents for a wholesaling deal? 

I want to get better at figuring the NOI, ROI, CoCR, etc but am having a hard time figuring out if I'm correct based on the information given through the pro-forma or MLS or what not.

LLC), then here's some info on that: How to form a LLC in Pennsylvania and Guide to forming a LLC in Pennsylvania.