b'Chapter 21How to Split Cash in a Syndicate or Fund Thepercentageofownershipretainedbytheassetmanageris determinedbyprojectingtheannualizedcashoncashreturnfora property, both from cash flow and sales proceeds, and then figuring out how much of that you need to give investors to get them a return that will entice them to invest, and how much you can keep for the management class. If the annualized cash on cash return for a property isnt close to 20%, it might not be worth your time and effort.There are many real estate books, written by very talented real estate investors and trainers, such as David Lindahl, Jake and Gino, Rod Khleif, Vinney Chopra, and Hunter Thompson, to name a few, that will help you make these calculations much better than I can. Additionally, there are many realestateanalyzersoftwareprogramsoutthere(BobBowmans Commercial Underwriter software is an example, and each of the above authors also offer them to their students) that will help you do this. Consider this chapter to be a brief overview to help you understand that numbers drive the splits with investors and all things related to real estate investment. The only reason I include a brief discussion here is that I speak to a fair number of potential clients who dont have any idea of how this is done, so I wanted to provide the overview, and then direct you to the experts to get a more detailed education on the subject. 195'