Your Income Freedom Number
How many syndication deals does it take to stop needing your W-2?
The math is simpler than your financial advisor wants you to think.
Note: §469 passive loss rules apply above $150K MAGI — see disclosure below.
Your situation
Monthly passive income to replace your salary
Typical LP minimum: $25K–$100K
Conservative: 6–8%. Most decks project 8–12%.
How many new deals you plan to invest in each year
Your freedom number
What the math doesn't show
If your MAGI exceeds $150,000, passive losses from syndications cannot offset your W-2 income in real time. They accumulate and release at sale. This doesn't kill the thesis — it changes the sequencing of your tax benefit.
Cash-on-cash measures current distributions only. Quality deals typically return 1.6x–2.0x over a 5-year hold. Your exit proceeds are not included in the freedom number above — they're additional capital to redeploy.
A 7% CoC is realistic for stabilized assets in good markets. Development deals may distribute nothing during construction and generate returns at exit instead. The CFO Filter exists to separate strong deals from weak ones.
See how a real deal scores
Score the 4230 Estero Blvd deal — LDG's active 506(c) coastal development — against all 23 CFO questions.
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Open the CFO Filter →Review the 4230 Estero Blvd materials — ground-up coastal development in Fort Myers Beach.
See Estero Materials →