Multi-Family Mastery: Unlocking Wealth with California Real Estate

Internal Rate of Return: The Real Estate Benchmark


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Internal Rate of Return: The Real Estate Benchmark

Bill Mulkey and Duane Lappinga are joined by our rockstar producer Rachel Giordano for a panel discussion on internal return rates. Bill and Duane answer questions and offer insight on the state of internal return rates during peaks in the early 2000s and weathering the storm in the troubled periods of the Great Recession. Both have varied experiences during the time and bring interesting perspectives on the topic. 

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//Bill Mulkey - TR Wealth Management// 

Bill Mulkey is the founder and owner of TR Wealth Management. Bill has a respected history in the real estate industry since entering the market after his graduation from USC. As a loan officer and a real estate broker, Bill learned the industry from top to bottom and acquired the understanding of what real estate could do for his clients.

Eventually, Bill made the decision to find a new way to provide indispensable value for his clients through the founding of TR Wealth Management. The company was a chance to engage in the real estate market from the beginning to the end of the process and create wealth for those he served. After 24 years leading his company and $90 million worth of real estate syndication success, he’s coming to you to provide the knowledge needed to unlock your wealth with the California real estate market. 


//Duane Lappinga - TR Wealth Management//

Duane’s career in real estate started as a mechanical engineer and designing building systems. Through his hard work and excellence in the industry, he rose from project manager to VP of engineering. Duane then pushed on and served as a sustainability leader for a portfolio spanning the Western United States and developed a cash flow analysis model that brought him deeply into the financial sector of the real estate industry.

Duane continued to progress as a real estate underwriter and found great success working alongside Bill at TR Wealth Management. His deep understanding of the industry stemming from the unique perspective only an engineer possesses, has allowed him to provide valuable insight and provide the one-two punch that makes TR Wealth so innovative and impactful for its investors.


// TR Wealth Management // 
Southern California’s Real Estate Investment Leader
Multi-Family Real Estate Syndication and Real Estate Management


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Multi-Family Mastery: Unlocking Wealth with California Real EstateBy Bill Mulkey & Duane Lappinga