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Financial Friday: How Pro Forma's Lie
FF: How Pro Forma’s Lie
Before you even look at a property to buy, you need to look at the numbers. Sellers, and real estate agents frequently exaggerate the amount of rent you can collect and underestimate the expenses of investment property. Small changes on these numbers can add up to BIG losses. Make sure you verify all income & expenses with unbiased sources. Look at past years taxes or even checking account statements. Learn to evaluate the real numbers before you lose hundreds of thousands of dollars over-paying for an apartment building.
Ultimate Evaluator Packet…
The skinny
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