Pro Forma Software or Subscription?

[Larry Elwood]

Hi All,

Just made an apartment building fix and flip presentation to an investor, though he liked the project, he did say that my pro forma presentation could be visually simpler and more visually appealing.

I was wondering if someone is aware of any type of Pro Forma software or subscription that has the flexibility to output data in simple, big picture, easy to read fashion?

Thanks!

[Brian Hamrick]

I use Douglas Rutherford's Landlord's Cashflow Analyzer Pro.  Its an excel spreadsheet that allows you to print out very professional looking packages.  I used this to get a bank loan on one of my apartment buildings and my lender told me it was the best package he'd ever seen.

http://www.landlordsoftware.com/landlord-cash-flow...

I've been using this for five years and its become an essential tool for putting deals together and marketing to investors.  Highly recommended!

[Larry Elwood]

Brian,

This is perfect! Thanks so much. 

Larry

[Joel Owens]

It's what I use as well. I like that you pay for it one time.

Every year or so there is new versions and add ons you can purchase but still seems cheap in comparison to the subscription sites.

[Larry Elwood]

Thanks again everyone. I bought it!

[Angel Lucena]

Hey Guys,

I am looking at a large portfolio for purchase of around 100 properties (SF and Duplexes). We may purchase the entire portfolio and some combination of them. I am looking for a software that will allow me to create a proforma but allow me to add/subtract properties as I try and ascertain the best combination to buy. I currently use Property Metrics but this software only allows for analysis in aggregate. Please let me know if you are aware of something that will help with this analysis. Thank you

Angel    

[Account Closed]

@Larry Elwood

How'd that "software" work out for you? I just tried based on this thread. It's a doctored up Excel Spreadsheet. Plus, holy Jesus Christ, the refund process is a nightmare! 

Please people, dont use this guy's stuff!

[Scott Morongell]

@Larry Elwood @Account Closed I would highly suggest creating your own. If you personally can't do it, hire someone who is proficient in excel that can make it look professional. Ideally, you want to create an output tab or what I call a "tear-out" that shows all the high-level stuff on the deal. It's should be clean, visually appealing, and professional. Some of the things you will want on that summary sheet is:

• Capital Structure
• Sources & Uses
• Investment Attributes 
  • -prop name, vintage, risk profile, units, purchase price, exit price, acq date, exit date

• Unit Mix
• Debt Highlight
• Return Profile
• Return sensitivity to hold period & purchase price
• Financial Summary (by year)
• Cumulative Return on Investment

** all of this info should be already showing somewhere else in your underwriting model and you just have to link it to this new tab so it auto-updates as you change assumptions in your UW model. Hope this helps.