turnkey property companies

[Fred Stevenson]

Hey everyone,

I just listened to Brandon Turner's webinar (it was awesome), and in his review of avoiding investor mistakes, he discussed the dangers of trusting a broker's pro-forma analysis on a rental property.  Any recommendations on how to vet and analyze these typs of pro-formas?

Thanks.

[Fred Stevenson]

Thanks for the feedback.  To be more specific, I'm talking about pro-formas that come from turnkey properties in areas that are out of my home state.  So if the pro-forma states that rents will pay $1200.00 a month for example and that the home is worth $135,000.00, how do I know that is realistic.  I suppose the obvious answer would be to ask a local real estate agent from that area, but what incentive would they have to help me analyze the true numbers?  Thanks for the feedback once again.