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Updated almost 10 years ago on . Most recent reply

User Stats

82
Posts
75
Votes
Douglas B.
  • Buffalo, NY
75
Votes |
82
Posts

Proforma problems? Are they even useful?

Douglas B.
  • Buffalo, NY
Posted
It seems like a proforma is only of limited usefulness because it can be so wildly inaccurate. How do you pros workaround the sellers lies and misrepresentation on a proforma? What tips do you have to help a newbie prepare to interpret proformas when I start looking to buy in a few months? What do you do when your seller isn't forthcoming with the financials, receipts, tax documents, etc. Do you just move to the next property?

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