Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Proforma problems? Are they even useful?
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?