Pro Forma was mentioned in a Rich Dad Advisors book called ABCs of Real Estate Investing by Ken McElroy, it is found in the sales brochures, which now made sense that you mentioned that it is provided by the seller or the seller's agent.

Refi (Yes Dave R is spinning in his grave or I'm sending him there more quickly)  Refi and consolidate debt on one or two properties and then apply all cash from every source you got including banks you can rob and lunch money you can steal from your children to that one loan.Paying of debt is a very good goal. 

This would quickly return most of my cash to me, which I need in order to complete a fairly extensive renovation prior to moving in.The problem I'm running into with my current lender is the timing. 

I'm wondering what kind of partnership agreement could work in the scenario where I find the deal and finance both the purchase and renovation and he manages the renovation.I think he may be more interested in a quick cash out and I'd like to buy and hold.

If looking at lower price points, you could purchase multiple properties -with a purchase price adding up to exchange amount.The 45-days come quickly.

If it were a few sellers who hope to cash in their properties as quickly as possible, then it would be certain properties are dropping prices, but I see a house price drop in general in these counties.

If they are professional, they can explain this quickly and easily.

I’m not a rich man but I’m trying not to be penny wise and dollar foolish. 

Hey Everyone,Just wanted to give a quick update.

If they are professional, they can explain this quickly and easily.