If you just need baseline numbers for your pro-forma there are many independent estimating services out there that use secondary data sources such as, RS Means.

We are going to raise the capital from family and friends to start and form a Limited Partnership.We are targeting an average of 12% interest and 2 points.

The only real question is what portion of that number goes towards improvements and is ultimately able to be depreciated.When I run pro formas, I usually use the land/improvements split from the town property records.

Hi Meryl - I am responsible for building out our development pro forma for new projects.

Joe send me a DM and I’ll send you a pro forma for a Value Add MF property that I’m about to start Beta testing It is designed to crack the code for newbies and experienced investors

Still, I would form a relationship with a mortgage broker with who you can run a deal by to get an idea of the financing that will be available to you.

LOTS OF POTENTIAL DEPENDING ON YOUR NEEDS.See my analysis below, I dropped the asking price down to $ 155,500.Monthly Income: $1,790.00Monthly Expenses: $1,523.74Monthly Cash Flow: $266.26Pro Forma Cap Rate: 7.77% NOI    $12,861.60Total Cash Needed  $18,942.58Cash on Cash ROI    16.87%Purchase Cap Rate  8.27%Purchase Price: $155,500.00 Purchase Closing Costs: $2,000.00 Estimated Repair Costs: $10,000.00...needs paint job, carpet & minor repairsTotal Cost of Project: $167,500.00 After Repair Value $165,500.00Down Payment: $5,442.50 Loan Amount: $150,058.00 Loan Points: $1,500.58 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $805.54Financial Projections Total Initial Equity: $15,442.00 Gross Rent Multiplier: 7.24 Income-Expense Ratio (2% Rule): 1.07% ARV based on Cap Rate: - 50% Rule Cash Flow Estimates Total Monthly Income: $1,790.00 x50% for Expenses: $895.00 Monthly Payment/Interest Payment: $805.54 Total Monthly Cashflow using 50% Rule: $89.46           Any advice is greatly appreciated.

Creating pro forma statements is invaluable with the rent numbers and with all of the expense numbers.Keith

They are unable to afford a new(er), better car due to their financial situation.Well, turns out, an entrepreneur has developed an approach to this which might lend itself to a variant where someone could form a company which gets funding to acquire new(er) and good-used cars for the explicit purpose of renting them to rideshare drivers.

Hi Erin, No, you do not need to form a company, and you do not need a separate Taxpayer ID Number.