Pro Formas

Pro Formas

On the topic of Pro Formas...

I've seen and heard many RE Investors use these especially when marketing to their buyers list. I've seen various versions that provide a brief but effective snap shot of the property... such as basis property info, appraisal price, purchase price, Rental Assumptions, Sale Assumptions, Soft Costs ROI/CAP Rates (appox) etc...

I was curious if others out there are using this to market to their buyers? AND if so.... does anyone have templates that they would like to share with the rest of us.

Pro Formas are one of the few documents I've yet to find on the DG.com site.

I'd love to hear more on this...

__________________

Mike Valler

My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG

* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!


My New Pro Forma

While I wait to see what others are using I actually opened up Numbers (which is Apples version of Excel which I like much better) I got to work on creating my own by looking around and combining some info.

Here is the link to the PDF: http://vallerinvestments.com/wp-content/uploads/2011/10/VI-Pro-Forma.pdf

It's a work in progress. I'm open to hearing what others think and what should or shouldn't be there. I don't want to over complicate it but I think it looks decent and gets the majority of the important info in the doc.

(FYI: numbers are NOT accurate, I just added content to complete the form)

If you have Numbers for mac and you're interested in the file... PM me and I'll send it over to ya!

__________________

Mike Valler

My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG

* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!


No Body using Pro Formas????

No Body using Pro Formas???? I'd love to hear if you are, or if you're not, why? I'm very curious. Smiling

__________________

Mike Valler

My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG

* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!


I wish we could use this in Windows

It looks great, and it would be something that I would consider using as part of your presentation. I would do the following:

* Add more acquisition info (Closing, Holding, & other costs)

* Yearly Taxes & Insurance should be on here somewhere. Also how much it would cost to get a hard money loan, or a straight loan, based on % & what the mortgage payments would be at different percentages.

* Somewhere on the page, I would put all the info for Comps (Retail, foreclosure, Active, pending & Solds), along with a few rental comp numbers.

* If you can add a few more pictures, or even add video to this, that would help, too.

Valler wrote:
While I wait to see what others are using I actually opened up Numbers (which is Apples version of Excel which I like much better) I got to work on creating my own by looking around and combining some info.

Here is the link to the PDF: http://vallerinvestments.com/wp-content/uploads/2011/10/VI-Pro-Forma.pdf

It's a work in progress. I'm open to hearing what others think and what should or shouldn't be there. I don't want to over complicate it but I think it looks decent and gets the majority of the important info in the doc.

(FYI: numbers are NOT accurate, I just added content to complete the form)

If you have Numbers for mac and you're interested in the file... PM me and I'll send it over to ya!



Thank you!

AWESOME!

Thank you for the feedback. I love constructive criticism.... you need it if you ever want to improve... LOL

I'll go into redesigning this and probably adding another page. I was told to keep it as simple as possible... but you're right, there is some information that NEEDS to be there that isn't.

I have a space for a link for the video, but I'll add a link to the online add where they can view more pics, or just add them to the back of the performa behind all the data.

__________________

Mike Valler

My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG

* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!