Analysing the Pro Forma, Is it a deal?
1 Reply
- 04/07/16 06:00PM
- Northgate, Seattle
- $5
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Wanted to put an alert out there for the next upcoming meetup for passive Cashflow investors. The reason I made this meetup was that I personally went to a lot of REIAs and it's difficult as a passive investor (with a full time job) to network and collaborate with other like minded individuals when the big meeting is 80% active investors who are flipping, wholesaling, bird dogging, and "just getting started with no money". There is a 5 dollar buy-in to keep the tire kickers out.
http://www.meetup.com/Passive-Cashflow-w-Real-Estate-for-the-Working-Professional/events/229211898/
On April 7th I plan to take a deeper dive into the proforma sheet to analyze the numbers side of the deal. Forget the 50% rule, 2% rule, you will learn how to chug the numbers yourself and make an educated decision on what the implications of a purchase will be.
Don't no sales, MLM, or knives.