Updated over 11 years ago on . Most recent reply
A few newbie questions
1)How do you get accurate financial numbers on a potential property?
2)Who do you get the accurate financial numbers from?
3)What is the point of a pro-forma if the numbers are altered and made to look good? Why not just skip the pro-forma and get the accurate numbers and other needed information?
4)How do you know how much you should put away for reserves?
5)What is a good baseline cash on cash return to expect from potential properties? or is this dependent upon your area like vacancy rates and cap rates?