The proformas are utter nonsense because they know the product is no longer a viable investment.

If anyone discusses leverage as a tool (especially without expressing the risk of leverage) and is unaware how interest rates increases over the last 2 years have utterly destroyed net yield, they aren't familiar with how interest rates impact total return.

REI Network Cold Calling 101 courseAnd each and every time, I felt completely ripped off (ok... to be honest, the REI Network Col Calling 101 course doesn't seem that bad... but it was the last course that I purchased and by then, I was so utterly disgusted with Joe McCall and all his upset BS, that I became cynical and jaded by that point!).

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

And by the way, if we were starting now, with prices as they are, we'd be utterly SOL. 

Utter blasphemy, only "unsophisticated" investors buy in cash.An experienced investor once told me "why use my cash, when I could just default on OPM" I know its not popular thought on BP.. and of course ramp up requires it unless you inherit a ton of dough but as we age out I sure like free and clear and no debt.. just the hassle factor of having to make payments :)

. #2 is the utter BS that is being pumped into peoples mind's by whatever media, regurgitated onto others with no fact finding to confirm or deny.

You can't blame that on poor market conditions.I've been in contact recently with the Fairway America team and they've been utterly useless. 

I used for them an Atlanta property and it was an utter disaster.

The strip of land is utterly worthless to anyone but him but he's happy to pay $450k to resolve everything without the courts input.I retain 100% of my building, 99.999% of my land, and 100% of my existing mortgage.