The proforma income and expenses can be accurately projected by analyzing the property from a proforma perspective. This involves looking at the property as if you were already the owner. Begin by adding 12 months' worth of categories to your spreadsheet for projected income, expenses, capital expenditures, and debt services. Also, consider the current property income and expenses, and the historical operating data, which includes Property Rent Roll and Annual YTD Profit and Loss Statement.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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