#091: 2 of 8: A Quick Guide- How To Read A Pro Forma Statement
GetReal Podcast
<p><strong>EPISODE SUMMARY</strong></p>
<p><span>As a real estate business owner, it is important to know your numbers well. So, if you want to understand the property you are buying, look at its proforma.</span> <span>In this episode we’ll discuss the different types of expenses and how to analyze different types of proforma properly. </span></p>
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<p><strong>WHAT YOU’LL LEARN FROM THIS EPISODE</strong></p>
<ul>
<li><span>If you're going to buy a property, do you need an entity?</span></li>
<li><span>How each entity works with loans</span></li>
<li><span>Tip: Purchase under your personal name- It gets you better terms!</span></li>
<li><span>How to calculate Cash on Cash Return</span></li>
<li><span>What is a CAP Rate?</span></li>
<li><span>What to look for in a Proforma</span></li>
<li><span>2 Types of Pro Forma</span></li>
<li><span>The types of Expenses</span></li>
<li><span>What are Fixed Expenses</span></li>
<li><span>What are Variable Expenses</span></li>
<li><span>What is a capital expenditures</span></li>
<li><span>How properties birth other properties</span></li>
<li><span>Benefits of owning rental properties</span></li>
<li><span>How to refinance your properties instead of a 1031?</span></li>
<li><span>How to know when it's time to move your money?</span></li>
<li><span>How to compute return of equity?</span></li>
<li><span>What is a 1031 exchange?</span></li>
</ul>
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<p><strong>RESOURCES FROM THIS EPISODE</strong></p>
<ul>
<li><span>If you need help with anything in real estate, please email:</span> <em><span>invest@rpcinvest.com</span></em></li>
</ul>
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<p><strong>CONNECT WITH US</strong></p>
<ul>
<li><span>Reach Ron:</span> <span><a href="https://rpcinvest.com" rel="nofollow">RP Capital</a></span></li>
<li>Leave podcast reviews and topic suggestions: <a href="https://podcasts.apple.com/us/podcast/get-real-podcast/id1450527598?mt=2" rel="nofollow"> iTunes</a></li>
<li>Subscribe and get additional info: <a href="https://getrealestatesuccess.com/" rel="nofollow">Get Real Estate Success</a></li>
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