Whether you are dealing with revenues or expenses, often times you will not have real accurate data to rely on. It is called a pro forma because it typically has some assumptions built into it. A pro forma will help you to evaluate if you are making the most prudent financial decision for your company.Ī pro forma is usually a spreadsheet that depicts the revenues, expenses, and returns that you can expect from a particular project. The best way to evaluate these decisions, and make the correct decision, is to make a pro forma. Using a spreadsheet program, such as Microsoft's Excel, you can create a simple pro forma to analyze your revenues, expenses, and returns for any real estate project.Īs you embark on your entrepreneurial quest, you will have to make several real estate decisions along the way. In order to evaluate your real estate decisions you need to make a pro forma. Written by Brent Pace for Gaebler Ventures Real Estate Articles How to Build a Real Estate Pro Forma
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