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. In this episode we’ll discuss the different types of expenses and how to analyze different types of proforma properly.
WHAT YOU’LL LEARN FROM THIS EPISODE
- If you’re going to buy a property, do you need an entity?
- How each entity works with loans
- Tip: Purchase under your personal name- It gets you better terms!
- How to calculate Cash on Cash Return
- What is a CAP Rate?
- What to look for in a Proforma
- 2 Types of Pro Forma
- The types of Expenses
- What are Fixed Expenses
- What are Variable Expenses
- What is a capital expenditures
- How properties birth other properties
- Benefits of owning rental properties
- How to refinance your properties instead of a 1031?
- How to know when it’s time to move your money?
- How to compute return of equity?
- What is a 1031 exchange?
RESOURCES FROM THIS EPISODE
- If you need help with anything in real estate, please email: invest@rpcinvest.com
CONNECT WITH US
- Reach Ron: RP Capital
- Leave podcast reviews and topic suggestions: iTunes
- Subscribe and get additional info: Get Real Estate Success
