Ashley and Tony’s Instagram DMs have been blowing up! This week’s question comes from Collette through Tony’s Instagram direct messages. Collette is asking: Do you make offers based on pro forma or actual rent numbers?
If you’re a real estate rookie or a residential-only investor, this may be the first time you’ve heard the term “pro forma” before. A real estate pro forma is simply a spreadsheet or document that projects the estimated financials on a property once capital expenditures, rent increases, or other improvements have been put in. So, should you trust those numbers?
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Tony Robinson:
Hey, before we get into the show, I wanted to mention Bigger Pockets is hiring a full-time supervising producer for our podcast network. This is a remote position and a chance to work with an amazing team, if we do say so ourselves. We’re looking for someone with at least a couple of years experience managing production teams and someone who will feel confident taking the lead when launching new podcasts. So, would you or someone you know be a great fit? You can find the full job description at biggerpockets.com/jobs. Again, that’s biggerpockets.com/jobs to apply for our open podcast producer job. Now enjoy the show.
Ashley Kehr:
This is Real Estate Rookie episode 150. My name is Ashley Kehr, and I am here with my co-host Tony Robinson. Tony, can you believe it’s episode 150?
Tony Robinson:
I cannot believe it. We’re halfway through the 100s, making our way toward 200. And if this is your first time joining us here at the Real Estate Rookie podcast, every week, twice a week we bring you the inspiration, the motivation, the education, everything you need, the stories to get started as a real estate investor to build that portfolio and eventually find financial freedom. So, what do we got…