What is a Pro Forma?

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What is a Pro Forma?

According to the Real Wealth Network, the definition of a pro forma is a method of calculating financial results in order to emphasize either current or projected figures. A property's pro forma in real estate are its cash flow projections. So to make things simple, when you are looking to invest in real estate, a pro forma is essentially an income and expense sheet.

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What is the BRRR Strategy?

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What is the BRRR Strategy?

So for starters, the BRRR strategy stands for BUY, REHAB, RENT, and REFINANCE. I have also seen where some add another R to the end (BRRRR) which means REPEAT. It’s a pretty straight forward concept, but we personally had some variations with the refinance aspect of it. Want to know how it works? Read more here.

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