Pro Forma Statement
Definition of "Pro forma statement"
Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in determining the possible financial effects of buying or renting property.
Popular Real Estate Terms
The company is not responsible to a third party if an account or financial instrument is dishonored by the debtor. The creditor's recourse is solely to the debtor's property. An example is ...
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Projecting what the total cost would be to construct a structure. Costs include material, labor, and lawyers' fees. ...
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Comments for Pro Forma Statement
WHEN PURCHASING PROPERTY, WHO IS THE PARTY THAT RECEIVES THE PROFORMA ON A MULTI-FAMILY DWELLING?
Apr 30, 2019 16:09:37Hello, Mallory! The Real Estate Pro Forma is a document that reveals the profitability of a property. So, in this case, the investor is the one who must analyze this document. However, you may also want to do a SWOT analysis as well. Keep an eye on our website because we will soon publish a detailed article on this topic.
May 01, 2019 04:24:40Have a question or comment?
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