Comments on: The Real Estate Pro-Forma: Full Guide, Excel Template, Explanations, and More

By: M&I - Brian

M&I - Brian — Mon, 03 Jun 2024 17:37:04 +0000

Feel free to contact us at accounts@breakingintowallstreet.com with any questions about the courses. You did not leave a phone number here, so we have no way to call you.

By: Leona Kazmar

Leona Kazmar — Tue, 28 May 2024 15:53:11 +0000

Thank you for providing the information you have on your site; I discovered it via a google search seeking “Chart of Accounts sample for Triple Net Rent Structure”.

I may very well be interested in taking some of your courses, however I would like to ask a few questions first.

If possible could someone from your organization call me to answer my questions.

By: M&I - Brian

M&I - Brian — Sat, 04 May 2024 15:01:43 +0000

In reply to KD.

Most properties are owned by pass-through entities such as partnerships, LLCs, S-Corporations, or REITs that pay no corporate-level taxes (or minimal taxes in some countries), and D&A only affects the taxes since it is a non-cash expense.

Individual shareholders will therefore see the impact of the D&A on their K-1 forms (in the U.S., for example), but as a convention in most RE models, you don’t show the D&A unless the property is owned by something like a real estate operating company that is not exempt from corporate taxes.

It’s the same reason why you do not deduct taxes when calculating the exit equity proceeds in an LBO: Yes, there are capital gains taxes, but since the PE firm is a partnership, the taxes are paid at the individual shareholder level for both the GPs and LPs.

By: KD

KD — Wed, 01 May 2024 05:02:06 +0000

Thanks for this, Brian. Do you not assume depreciation or amortization for the relevant period?

By: M&I - Brian

M&I - Brian — Mon, 10 Jul 2023 22:51:52 +0000

In reply to ashraf manna. Thanks!

By: ashraf manna

ashraf manna — Sat, 08 Jul 2023 15:15:10 +0000

Thank you for the great proforms and narrative!.
It appears to be very comprehensive and extremely well laid out. A great resource. Thank you so much!

By: M&I - Brian

M&I - Brian — Wed, 18 Jan 2023 16:41:23 +0000

In reply to Mike.

So on these technical posts / Excel-based articles, we can only answer questions related to the actual content here. At a high-level, though, single-family home development tends to be structured differently, often more based on development and pre-sale “phases,” with less detail on each individual unit in the lot. So you will tend to see more complicated funding structures and timelines, with equity and debt draws occurring at different times.

We do have 2 pre-sold condo development models in the Real Estate Modeling course (one easier/shorter and one more complex with a more detailed waterfall).

By: Mike

Mike — Wed, 18 Jan 2023 01:49:42 +0000

What are the necessary pro-forma elements in regard to developing a residential (most single-family homes with some multifamily structures and some commercial/retail spaces. Land as already been acquired, but this is needed for our business plan to lenders to fund the development. First-time developer here, is there a model available for this?

By: Hunter Iannozzi

Hunter Iannozzi — Mon, 19 Dec 2022 22:21:43 +0000

In reply to Peter Kempf. Residential Brokerages usually value properties using comparable sales, no need for any of this unless it's an independent residential/multifamily investor.

By: M&I - Brian

M&I - Brian — Wed, 07 Sep 2022 18:39:43 +0000

In reply to Peter Kempf. We do not have anything for residential brokerage companies. We post free samples of the material we have and nothing more.