How do you check whether a seller's pro forma is realistic?
Short answer
Answered
## Short answer
Compare each line to the asset's own history and to similar assets nearby. Titleman Underwriting flags rent growth, vacancy and expense assumptions that sit outside the normal range.
## What to look at
- Rent growth against the market trend.
- Vacancy and concessions assumptions.
- Taxes, insurance and repairs against comparable assets.
## Try it on your own deal
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