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Updated over 8 years ago on . Most recent reply
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Trying to write up a business plan and goals.
Please help me what am i missing ?
Mission Statement
Buy distressed properties with a primary focus in Bayonne NJ Add Value to them through a rehab and resell them at market value for a profit
Goal for next six months
Start at least 2 new Flips a month.
Marketing Plan
- 1.Send out 5000 Mailers a months.
- 2.Make 2 offers a day on Property’s or 32 a month (4 times a week )
- 3.Driving for dollars 2 Hours a week
Criteria for investments
- 1.1-4 Family homes
- 2.Maximum purchase price 250K
- 3.Maximum repair price 65K
- 4.At least 25 Percent Profit on ARV
Steps
- 1.Generate leads
- 2.Make an offer based on Estimated work needed and ARV
- 3.Sign A Contract Subject to Inspection
- 4.Do A home Inspection / Get an Appraisal for ARV / And get cost of rehab from GC
- 5.Close on property / Finish Rehab / Sell property
My Team
- Attorney I have
- Licensed GC I need to find (For bigger jobs or pulling permits)
- Sub-Contractors I have (For simple tasks)
- Home Inspector I have
- Appraiser I need to find
- Real-estate Broker I have