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Updated almost 9 years ago on . Most recent reply

User Stats

224
Posts
45
Votes
Tzvi Balsam
  • Investor
  • Brooklyn, NY
45
Votes |
224
Posts

Trying to write up a business plan and goals.

Tzvi Balsam
  • Investor
  • Brooklyn, NY
Posted

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

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