$50K and a Business Plan

[Brennan Davis]

What’s up everyone, I hope the new decade has you all fired up with a wave of new possibilities!

So here’s the deal,

I just graduated and have a simple day job making around 45k a year, with no personal expenses for the next 6months (Thanks Mom and Dad—Very Fortunate), and most of all: No prior experience in RE other than books, mentors and podcasts.

With this advantage, I have convinced my grandfather and his brother (Both commercial RE investors) to form an LLC with me and invest 50K into a real estate investment of my choice IF I can propose a SOLID BUSINESS PLAN OF ACTION. My question is:

-What to include in my plan

-How to incentivize them

-Where to start gathering numbers and USEFUL data

This is where I am currently:

Capital: $50K

Market: Louisville, KY

Type of property investment: Multifamily 3+ Units

The overall goal in this plan I’m presenting is to start a foundation of equity that will lead to the ability to refinance these propertie(s) and be on track to grow at a multiple rate (Y1=1, Y2=2, Y3=4, Y4=8, etc)

Any help is greatly appreciated, and I will be happy to fill in any missing pieces to this puzzle