Financial Section of The Business Plan

[Craig Barker]

So, I have been working on my business plan and I am stuck with many questions. First, my plan is aimed at apartment complex's containing 15 to 50 units that need very little rehabilitation. With so much variability, number changes.

1) How do i go about addressing my fincancial section of the business plan when there is so much varibility in size? The variability will effect maintance cost, utilities, staff size, and hours worked.

2) Should I find a prospect property in my market and use those figures?
3) Where can I find a Business Plan for this type of REI?

All advise is appreciated.

Thanks,

Craig Barker

[George Paiva]

Craig I believe Bill was referring to a property package instead of your own business plan on how you are going to approach things.

For the business plan i would focus like you said on a few generic properties and put some hypotheticals. You can also do it very high level on the type of property you are going to focus. That's what I did.

Now the more specific plan is the Property Package which you will need to create once you have one under contract. This maybe a quick one page flyer or a 20+ page document. Will depend on the property you are marketing to investors. In there you will want as much detail on the financial analysis as you can do, typically 5 years out or even 10yrs if its a long term buy and hold. Specifics on what you are offering investors and what you will need from them will have to be stated.