Start-Up Expenses, Multi-Family Investment

[Jared Foster]

All - I have been working on a business plan for investing in 5-20 unit apartment complex. I am doing this partly for to map out a plan, but mostly as an education process. At some point I would like to have it reviewed. Below is my outline so far.
1. Executive Summary
2. Company Overview
3. Product Services
4. Marketing Plan
-Key Market Indicators
-Market Data Sources
-Competition
-Case Study
5. Operational Plan and Organization
-Roles and Responsibilities
6. Peronal Financial Statement
7. Start-up Expenses and Capitalization
8. Financial Plan

Does anybody have some good go by documents for start-up expenses. I don't know where to begin here.

Thanks,

Jared

[Steve L.]

You won't need to spend very much money until you identify the property.

If you are trying to find investors you will need to put together a business plan and present it to investors. You can bootstrap that and not spend very much.

Lenders will give you some feedback on how much you need down. As an experienced investor I can get conventional financing on a 5-20 with 25%-30% down if it is in decent condition.

With no experience, fewer conventional lenders will loan to you.

After acquisition you will need your rehab budget + 20% buffer and probably 6 months of operating expenses as additional capital.