business plan

[Gary O.]

Viewing this a the last place I will lay my cards on the table. Meaning that this statement will be honest and from here I'll be more guarded.

My question is simple. I know better than to invent a me that is dressed up and I can't prove up on . That stated, I don't want to present something that has no body at all, so in that situation how do you get off the ground even in a small way if the dream is the only real thing you have to show. My assets and current standing don't even impress me.

All input will be appreciated

[Eric H.]

@Gary O. I will begin where @Jon Holdman left off. It begins with identifying your ultimate 'why'. Create a plan/outline that starts with the end in mind. I like to work problems - business and personal - from end to beginning. From my experience, working in that order lessens the chance I will miss something. You're plan doesn't have to be followed precisely but you do need one. @Brandon Turner likes to use the road trip comparison to explain the importance of a plan. You wouldn't try to travel across the country without a map so why would you try to run a business without a plan.

I think you're post is brutally honest and I know you are not alone in your feelings. But those that criticize you or will not work with you because of your lack of experience are not the people you want to be working with anyway. Furthermore, take some time to write down what you are good at. Identify some skills that you possess in other areas that are transferable to real estate and business. I am certain there is something you can come up with.

In the end, I think it boils down to education. Knowledge is an asset although it doesn't show up on the balance sheet. The 'Learn' tab in the nav bar is your friend. Identify and enroll in real estate courses at your local community college. Join an Real Estate Investment group in your area. Check out all those books Mr. Holdman suggested. Check out this post for more reading material.

http://www.biggerpockets.com/renewsblog/2013/04/14...

Good luck and see ya round BP!

E. Harris