Creating the Business Plan

[Andres G.]

Hi all, Newbie here investing in the CT market. I have a house that I flipped currently under contract and a triplex (also under contract) due to complete in two weeks.

My current issue is funding as I want to be able to do more deals and accumulate more rental properties. So I decided to take some time off and work on the business plan for the company that I can present to private lenders and investors.

Simple or detailed: how in depth do you go when outlining the company business plan? Should I use data from the two properties I’ve sold/bought?

Demographics: what websites do you use to provide this data and how far back should I go to point out trends?

Interest rate: any tips with setting up rates? Does anyone use interest bracket samples they can share? And what are other types of structured contracts with private investors has anyone set up?

All comments/advice are welcome!

Andres

P.S. If anyone is investing in Hartford County, CT, let’s link up!