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Updated over 8 years ago,
First large acquisition Business Plan
Hello all,
So, as a Business Consultant by trade, I never really thought I would find myself asking this question, but here I am. I am looking for advice on how to structure a Business Plan for a multifamily acquisition I am eyeballing. It is a rather large first deal to do in Multifamily (250 units, 5 retail spaces in addition), and it is a property that has tremendous capacity for forced appreciation, as well as multiple viable exit strategies.
I have written numerous business plans for different business types, but I have never done an in depth plan for real estate to secure funding on this scale. I am well aware that I will need to partner with a more experienced investor in this deal, but I want to make sure I have my ducks in a row before I go shopping it to people. I realize I am a newbie in the area of acquiring something this size, but I have every desire to appear professional none the less.
I know how to run the numbers, I know what to look for in the analysis, I am just unaware of any specific items I need to be sure to include in a business plan for something like this that, if left out, would lead to me potentially appearing amateurish (which I am), and missing funding.
Any advice that can be given with such vague information is appreciated. If one needs more detailed information, please private message me. I have an NDA and a Non Compete that I would like you to sign before going into more details. Thank you for all of the help you guys are going to provide.
Bigger Pockets always comes through.