Husband & I are prepping to buy our first property locally.

[Breonna Mahana]

Husband (34M) & I (30F) are working two full-time jobs, saving 1k a week, paid off all of our CC debt, & will be purchasing either a duplex/single family home with ADU. We have been self educating ourselves for the past two years and now finally have a very clear path on how to achieve our goals. I'm nervous & excited & anxious & so so so ready to begin this journey.

I was hoping somebody on here as a business plan template that can guide me thru this process.

I tried to use the one on BP but the file downloads as empty.

[Tanner Pile]

Hi Breonna, congrats on the two years of education you've been putting in. It seems to me like you have a good idea of what your business plan would be for the first property. They can be as complex or as simple as you like them to be. Some questions to start would be:

Do you plan to live in the property?

Will you long term rent both sides?

Maybe short term rental?

How much cash flow is ideal for you?

Once you go through these, punching in some numbers on the bigger pockets calculators will help you understand what exactly would be ideal for your first property. Ideally don't do anything too complex with rehabs. Starting simple with the first one will help you understand how to tackle your next property and teach you many lessons along the way. If you have any other questions I'm happy to help!