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Updated over 4 years ago, 05/08/2020

User Stats

61
Posts
19
Votes
D Higgs
  • New Jersey
19
Votes |
61
Posts

REI financial business plan

D Higgs
  • New Jersey
Posted

Hi BP. I'm currently working on my REI business plan and was hoping some experienced investors could provide some insight. I'm completing a 3-5 year financial projection and wanted to know what factors could (or should) equate to Bigger Pockets. (See what I did there?!). Of course, this is an ideal situation because ANYTHING can happen, however I want to start forecasting.

Here's what I have so far. What else am I missing?

willing to take more chances on larger, more extensive flips for bigger profits

Able to save $$$ due to more experience, tenure with lenders & vendors (better rates, etc)

More referrals with social media, realtors, attorneys, contractors, etc

Get into rental properties that will increase cash flow. Start building equity.

Hire project managers and general contractors to manage projects. Freeing me up to spend more time focusing on finding properties, lead generation

Transition to REI full time

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