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Updated almost 3 years ago on . Most recent reply
Real Estate Business Plan
Curious how many of you have created a real estate business plan before embarking on your investment journey? If so, how has this worked for you? Are there templates that can be replicated/repurposed?
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#4 Rehabbing & House Flipping Contributor
- Contractor
- Scottsdale, AZ
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#4 Rehabbing & House Flipping Contributor
- Contractor
- Scottsdale, AZ
Getting organized with a business plan is a good idea. But don't get too hung up on it. Knock something out in an hour later today. Scribble it on a napkin if you need to. Doesn't need to be fancy and formal. The things that I outlined on my original business plan were:
1. What real estate investing niche to focus on (in my case, I chose flipping houses)
2. What zip codes and neighborhoods would I target?
3. Who are 3 general contractors I could call if I found a deal?
4. Who are 3 real estate agents I could call to help me run comps on a deal?
5. How would I fund these deals?