All Forum Posts by: Shanai Rogers

What would investors need to see on the first page that would give them a reason to read the rest of a business plan? 

Hello! In your opinion, what is the order of contents that one should have when creating a business plan that is made specifically to acquire funding? What do you think a lender would want to see on the first page of that business plan?

Hello! Did you by chance ever find this answer? I am currently wondering the same thing. I see the response about the Tools and tried our the rehab calculator which is the only one that I can think of that would work for this scenario but I think even that calculator is meant for land that already had property on it. I'm wondering if you found a resource to calculate from a vacant land perspective?

@Ken Naim Thank you!! Yes anytime I was remotely close to bidding it would be redeemed, literally minutes before the auction was going to start.It seemed almost impossible to succeed so I definitely believe and understand what you mean. I am starting to focus my business plan on a range of exit strategies as opposed to getting caught up on one because it can be such a time stealer. Thank you for your help everyone on this post is just amazing I really appreciate everyones feedback so much. Being in the startup and diligence stage this means so so much

YOU ARE AMAZING!!! Everyone has been so great with responding and helping me just be realistic on my journey, it is appreciated more than I think you realize. Thank you so much. I am planning on going to an auction just to get a feel for it and see the bidding process. I've also been looking at prop stream as well to do due diligence about a property as well as have a foot on the ground out there (in Florida) to see what the actual address looks like in real time. Thank you again for your solution based advice!!

Thank you all so much for everyone’s help!! This is the only place where I can get such genuine great advice. This is a no redemption county in Florida & I am sure that the bid will be way higher. I haven’t made it to one yet everytime I finished due diligence on properties and went to bid the day of the auction the bid was redeemed. That was always a problem I ran into. Thank you all for your thoughts I need to think about these things because that’s what an investor would ask. Thank you!!

Hello everyone! I am calculating the ARV & profit on a property and would like to know if I am doing this wrong? This example is as if a property was in a tax deed auction & I bid and won for the purposes of wholesaling it & selling it to an investor who plans on flipping it her or himself:

Purchase Price opening bid $3,626.47

winning bid: $10,000.00

ARV $410,700.00

Discount x 70%

___________________________

$287,490

Repairs -$20,000

___________________________

Max Allowable Offer (MAO) $267,490

Profit $257,490

Comparables:

1st: $415,000

2nd: $410,000

3rd: 407,100

I feel as though I am doing something wrong. I am of course assuming that the winning bid is $10K which most likely won't be that low with an ARV this high but it seems wayyy too good to be true? These are actual number of a property at a tax deed auction coming up but I am using this for a mock analysis to attach to my business plan so If anyone has any pointers please let me know, thank you!

Hello everyone! I am calculating the ARV & profit on a property and would like to know if I am doing this wrong? This example is as if a property was in a tax deed auction & I bid and won for the purposes of wholesaling it & selling it to an investor who plans on flipping it her or himself:

Purchase Price opening bid $3,626.47

winning bid: $10,000.00

ARV $410,700.00

Discount x 70%

___________________________

$287,490

Repairs -$20,000

___________________________

Max Allowable Offer (MAO) $267,490

Profit $257,490

Comparables:

1st: $415,000

2nd: $410,000

3rd: 407,100 

I feel as though I am doing something wrong. I am of course assuming that the winning bid is $10K which most likely won't be that low with an ARV this high but it seems wayyy too good to be true? These are actual number of a property at a tax deed auction coming up but I am using this for a mock analysis to attach to my business plan so If anyone has any pointers please let me know, thank you!

@Steven Osborne thank you so much!!

Hello! I am creating a business plan and am trying my best at the financials. I would like to know what is the average number of wholesales a wholesaler typically does when first starting out? I know that’s super vague but I am trying to project what monthly revenue can be