Does anyone know where I can get a sample REI business plan. I found several templates, but they were all service or product related. How do you set up a business plan when the sole goal is for you alone to make money.
What will you be using this plan for? (Attract investors, management reference, etc).
What kind of REI business are you working towards? (Rentals, rehabs, wholesaling, land leases, development, flipping, notes, etc.)
Your sole goal is not to make money. All businesses have the intention of making money but if you focus on “How can I make money?” you’ll be overlooking important aspects of your mission. Find a selfless purpose behind the intentions of making money. Focus more about what you can do to help someone or something rather than money for now. Money comes at the result of filling a void for something or someone.
Well my goal is to acquire properties from both preconstruction and motivated sellers- resell some and lease option or rent others- depending on the situation, and eventually use the money I make to develop and invest in commercial RE. I already have 6 acres in FL that I plan to develop a subdivision on- but I need liquid capital plus more experience.
I eventually want to use the money I make to invest in start-ups and become an angel investor.
I currently have a website and an LLC under which to work. Some motivated sellers have called me already- those I couldnt help- I referred them to an investor/mortgage person I know that can serve them better.
So youre saying- if I gear it toward providing motivated sellers with solutions- it’ll work out in the end?
So youre saying- if I gear it toward providing motivated sellers with solutions- it’ll work out in the end?
I can’t promise you success, but if you focus your attention on helping motivated sellers get out of their problems and new home buyers get their dream home (precon), you’ll have a better chance. You’ll have a better chance because you will start to see things from your clients and customers point of view rather than a greedy vultures point of view.
Sounds like you just need a business plan to organize your thoughts and keep as a reference to map out what you’ve done and what you need to do. A template would work just fine for this. I have a short RE business plan outline I can send you that is a list of the things to include. It’s not a template, but rather a table of contents to give you some direction. Check your PM’s.
Thankyou, Danny.