Home Add to Favorite Contact Submit  
             26 November, 2020
 

    
Category:  Articles » Real Estate » Real Estate Investing

 

Creating Your Real Estate Investment Business Plan

Popularity:
         Views: 1980
2009-11-04 05:26:55     
Article by Alan Brymer

Congratulations! You are now in business! Before you commit a single dollar or a minute of your time any further in your new real estate business, you should step back and have a good think about what it is that you want to achieve. And that all starts with a business plan.

When developing your business plan, consider the following questions:

• Do you know what kind of properties you want to buy?

• Do you know how you are going to fund the properties?

• Do you have an exit strategy?

These three questions are vital to beginning your business plan. Let's move on to your actual plan.

1. First things first, you have to write your plan down. It doesn't have to be long, in fact, your plan can be as short as one page. But it must be written down.

2. Now, move on to the kinds of property you want to buy. Houses? What kind? In what areas? Price?

3. You're ready for the funding now. Are you going to use private lenders, lines of credit, or maybe a combination?

4. Don't forget your exit strategy. Especially in a soft market, you have to know up front what you're willing to take for the property. Are you going to sell right away? Or are you going to buy and hold? Decide on your exit strategy now.

5. Determine your ultimate purpose. Why do you want to invest in the first place? Knowing why you want to invest will help you decide what types of property to buy.

And that's all there is to it! These are the parts to a simple, yet valuable, business plan. A business plan is sure to help you have more hassle-free transactions. Once you have your plan down, it's time to move to your action plan.

Specialized in: Creating - Investment - Business Plan
URL: http://alanbrymer.com/thesilentkiller
Print article      Bookmark this page
Related Articles 
Things to Keep In Mind While Buying Ogden Homes (Popularity: ): So you have been considering buying yourself a home in Ogden! Smart idea, I must say, for this seems to be the best time to invest in Utah real estate. But, remember that buying or renting homes have their inherent advantages and disadvantages…depending on the circumstances and life style of an individual. Owning Ogden Homes helps in building equity, gives you stability and independence. And with such low interest rates, ...
Property Investments in the Current Economic Climate (Popularity: ): During times of recession, investors get more troubled about their finances. This may be partly true because they do not even have the necessary funds to buy a property to invest in. If this is the way they think, they are guessing that other property buyers share the same thought. If this is the case, then they would be buying a property that nobody will buy. People are afraid to ...
Real estate cos review hospitality projects (Popularity: ): The capital-intensive nature and long gestation periods of hospitality projects seem to be forcing a rethink among real estate developers on such ventures. While DLF has decided to sell about 7.5 acres in Kolkata and Gurgaon after scrapping plans to build luxury hotels, Emaar MGF Land is putting on the block about 5.6 acres on the outskirts of Kolkata, four years after buying the same at a whopping Rs 190 crore. ...


Related Business 
Property Portal, Real Estate (Popularity: ): Real Estate Market, Buying and selling real estate, real estate, investment projects, planning, site clearance. Real estate exam, real estate, Buy Sell real estates, real estate, real estate transactions, land and house transactions, Batdongsan.
Real Estate Property Investment (Popularity: ): People are becoming more and more interested in real estate property investment business due to its profitability. Investing in real estate is considered to be safer than other investment options available in financial market including investing in stock market. 
Altius Directory (Popularity: ): Real estate, real estate agents, real estate listings, real estate foreclosures, commercial real estate, real estate mortgages, real estate companies, salary pay scales, insurance, real estate development, investors, property advisor, real estate marketing, real estate taxes, finance, real estate career, real estate brokers, trends, universities, real estate attorney, real estate schools and more.
Real Estate Melbourne (Popularity: ): For any kind of Property Investment Advice in Melbourne, Australian Property Advisory Group is available anytime to help property investors make the right decisions about their property investment choices. It’s our aim to eliminate the perception, hearsay, opinion and guesswork from the investment equation in the Melbourne real estate market. We help you establish your goals, create a plan, optimise the plan, implement and manage the plan for best property ...
Restaurants and cafes for sale (Popularity: ): As a leading Australian Commercial Real Estate and Business agency, CST Properties strives to be your business partner. We take the time to understand your Property Investment goals. We want to develop the strategy to work together with you to achieve your property investment goals. We can help you chart your destination and help you achieve the properties full potential. Investment Property and/or Commercial Real Estate are substantially different than ...
Real Estate Investment Property (Popularity: ): Buying investment Property or to let properties, know more about Rental/ Residential property investment form Best Real Estate Investment EXPERTS. Rooftop Profit Max helps investors, even rookies, create a steady cash flow in real estate.
Ek Ghar Ho Apna - Residential Real Estate (Popularity: ): Ekgharhoapna.com provides information & resources about Residential Projects in Delhi Ncr. Real estate market is booming and its time to secure a high potential investment property. So if you are looking for investing in real estate or searching for New Projects in Delhi Ncr then you are on right place now. Real Estate prices in the world are sinking. But the real estate Investment in India is rising. This is ...
Real Estate Instructor (Popularity: ): Learn about investing in real estate with this proven online Real Estate investment course. Get a real estate investment education and start a successful career in real estate investing.
Kerala Real Estate (Popularity: ): Real estate is a legal term covering immovable land along with permanent fixtures including buildings, fences, wells etc on the location. Real estate has developed as a major area of business today involving specialized services such as management, investment and marketing in different areas like commercial, corporate and residential real estate.
Property Investment India (Popularity: ): Land Guru is a specialist in world-wide real estate investment management strategies for high capital base investors, our company services provides an advice in any real estate related property investment India, fdi indi, real estate investment India etc.