How to Create a Simple Real Estate Business Plan

Becoming a full time property rehabber is actually a very
easy process. So why do so many investors get it wrong, or
even worse, do nothing? Simple:
NO BUSINESS PLAN!

Make no mistake about it: This is a business!

If you
invest time and capital with the aim of making a profit,
then you are in business, regardless of wether you purchase
one or fifty homes.

Before you commit a single dollar or a minute of your
time, you should step back and have a good think about what
it is that you want to achieve.

When developing your business plan, you may wish to
consider the following questions:- How many renovations do you wish to complete in one year?- Do you have sufficient capital/finance to achieve this
target?- Will you sell for profit or hold?- Do you wish to create an additional income stream?

Do you wish to do it as a full time job?

Why you need to write a business plan?

To plot the course- To create the "big picture" - to recognise long term
direction and think about staying in business and not just
starting a businessTo create a feasibility study- Test the viability of your goals- Is it going to be profitable- What kind of financing will you need- Recognise the barriers to your successBecome a better decision maker- Anticipate problems- The process of gathering information ahead of time will
allow you to make more informed decisions- Your plan will provide you with an organised way to face
issuesFor a reality check- The plan will challenge some of your pre-conceived
assumptions- Your plan will raise questions that will inspire
solutions before you need to face those problems- It allows you to recognise what will be required of you- Identifies your strengths and weaknesses and highlights
needed areas of assistanceGuide and measurement toolThe business plan will act as a guide throughout your
development and allow you to measure your progress against
planned expectations. You can make adjustments accordingly.

Your business plan should contain the following elements:
1. Executive Summary:

Include general information about your business; your
objectives; and your Start-Up details.
2. Market Analysis Summary:

Give a brief description of the market that you intend to
work in, and your acquisition strategy.
3. Implementation Plan:

Outlines your renovation strategy and process.
4. Sales Strategy.
5. Sales Projection.
6. Projected Profits and/or Losses.
7. Financial Plan.
8. Management Summary.
9. Important Assumptions.
10. Summary.=================================
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==================================Sal Vannutini is a successful real estate investor and
author of the best selling "Fixer-Upper Fortunes".
Free e-book and 6 Part mini-course reveals how to make a
fortune in real estate.

Visit: http://www.fastfixerupperprofits.com

Salvatore Vannutini