Can you critique my business plan?

3 Replies

You have put a lot of work in it,,,don't take this wrong, but I have a question,,what will you do with it.

If your going to use this to help get financing, (which is what I am guessing),I would first go and sit across the desk from bankers in your area, find out from them what they want from you to get you the financing you want.

If it is to get financing, I would go find a deal or two, bring them something concrete, a certain house, the plan for the house, the details of how the deal would work,,,that along with your financial situation and credit (if this is a new LLC I don't see them loaning without a personal guarantee).

Good luck with your investing,,,REI is a great world to play in!

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Its aspirational but lacks any specifics. Where are the numbers? How much capital will you invest yourself? How much do you want others to invest? What will your cost of money be?

Example: I want to rehab 10 houses in my first year. At the most I would have 2 at a time. Total capital needed for that would be $140K. I have $30K of my own money to invest. I expect a profit of $15K per house. Etc....

A business plan is about numbers. Words are fine but the game is about money right?

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