A wealthy, moral, ethical business man I know has seen success that I have had with 2 single family rental properties I own. He has asked me to start a real estate investment business with him. First he wants me to send him a brief 1 page business plan. Any thoughts?
First thought is...I hope, when you say "I know" this man, that you actually know him and don't just know of him.
Second...use that little search box in the upper right hand corner and search on Business Plan. You'll find examples in the File Place, advice in the Blogs, and advice and opinions in the forums.
Read through the information there. Google business plan examples. Then post any specific questions you have. Business Plans come in more flavors than Baskin Robbins.
If he asked for 1 page, give him one page. Don't over engineer the plan. He probably just wants to see if you have a defined method or if you have just fallen blindly into the success you've had.
@Joshua Jacobs look on bigger pockets blog for Outline of a Real Estate Business Plan, the first step to success by Ryan Moeller. I found this to be very helpful and pretty simplified.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.