how do I build a plan?

[Jordan Pothier]

Hey everybody!

I listened to a podcast yesterday and was curious if anybody would mind sharing how they built there REI plans 30 60 90 day and 6 month 1 and 5 year plans. I am looking to get started in single or multi family rentals and have been trying to figure out step by step plans. I find it extremely encouraging and helpful to hear others success stories and a guide to how they did it. Also what options do I have starting off with 10-20k and what would be some smart things to use this for? Thanks in advance for sharing!

[Joe Villeneuve]

This is a critical aspect of success.  Trouble is, you hear a lot of plans stated as, "3 of flips/year, and # of holds/yr"...which isn't a plan.  Not sure what I would call it, but there's no PLAN there.

The best way to design a plan, is to start at the end, and work your way backwards to where you are now,...then just follow the bread crumbs.  Reverse Engineer it.  You'll be more efficient in both time and money that way.