Getting a head start by planning is an excellent first step! Identify your overall financial goals and refine your investment strategy to effectively achieve them.
Moreover, BP serves as an exceptional platform not just for networking and building connections, but also for enhancing your knowledge.
Hi Jeremy, I'm pretty new as well. It's going to sound lame but do your research. It takes time, use ChatGPT to answer some questions. I had it build a checklist from now to a year out. Of course with AI Do your due diligence of course... I use audiobooks when I drive to and from work (Brandon turners). I'm also getting my Realestate license, but that's technically optional. I'm also trying to build my network as well
Great question, Jeremy—honestly, you’re already ahead of most new investors by even thinking about a business model first. Too many people jump into deals without a strategy and end up overwhelmed or scattered.
Here’s a simple approach I’ve used that works well for new investors:
Basic Real Estate Business Plan Framework
1. Your Strategy
→ Are you doing BRRRR, flips, rentals, house hacks, short-term rentals, or a mix?
Be specific—even if it evolves later.
2. Your Market
→ Why Little Rock (or wherever you're investing)? What do you know about price points, rents, demand, etc.?
3. Your Criteria
→ What types of properties will you target? (e.g., 2–4 units under $150K, needs light rehab, cash flows $200+/mo)
4. Your Funding Plan
→ How will you finance your first few deals? (Cash, partners, FHA/VA loan, hard money, etc.)
5. Your Team
→ Who will be your agent, contractor, lender, mentor, etc.? Build your bench early.
6. Your Exit Plans
→ Hold long-term? Refinance? Sell and 1031 into something bigger?
If you’d rather have a structured template, check out:
BiggerPockets Business Plan Template (free) – It’s solid for starting out
REIkit.com – Has a simple business model canvas for real estate
Or message me and I’ll send over a basic plan I use when onboarding new clients
The key is not to overthink it—just get your ideas out of your head and into a format you can act on.
Hi Jeremy! You're off to a great start and thinking like a true investor. You should always have a plan in mind before jumping in. Im happy to help you build your buy box and define your investment strategy! Just say the word!
Getting a head start by planning is an excellent first step! Identify your overall financial goals and refine your investment strategy to effectively achieve them.
Moreover, BP serves as an exceptional platform not just for networking and building connections, but also for enhancing your knowledge.