Real Estate Business Plan

[Britt Smith]

Curious how many of you have created a real estate business plan before embarking on your investment journey? If so, how has this worked for you? Are there templates that can be replicated/repurposed?     

[Scott E.]

Getting organized with a business plan is a good idea. But don't get too hung up on it. Knock something out in an hour later today. Scribble it on a napkin if you need to. Doesn't need to be fancy and formal. The things that I outlined on my original business plan were:

1. What real estate investing niche to focus on (in my case, I chose flipping houses)

2. What zip codes and neighborhoods would I target?

3. Who are 3 general contractors I could call if I found a deal?

4. Who are 3 real estate agents I could call to help me run comps on a deal?

5. How would I fund these deals?