Drafting a business plan for real estate investing purposes is, without a doubt, one of the single most important steps a new investor can take.
An REI business plan will help you avoid potential obstacles while simultaneously placing you in a position to succeed.
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] As a whole, a real estate business plan should address a company’s short and long-term goals.
These can include ideal investment types, profit numbers and company size.
Short term goals are the smaller, actionable steps required to get there.
Before writing your company vision, think through examples you like both in and out of the real estate industry. Feel free to reach out to your mentor or other network connections for feedback as you plan.
Most importantly, think about the qualities you personally value and how those can fit into your business plan.
In many ways nothing is more valuable to today’s investors.
It is the plan, after all, to follow the most direct path to success.