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With this information, now you got something significant to put in your business plan. Some specific elements in your plan would typically be: your Objective; the Method that you will use to reach your objective; information about your Niche; Marketing; your Growth plan; your Organizational Structure (LLCs, etc); a Summary; and whatever else you think is pertinent to your specific business.
I a firm believer that business plans should be relatively short, as in 3 5 pages. The longer the plan is, the less likely anyone will read it.
For example, let say that you want to have a monthly positive cash flow of $5,000 and equity of $500,000 in 5 years. A good rental deal will typically have a cash flow of $100 per unit per month and you can generate another $100 per unit per month by Purple Nike Air Max Womens
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I would suggest starting with your goal, and then working backwards. You say "I want to focus on acquiring small multifamily units (2 10 units) and renting them out, bringing in a monthly cash flow." How much cash flow are you looking for and in what time frame? You should define that first Air Max Shoes For Men 2014
Defining Business Plan
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years to meet your goal. To reach your equity goal, those 25 units would need to have an average of $20,000 of equity each.
and then work backwards to determine how you will meet that goal.
doing the management and maintenance yourself. To reach your cash flow goal, you would therefore need to buy 25 rental units in 5 Womens Air Max Black And Pink
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