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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.

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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.

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and then work backwards to determine how you will meet that goal.

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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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