If you are considering getting involved in real estate you need to have a plan. Your plan doesn’t need to be elaborate or even overly formal but you should have some sense of where you want your business to go. Where most investors get in trouble is thinking they know the business simply by watching a few shows or reading as few books. As they quickly discover the business has a way of taking them to places they would have never expected. Without a solid business plan it is easy to bounce around from lead to lead without any real direction. Prior to looking at your first property or researching your first deal you need to start with a plan. Here are five aspects of writing a good business plan.
Your business plan can be as short as a paragraph or as long as you want. Having a plan of attack is the best way to approach a new endeavor.
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