Not Having a Business Plan
Real Estate Investment Mistake 2
Not Having a Business Plan
The first thing you should figure out is, what are your goals, and what road map will get you there? Do you want real estate you work for, or real estate that works for you? Do you want the independence of being in charge of your real estate like you are in charge of, say, owning your home, or do you want to turn over control and handcuff yourself to partnerships, tenancies in common, REITs, and so on? How much wealth do you need to reach your goals of independence and security at retirement? Is there a better way to get there than real estate (obviously, we think, no!)? But it has to be real estate done the right way, with the right business plan. We share how we put our business plans together with hundreds of our customers later in this website. (see Our Due Diligence Methodology and our customer testimonials)
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