Whew! But we opened the and a future of dependable 5. It needs to have a training
doors to an immediate continuous cash flow for you and support component
100% occupancy and and your family. to allow for adjustments
understanding of the proper
as the market changes.
way to manage the hotel, Your business plan needs to staff, marketing and lots of cover all the aspects of this 6. It should provide branding
support. We were able to confusing real estate to benefit from nationwide
take their training, tools, business... recognition and marketing.
have an up and running 1. Provide for safety and 7. It should support building
business without having to allow for controlled a sellable business, so
make it up as we went. That expansion. you can exit when you
technology and team and
made sense to me Doesn’t
that make sense to you?
want to without having to
2. It needs to include all the
liquidate.
possible profit centers in
So the question you may be Buying, Renovating,
asking is…” Does the Real Managing, and Selling.
Estate business have such
a path?” You bet it does! 3. The paperwork and
And you can actually processes need to
choose the path to follow. support all the aspects,
so profits and risks don’t
Your real estate investing
get overlooked.
needs to be thought of as a
business not just buying 4. It needs to provide a
and selling a house and business model that can
just like a business, you’ll be easily duplicated
want a business plan to regardless of the size or
follow; one that allows you economic condition of the
to build a business that will market you are in.
generate a good income
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So…You
Want to
be a
Real Estate
Investor…