Real Estate Industry Business Plans

Real estate industry business plans come in all sizes, in all geographies.

 Question: From Mortgage Broker to Mortgage Banker Business Plan

From:  Mike  (Providence, RI USA)

I'm transitioning from mortgage broker to mortgage banker and need a biz plan in order to get the warehouse lines of credit I need. So I'm not writing it in order to get funding or for investments, only to convince a warehouse lender that we will make the line work for us. What do you have?*

Question:  Real Estate Investing

From:   Amanda  (St. Paul, MN)

Can you do a business plan for real estate investing?

 

Question:  Multi Family Apartments

From:  JD Hawkins  (Foley Alabama)

I  need help in developing a business plan for putting together all aspects of locating Multi Family Apartments in Emerging Markets, locating investors, locating properties with value play, buying, managing, and selling after 3 to 5 years.

Our Response For Real Estate Business Plans:

Mike, your best bet is to focus on your experience.  Success breeds success, and that is something that the warehouse lender really needs to see.  Everything in your presentation should shout that you've been there, done that, and been very successful at it.

Truthfully, these are all very sophisticated business projects, and all require very sophisticated business plans.  Most real estate related projects fall into this category.  Here is how we recommend that you tackle a project like this:

First, don't plan on being able to write the whole real estate industry business plan yourself.  It is too much.  There are even special accounting programs designed just for the real estate industry that can cost hundreds, or even thousands, of dollars.  Our business plan does not provide those resources.

It would, however, be an excellent idea for you to really gain a handle on what a successful business should include.  You need to know about

• Marketing plans and creating a strong, targeted plan
• Finance options, and how to present to each
• Key players, and how to present them
• Industry analysis

and lots more.  Don't just turn this project over to a stranger.  First get a handle on it yourself.  Gather all of your information and decide -- you decide -- on the best approach for funding.  Get hold of a great basic business plan, study it, and use what you can.  Even draft some of the sections.

THEN, and only then, find a professional business plan writer who can pull the whole thing together, including the industry specific financials that you need.

You are seeking more financing than most businesses, in an area that has been very hard hit in the financial crunch.  Go in with strength in your business plan.  It is your only option.

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