Business Plan

(STILL IN THE MAKING) This Business Plan is Modeled following Rich Dad Poor Dad B-I Triangle and the Bigger Pockets tutorial on planning for a successful business.

Mission Statement:

Create a Series LLC that can provide a comfortable living environment for those looking to begin a future for themselves and their families. Build a company that will produce enough passive income and offer jobs to those who can catch the vision and are willing to work.

Goals:

1. Develop a strong portfolio of rental properties including but not limited to; single family, multi-family, and  apartment buildings.  

2. Create a Property Management company that maintains the portfolio, and manages local properties.

Strategy:

First, Buy and Hold the first home for 1 year to make sure this is a plan for me. Also, organize the Property Management Company. 

Second, Buy homes 1-10 by year 5 

Third, Buy homes 11-50 by year 10

Fourth Buy homes 51-100 by year 15

Fifth Buy homes 101-200 by year 25

Sixth Buy homes 201-350+ by year 30

Year 30 sell the Property Management Company keep assets managed by them and live life. 

Criteria 

Time Frame: 

Broken down into small time increments, the main goal is at 55 years old (30 years)  be able to retire by selling the property management company, and living off the cash flow from the rental properties. 

Market

Criteria 

Marketing Plan

Exit Strategy

Teams and Systems : "Dream for a Team"

In the beginning the team will consist of 1-2 business partners and a strong network of others who have accomplished similar goals. As will be discussed later on in the paper,  these partners, until we are able to higher others, will hold the responsibilities of 1. Furthering Company Education 2. Realtor/ Realtor Relations 3. Accountant 4. Tenant Relations 5. Advertising/ Human resources 6. Lawyer/ Insurance Agent 7. Financing 8. Handyman

5. Advertising/Human Resources  

• All in-company hiring and firing 
• Discovering target market 
• Advertisement - email, flyers, posters. etc. 

6. Lawyer/ Insurance agent  

• Writing all contracts 
• Handling all legal issues
• Insurance

7. Financing 

• Seeking Financing - Investors, Private Lenders, Banks, Mortgage Companies, etc. 

8. Handyman

• Remodels, Repairs, Construction.

1. Company Education

• furthering network adding members to the team 
• Seeking out seminars
• Determining membership in Associations 

2. Realtor/ Realtor Relations 

• Finding Investments 
• Acquiring Realtor licensing 
• Access to MLM listings 

3. Accountant 

• Financial analysis of Assets and Liabilities 
• Rent Collection 
• Bookkeeping 
• Scheduling payments- mortgage, taxes etc 

4. Tenant Relations 

• All relationships with tenants 
• Interviews 
• Evictions 
• Rent Collection

Leadership: "A visionary, cheerleading pit bull"

Leadership of this company will include but is not limited to myself and the other partner(s) of the LLP/LLC

Finances: 

 Illistrate example