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374597 Business Plan For Real Estate

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Posted over 14 years ago

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I'm looking for a good business plan writer with researching experience in this field for a professionally written business plan for my real estate business that I can use to show to private and commercial lenders. I have had some success in my business but I need to take it to the next level and I believe with the right plan I can find all the funds available to more deals. Here is the preliminary plan of what I want the business plan to be tailored to. EXECUTIVE SUMMARY Premium Property Buyers Inc. (PPBINC) will operate in the Chicago land area mainly including the counties of Will, Kane, Dupage and Cook, in the communities of, but not limited to, Plainfield, Naperville, Joliet, Aurora, Downer's Grove, Lombard, Boling Brook, Chicago North and Chicago South. These areas were chosen because of the significant population of distressed homes mainly bank owned, estate sales, absentee owners with emotional dissatisfaction of their properties, investor washout etc. that are in our target acquisition price range of $25,000 to $50,000. This represents a price differential of at least 35% to 45% below market value or after repaired value. This will allow us to absorb a renovation expense of approximately $20,000 to $ 50,000 and still net $15,000 to $20,000 minimum from each deal. Another fundamental reason for choosing these areas is because of the recent popularity of these areas by our target customer base of first-time homebuyers, renters and rent-to own buyers. In order to appeal to the widest audience of the target customer base, the properties will include at least 3 bedrooms and 2 baths per unit located on side streets close to schools, public transportation and inclusive of all amenities desired by young, professional families. To be successful in this business, a strong partnership must be built with many service providers that have an intimate knowledge of the communities we have selected. This list of contacts includes but not limited to a real estate broker, a licensed and insured trade contractor, property managers, real estate attorneys, title insurance companies, neighborhood associations, the Chicago Housing Authority and local investment clubs. In addition to this, Vice President of PPBINC is a licensed realtor in the state of Illinois. The investment strategy for PPBINC includes the renovation for every property purchased to bring the property to maximum value and allow it to be sold or rented out in a timely manner not limited to over a period of 6 to 12 weeks within a substantial profit margin at 70% of today's market value. Our first official property purchase is expected to be in the next 30 days and following the timeline of rigorous rehab project management with the goal of completion being on average 8 weeks depending on the complexity of the renovation. Marketing for our target customers will be done during this period and thus shortening the time period of getting a buyer to move in the shortest time period after completion of the renovation process. Once we achieve this goal, net profits will be applied to another project for tax benefits and the process will be repeated once again with an ultimate goal of doing two properties per month. Each property to be purchased will go through an extensive financial analysis in a spreadsheet that has been created for this purpose. This analysis will provide decision-making data to determine the appraisal value, appropriate purchase price, detailed estimates of potential renovation, acquisition and holding costs, and potential sales or rental price for anticipated profitability. Again, any property purchased 35% to 45% below market value of the target communities, will provide sufficient differential to achieve our 100% return on investment in a 2-3 month period.
Project ID: 2120442

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Remote project
Active 12 yrs ago

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Member since Nov 22, 2009

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368877 Business Plan For Real Estate
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