Real Estate Flipping Business Plan | PDF | RTF | Word
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A Real Estate Flipping Business plan is a must have for any entrepreneur or firm. The nature of this type of business requires a very large investment to be made and thus should be taken very seriously. In reality, it would be considered foolish to not have a business plan and lending institutions are not likely to take a firm, company, or individual very seriously if they cannot provide a competitive and professional plan for their house flipping ventures.
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How To Write
The basic components of a Real Estate Flipping Business Plan are; Executive Summary, Mission Statement, Description of Products and Services, Marketing Plan, and Finance. Regardless of whether one is a single agent or a company some form of these topics must appear in a Business.
The first two sections; Executive Summary and the Mission Statement are meant to act as an introduction. The Executive Summary will specifically introduce the reader to the business plan’s development and goals while the Mission Statement is meant to describe the basic philosophy and goals of the house flipping business. Both of these sections are meant to be broad and educational. General concepts will be explained fully in the following sections. For instance, stating that the goal of the company is to improve communities by attaining condemned housing and flipping them with a 15% profit, in the Mission Statement, will be supported by showing solid resources and numbers in the Marketing Plan and Finance sections.
Often house flippers cannot do everything themselves. The Products and Services section will describe what efforts and tasks they can perform and which need to be farmed out. For instance, where the materials come from and who will be used to make sure the wiring is operational and safe are both subjects that would be included in this section. This section should answer the questions of what precisely the company does and how does it go about achieving its final product.
The Marketing Plan will expand upon the previous section. This section should have accurate information and solid numbers about the marketing environment, the areas where the properties are located, the target clientele, how the flipper will reach the clients and grow the business in general, and several analysis ranging from SWOT to Environment. It is imperative for any successful flipper to be able to define a polished marketing plan based on reliable information.
The Finance Section will define the present and future finances of the house flipping company. It will contain all relevant information such as the financial resources of the flipper, business ratios, profits and losses, and budgeting spreadsheets. This is a very important section as it will serve as a statement of its current and projected resources and show the soundness of the Real Estate Flipping Business Plan being presented.
Finally, it is usually a good idea to include some additional documents. For instance a Table of Contents will increase the power in using this plan as a reference, a non-disclosure agreement would prevent investors from discussing one’s particular marketing plan with your competitors, and an appendix would be able to deliver the solid numbers to support the plan without bulking up the presentation itself. There are many important considerations which must be taken into account when developing a Real Estate Flipping Business Plan but in the long run the more realistic and accurate a plan is, the greater a chance of success exists for the flipper.
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