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When a big business is just beginning, even before the first “brick” is laid down, the first step entrepreneurs take is to write a plan. Why? First off, investors and banks are going to want to see it. But also, it gives the entrepreneur a chance to gather their thoughts and set a positive course of action. That’s exactly what every real estate investor should be doing too, yet unfortunately, it’s nearly the opposite as many of them don’t do this at all.
In fact, and this is one of the saddest realities of all, I’ve found that the vast majority of investors will spend more time planning their annual vacations then they do planning out their investment business.
Read on for all the details...
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