Property Investment Business Plan: After weeks of intense challenges, sleepless nights, and property pitches, it's down to the final two in my property reality show! This is the epic finale of The Eviction 2024, where the last candidates face their toughest test yet: delivering the perfect property investment business plan!
If you are looking to write a property investment business plan, this episode is a must-watch! You can see the final episode on YouTube or at the top of this page!
When people get into property, they often need to write a property investment business plan. This might be simply to get things clear in their own minds, or it might be for potential investors. If you haven’t written a business plan before, this can be a daunting task. In this article, I will give you 3 powerful tips for writing your own property investment business plan!
I want this advice to get to the people that need it, but I need your help to do it. If you find this article helpful, please consider sharing it on social media.
1. Property Investment Business Plan: Remember Your Audience
Much like writing a CV, your business plan should be tailored to your intended audience. A plan written to get your own thoughts together will be different to a property investment business plan written to secure investment.
Even when writing a property investment business plan for an investor, there will be differences depending on whom the investor is. Trying to secure investment from a friend or family member is different from securing investment from an outside source, for example.
Focus on what your investor wants out of the business, not what you want. Does the investor want to pull their investment out of the business quickly? Are they more focused on the long term valuation of the business? Write with their end goals in mind.
2. Property Investment Business Plan: Avoid Buzzwords
It can be tempting to use corporate buzzwords in your property investment business plan. But, particularly with entrepreneurially minded investors, buzzwords are off-putting. It is better to simply say what you mean in plain, direct language. Be formal and clear, use precise terminology when talking about finances, but avoid the often meaningless corporate speak.
Often you will find that you are not able to define what buzzwords even mean! It is much better to say what you really mean, which will allow your investor to more accurately assess the investment opportunity on the table.
3. Property Investment Business Plan: Double-Check Your Figures
If you are writing a property investment business plan for the first time, understanding your numbers is critical. There are often expenses and overheads that it is easy for a beginner to overlook. Have you calculated taxes correctly? Will your business need to be VAT registered? Have you deducted your own salary? If you miss anything out, it could be the difference between the business being viable or failing. Take your time and ask for help if you need it.
Getting the figures right and understanding them is an important part of getting an investor to trust you. Make sure you haven’t overlooked anything, as even slight errors can put off an investor.
Property Investment Business Plan: Get Trained
Another thing investors will be considering when reading your property investment business plan is, can you execute the plan! Having training will help with this. Join me at my next £1 training event!
On the course, you will learn how to:
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Become a property investor using other people’s money so that you can get started straight away
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Utilise the 5 different types of raised finance so that you know exactly what to offer and when
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Find the perfect properties for the BRRR strategy
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Recycle your money so that you can ‘rinse and repeat’
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Build a power team you can trust, so that you can save time and money
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And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
