Do you have a business plan? Before I got started investing in real estate I wrote out a basic business plan template to help me see my goals, my processes, and systems I wanted to set up in my rental property business. It helped me acquire 3 rental properties (single family, 3 unit, and 5 unit) by the age of 24, bringing in almost 6 figures in rental income. I'm a big fan of planning out your business strategy and setting goals.
Business Plan Guide: Real Estate Deal Analysis Spreadsheet: Net Worth Worksheet to Download:
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My name is Nick Foy and I got started investing in real estate in college at age 20. My first property was a 4 bed/2 bath rental which then helped me afford my next property, a 3 unit apartment building at age 22. I added my third property at age 24, a five unit apartment building, bringing my total monthly income to over $5,000+ from the 9 tenants. These 9 rental property tenants help me generate close to $90,000 annually in gross rents.
I give away 98% of my content for free. This free real estate coaching is perfect for beginners, Millennials, teenagers, and anyone wanting to learn more about how to build wealth through real estate investing. Get all my free lessons and tips by watching my YouTube videos, joining my email newsletter, reading my blog posts, and listening to podcasts.
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By: Realtor Nick Foy Title: Real Estate Investing Business Plan for Beginners (Free Checklist) Sourced From: www.youtube.com/watch?v=AdAQnkKvIrU
