9 min
Ep 103 - 48 Unit - Creating The Business Plan Freedom Through Passive Income
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- Investing
Whenever we can teach you something that actually aligns with a case study, meaning we're working on it, right this second for a property, we're going to do that. So that's what today's episode is about. How we drafted the initial business plan for the 48 unit deal we are slated to close on next month.
Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lending
Download your Freedom # worksheet here: www.freedomcapitalinvestments.com/worksheet
Click on the Social Media links below and listen in on our Private Group Conversations about how to achieve Financial Freedom through a consistent pipeline of passive income investments:
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
—————————————————————————
This is just a draft, but we included the underwriting projections so we can say, this is what we said we're gonna do. Then when it's all done, we’ll see how we did. Ultimately we want to hold ourselves accountable and see how good or how bad we did. That way we can learn lessons based on if we didn't hit some benchmarks.
1. How many units we can rehab in a month
2. Whether or not to replace the HVAC and water heaters right away or wait
3. Unit status summary, how many are occupied, vacant, in eviction, up for renewal etc.
It's all going to be fluid. It's a live document, changes will be made as the deal progresses. But at least we put the thought in beforehand, that's really what the business plan is about. It's that you took time to be strategic about your plan in order to renovate, increase rents, do all the forced appreciation items that you want to do in order to bring the income up and bring the expenses down.
Our private Facebook group gives you access to where you can start building a direct relationship with us, we’d love to get to know you. 30 days later you may be invited into our Deal Room. The Deal Room is our private room where we share exclusive 506B opportunities because now you are our “Buddy.”
Join our groups on Facebook and LinkedIn.
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
www.FreedomCapitalInvestments.com
Invest Smart. Live Happy.
—————————————————————————
Connect with us here:
FB personal pages
https://www.facebook.com/Flipster
https://www.facebook.com/dani.lynn.robison
LinkedIn personal pages
https://www.linkedin.com/in/fliprobison
https://www.linkedin.com/in/danilynnrobison
Instagram personal pages
https://www.instagram.com/fliprobison
https://www.instagram.com/danilynn23
TikTok personal pages
https://www.tiktok.com/@danilynnrobison
https://www.tiktok.com/@fliprobison
Whenever we can teach you something that actually aligns with a case study, meaning we're working on it, right this second for a property, we're going to do that. So that's what today's episode is about. How we drafted the initial business plan for the 48 unit deal we are slated to close on next month.
Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lending
Download your Freedom # worksheet here: www.freedomcapitalinvestments.com/worksheet
Click on the Social Media links below and listen in on our Private Group Conversations about how to achieve Financial Freedom through a consistent pipeline of passive income investments:
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
—————————————————————————
This is just a draft, but we included the underwriting projections so we can say, this is what we said we're gonna do. Then when it's all done, we’ll see how we did. Ultimately we want to hold ourselves accountable and see how good or how bad we did. That way we can learn lessons based on if we didn't hit some benchmarks.
1. How many units we can rehab in a month
2. Whether or not to replace the HVAC and water heaters right away or wait
3. Unit status summary, how many are occupied, vacant, in eviction, up for renewal etc.
It's all going to be fluid. It's a live document, changes will be made as the deal progresses. But at least we put the thought in beforehand, that's really what the business plan is about. It's that you took time to be strategic about your plan in order to renovate, increase rents, do all the forced appreciation items that you want to do in order to bring the income up and bring the expenses down.
Our private Facebook group gives you access to where you can start building a direct relationship with us, we’d love to get to know you. 30 days later you may be invited into our Deal Room. The Deal Room is our private room where we share exclusive 506B opportunities because now you are our “Buddy.”
Join our groups on Facebook and LinkedIn.
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
www.FreedomCapitalInvestments.com
Invest Smart. Live Happy.
—————————————————————————
Connect with us here:
FB personal pages
https://www.facebook.com/Flipster
https://www.facebook.com/dani.lynn.robison
LinkedIn personal pages
https://www.linkedin.com/in/fliprobison
https://www.linkedin.com/in/danilynnrobison
Instagram personal pages
https://www.instagram.com/fliprobison
https://www.instagram.com/danilynn23
TikTok personal pages
https://www.tiktok.com/@danilynnrobison
https://www.tiktok.com/@fliprobison
9 min