A preview of " Fitting the Pieces Together Workshop.
In this slide you will :
* Discover the Secrets of Investing successfully in today\'s market.
* Learn Strategies to take advantage of the markt, pricing and funding options
*Understand your objectives and build a plan for future investing success
*Keys to removing your concerns or fears blocking you from building wealth now
* Understanding the role of Risk vs Reward in Real Estate Investing
*Invest in Real Estate with accuracy and profitability
*Get answers to your questions that make sense today and in the future
2. Thank You Special thanks to Alan Rivera and Irina Higgs for allowing us to use their property. The property is for rent for just $750 per month. If you, or someone you know may be interested, please see me for details.
11. Most people spend their time and money developing the left half of the KASH box. Most business failures are due to the right half of the KASH box. KASH
19. The commitment to not only creating a sound strategic plan, but to its full implementation must be made at the beginning of the planning process.
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21. A business plan is a written document describing the nature of the business, the sales and marketing strategy, and the financial background.
22. A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals.
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24. The Executive Summary 1.0 Executive Summary Brief but comprehensive synopsis of a business plan or an investment proposal,which highlights its key points and is generally adapted for the external audience.
25. Remember the 5 “W”s Who, What, When, Where and Why! Who? Are you going to have partners? If, so make sure you have a description of who is going to what in writing and have each partner sign it. No Confusion. What? SFH, Condos, Townhouses, Commercial, Industrial, Duplexes, Four Plexes, etc. Where? Are you going to put all your eggs in one basket, Las Vegas, or do you have a bigger picture? When? When are you going to spring into action and make it come true? How? How are you going to achieve it?
34. Many OthersENTITY STRUCTURING 2.0 Organization of Your Company. Have a meeting with your Attorney or CPA for advice on how to set up and which entity is right for you.
35. START UP CAPITAL 3.0 SHOW ME THE MONEY! Organization of entity and fees Purchase of supplies and equipment (paper, computer, printer, etc) Purchase of property Cost of repairs Purchase of appliances if needed Purchase Marketing Material Insurance Business Cards Closing cost Misc How much money is required to begin? Where will the money come from? Loan Borrow Hock Partnership
37. Goals & Objectives goals objectives Definition:Objectives are clear, realistic, specific, measurable, and time-limited, statements of action which when completed will move towards goal achievement. Objectives tell how to meet a goal. Generally, there are two types of objectives: Outcome Objectives- address ends to be obtained Process Objectives- specify the means to achieve the outcome objectives (some sources call these “action” objectives,some call them activities to accomplish) Definition:Goals describe future expected outcomes, and provide programmatic direction. They focus on ends rather than means. Example 1:Will have purchased First property end of 2nd Quarter. Example 2:Will have it rehabbed and rented by April 30, 2011
38. Are You on Track? Total Amount Needed for Retirement
39. Information obtained from sources other than Broker that are deemed accurate, but have not been verified by Broker Information is subject to change. All interested persons should seek independent legal counsel and or tax advise. Short Sale vs. Foreclosure What you need to know!