Accelerated Real Estate Investor 321: Lack of a Business Plan: Operational Risks to Your Business #1
Creating a 7 or 8-figure portfolio in multifamily real estate isn't easy. If it was, everyone would be doing it.
If you want to stabilize your assets, ensure constant cash flow, and not be at risk of losing properties, there are certain things you need to do to make your investment strategy pay off for years to come. Especially in today’s market with the cost of debt skyrocketing and interest rates pushing over 7%.
In my new series titled, Operational Risks to Your Business, I want to share with you some of the hard lessons I’ve learned from my own business, as well as from my friends and clients. I’m going to talk about seven things you need to have under control to achieve your investing goals.
In this first episode, we’re going to talk about business plans. You’ll learn about the three general business plans for multifamily properties, how to employ them, and why having a solid plan in place is critical to your long-term success.
Key Takeaways with Josh Cantwell
- The difference between quick flip plays, refi and roll plays, and cash flow out the door plays.
- Why some business plans won’t help you make the right move at any given time.
- How to do your due diligence and make sure that your business plan is in line with what’s possible, what your partners want, and what you want.
- What can go wrong when you lack a business plan–and why a failure to plan, especially in tough economic times, almost always results in selling at a loss.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/321
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