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An All-Encompassing Guide to Real Estate Business Plan (Best Templates Included)
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An All-Encompassing Guide to Real Estate Business Plan (Best Templates Included)

The US Census Bureau recorded a sale of 5.64 million existing homes in 2020. This number is anticipated to rise up to 6.49 million in 2021. Although the real estate market is flourishing day by day, starting a business in this niche isn’t for the fainthearted. While other industries require a dozen call-outs of leads, this industry calls out to close as little as five deals in your first year (if you are lucky, of course!).   Hence, the adage of “3 out of 4 realtors fail in their first five years of business” haunts this industry. Nonetheless, those who take it with a grain of salt can make up to seven figures in a row.     via GIPHY   Thus, this blog will explain the foundation for thriving as a realtor: a real estate business plan, the importance of developing it, how to design one for yourself, and most importantly, where to begin. What’s more, you can move between sections by clicking the links below!    Let us get started. Shall we?    Real Estate Business Plan: A Primer  How to Make a Real Estate Business Plan Step-by-Step  PowerPoint Templates to Jumpstart your Real Estate Business Add an Extra Punch with Document Reports Plan for Success with One-Pagers     A real estate business plan serves as a living document that lists business operations and objectives. It includes your future plans to help your business succeed. While a plan varies from one investor to the other, it basically presents an outline for the next one to five years. Drafting a real estate business plan is, thus, the single most important step an investor can take to skyrocket their venture.    Having an REI plan can also help you avoid potential risks, thereby increasing your chance of success and excellence.  Because remember “Real estate provides the highest returns, the greatest values, and the least risk.” – Armstrong Williams, American political commentator, entrepreneur, author.  ↓Pique your prospects' interest with this real estate business plan presentation   Advantages of a real estate business plan    The real estate market experiences a lot of fluctuations that can be competently managed by a business plan. Both novices and pros can apply its principles to propel their business forward. These are a few of the extra benefits offered by real estate business plans over other methods.    1. Determines and dispels information on the...

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