Sample Real Estate Development Business Plan

Sample Real Estate Development Business Plan-2
Below is a detailed summary of the Construction Budget: Steve Rogers personally knows the contractor, Ben Nelson, of Ben Nelson Construction, and has painted many houses for the contractor over the past 15 years. Nelson has approved the budget and believes that barring weather conditions, the project should be completed on schedule with minimal cost overruns.The contractor is reputable and is well known in the community for its integrity, finishing projects on time, and its quality of workmanship. The estimated time to complete the renovation and rehabilitation is one month. has located an approved tenant for the property as well.

Below is a detailed summary of the Construction Budget: Steve Rogers personally knows the contractor, Ben Nelson, of Ben Nelson Construction, and has painted many houses for the contractor over the past 15 years. Nelson has approved the budget and believes that barring weather conditions, the project should be completed on schedule with minimal cost overruns.The contractor is reputable and is well known in the community for its integrity, finishing projects on time, and its quality of workmanship. The estimated time to complete the renovation and rehabilitation is one month. has located an approved tenant for the property as well.At Real Estate Ventures, Inc., the owners are extremely devoted to their business and their commitment to the long term can be seen in their extreme dedication to both their properties and their meticulous selection process of finding long term tenants. Steve and Linda Rogers are lifelong residents of Franklin, Tennessee.

is a newly formed S-Corporation wholly owned by Steve and Linda Rogers for purposes of purchasing and owing income producing real estate. fills the void in the local Franklin, Tennessee rental housing market by providing clean, well cared for rental homes to well qualified tenants.

Neither the homes nor the ten\ants are chosen on a hasty basis, but rather on purposeful, planned and methodical basis.

One of the largest mistakes made by new real estate investors is in poor property selection. is fully committed to make its rental property business a long term success with future plans for expansion.

Even worse is their tenant selection process, often with little or no background and credit checks. It is this dedication and drive which will set them apart from their local peers. believes are its keys to success: Real Estate Ventures, Inc., (“Real Estate Ventures, Inc.”), is a newly formed S-Corporation formed for purposes of managing the underlying real estate located in Franklin, Tennessee, a principal city in the Nashville Metropolitan Statistical Area (“MSA”). is jointly owned by Steve and Linda Rogers, husband and wife.

Rents per square foot range from a high of $1.11 to a low of $0.83 per square foot (“PSF”).

The average market rent PSF in the Franklin market is

The average market rent PSF in the Franklin market is $1.01.

In addition to their outside revenue, the Rogers received a $100,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is $107,500. It is estimated the repairs will take one month to complete at a cost of approximately $10,000. are requesting a $53,750 commercial real estate loan to purchase the investment property.

The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.

The property is located in the Franklin City Elementary School District.

The property is clean and well maintained by the original owner.

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The average market rent PSF in the Franklin market is $1.01.In addition to their outside revenue, the Rogers received a $100,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is $107,500. It is estimated the repairs will take one month to complete at a cost of approximately $10,000. are requesting a $53,750 commercial real estate loan to purchase the investment property.The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.The property is located in the Franklin City Elementary School District.The property is clean and well maintained by the original owner.According to the University Of Tennessee’s 2012 Economic Outlook, Williamson County is one of the fastest growing counties in the state, expanding by 44.7% over the prior year.Health Spring, Community Health Systems, Healthways, Home Instead Senior Care, Med Solutions Inc, Magazines.com, the Provident Music Group, Renal Advantage Inc, World Christian Broadcasting and Nissan's North American headquarters are based in Franklin.Linda Rogers, a graduate of Middle Tennessee State University, is a math teacher at Franklin Elementary School. have been interested in finding a means to supplement their income.When Linda’s mother passed away earlier this year, the couple received approximately $100,000 in inheritance and they decided to use this windfall to purchase and manage investment income properties.A teacher and acquaintance at Linda’s school has requested to occupy the unit.The single mother of two recently divorced and is currently living with a relative. extensively researched the local market and found it met their key criterion.

.01.

In addition to their outside revenue, the Rogers received a 0,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is 7,500. It is estimated the repairs will take one month to complete at a cost of approximately ,000. are requesting a ,750 commercial real estate loan to purchase the investment property.

The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.

The property is located in the Franklin City Elementary School District.

The property is clean and well maintained by the original owner.

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