Building an investing business without a real estate investment business plan is sort of like riding a bike without handlebars.  You might be able to do it… but why would you?  It’s far easier and more practical to set out on your venture with a business plan that outlines things like your lead-flow, where you’ll find funding, and which market(s) you’ll operate.  Plus, according to Entrepreneur, having a business plan increases your chances of growth by 30%.  Download Now: Free marketing plan video and a downloadable guide So don’t skip this critical first step.  Here’s how to do it.  Real Estate Investment Business Plan Guide In this article we’re going to discuss: What is a real estate investment business plan? How to create your real estate investment business plan Create your mission and vision Run market analysis Choose your business model(s) Determine your business goals Find funding / Cash buyers Identify lead-flow source Gather property analysis information Create your brand Set growth milestones Plan to Delegate Conclusion What is a Real Estate Investment Business Plan and Why Does it Matter? A real estate investment business plan is a document that outlines your goals, your vision, and your plan for growing the business.  It should detail the real estate business model you’re going to pursue, your chosen method for lead-gen, how you’ll find funding, and how you plan to close deals.  The kit and caboodle.  BUT… It shouldn’t be overly complicated.  Whether this real estate investment business plan is only for your personal use or to present to someone else, simplicity is best. Be thorough, be clear, but don’t over-explain what you’re going to do.  As far as why you should have a business plan, consider that it gives you a 30% better chance of growing your business.  Also, consider that setting out without a plan would be like — full of unexpected twists and turns — is that something you want to do?  Probably not.  It’s worth taking a few days or weeks to put together a business plan, even if it’s just for your own sake. By the time you’re complete, you’ll have greater confidence in the business you’re setting out to build.  And an entrepreneur’s confidence is everything.  How to Create Your Real Estate Investment Business Plan Now we get into the nitty-gritty.  How do you create your real estate investment business plan? Here are the 10 steps! 1. Create Your Mission & Vision This can be considered your “summary” section. You might not think that you need a mission statement or vision for your real estate business.  And you don’t.  We know a lot of real estate investors (many of our members, in fact) don’t have a clear mission or vision that they’ve outlined — and they’re successful regardless.  But if you’re just getting started… Then we think it’s a worthwhile use of your time.  Because if you don’t know why you’re going to build your real estate investing business, if you don’t see what purpose it serves on a personal and professional level, then it’s not going to be very exciting to you.  You can either use this time to create a mission for your business… or a mission statement for you as it relates to growing your business (depending on your goals). For instance… Our mission is to create affordable house opportunities in the Roseburg, Oregon community.  Our mission is to provide homeowners with an exceptional experience when selling their properties for cash.  Or you could go a more personal route… My mission is to create a business that supports my family.  My mission is to build … Continued