Business Plans-Programs

Hey guys,

I have hit a brick wall with conventional financing and I need to move my business to the next level; I am looking to put together a business plan to bring to private investors and local banks for more financing or a working line of credit. Has anyone used the Steve Cook business plan program or real estate investing business plan @ businessplanning-4-you? Or do you have any other programs that have work for REI financing?

Comments(5)

  • BaileMan15th April, 2005

    What are you intending to do? Are you planning on acquisition and retention of property? or are you intending on flipping?

  • dawsonrealestate15th April, 2005

    I buy rehab and hold 2-4 unit buildings.

  • dawsonrealestate15th April, 2005

    Thanks, I have decided not to go with a hard money lender right now do to the fact that he wants 15% interest only payments until I pay if off, 15%, one year,on 200K is over 2k per month. That is why I am trying to turn to a smaller bank that is a portfolio lender and get a working line of credit. That is why I need a business plan to show them where I am going and why they need to do business with me. But I have also just found a great broker the has a ton of creative financing, 80%arv and 85-15-seller carry back to just name a few. We are trying to work out a deal right now, if she can pull through I have 3 more waiting to be funded. But I am still going to build a realationship with a small bank. It is the perfect way to get into a building rehab it refi it pull half equity out and hold it for long term, all at 100%. I love this business.

  • BaileMan15th April, 2005

    Sounds good Dawson! good luck...

    and heck yeah... this business is great!

  • dawsonrealestate19th April, 2005

    What can I answer for you?

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