The Need For A Business Plan & Exit Strategy
I'm ready to submit an article on the need for 'short salers' to have an articulated business plan with an Exit Strategy... but I don't want to be redundant. I checked the archives, but haven't located any such article.
Can anyone recall reading such an article on TCI?
Thanks.
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I don't recall such an article and look forward to yours. Thanks!
I'm ready to read your article! I've got a forclosure I'm looking at going to courthouse auction on Friday (tomorrow). I would have liked to know what to do before it goes to the vultures. We have a 10 day upset period in NC. It is a long process bidding at the coourthouse usually only the strong survive. "Rural Initiatvive" opening bid is $24k on a house worth $65-80.
Thanks,
Doug
"I would have liked to know what to do before it goes to the vultures"
That's why you need a business plan. So that you'll know what it is that you are going to do, and what to do with it once it gets you, er, I mean, once you get it.
You've probably got the plan in your head. Just start writing it in an organized manner. Sometimes, if you down what you want to do, and think about what you've written, you'll notice that there are big gaps that you'll have to figure out.
The act of wrting out a business plan will help you to ask questions of yourself, and the plan, and organize what you need to do.
Don't wait for the article.... just sit down and start writing.
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