Sure, when it comes to real estate investing, the idea is that you get money into your pocket sooner rather than later. However, when formulating your business plan, you should be thinking long-term profits. That may mean setting up deals for the future and having a solid real estate investing business plan that ensures another group of deals soon.
Entries from May 2007 ↓
Real Estate Investing Tip #2. Emphasis on Short-term Profits
May 19th, 2007 — Real Estate Investing
Real Estate Investing Tip #1. Lack of Constancy of Purpose
May 3rd, 2007 — William Deming
William Edwards Deming once said “A system is a network of interdependent components that work together to try to accomplish the aim of the system. A system must have an aim. Without an aim, there is no system. The aim of the system must be clear to everyone in the system. The aim must include plans for the future.” Without definitive plans, your real estate business has no system and you can hope for, at best, a haphazard approach to deals and profits – not exactly the best way to ensure future success.
