Prudent Wolf

May 15, 2023

business plan

Why Creating a Business Plan is Critical for Real Estate Investors

Articulating goals, laying out a roadmap to achieve them and evaluating progress along the way proves essential to success and sustainability. A well-crafted business plan provides this strategic framework, guiding key decisions, allocating resources effectively and anticipating potential obstacles or opportunities. Like any business, real estate investing benefits from purpose and planning rather than constantly …

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small town rentals

How to Make Big Money in Small Town Rentals

focusing on smaller rural communities and small towns provides opportunities to profit from underserved, tighter markets, overlooked properties and attracting higher-income tenants fleeing more expensive, congested locations. Despite smaller scale and limited local competition, money gets made through targeting value-add properties, improving and upgrading units/builds to charge a premium, developing rental guarantees and filling a …

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