Are you a real estate broker who is having a hard time getting the necessary funds for your business? Or you are
an aspiring real estate broker wondering how you can get the funds to kick-start your business. If that is the case then read on as this article show you how to go about getting the funds you need to run your company using a business model.
1. To raise the funds you need for your real estate company, you need to come up with a BUSINESS STRUCTURE and get it REGISTERED. That is, you need to decide whether to register your company as a limited liability company
or as a sole trader or a corporation. With this business structure in place, prospective buyers or investors will see
that you are serious about the business and they will be confident in your service – be it buying or selling real estate or buying and putting the property up for rent.
2. Build your BUSINESS MODEL exactly the way you want or plan to run your Investment company. When you are able to construct a well articulate business model, it will enable you to calculate and figure out the exact amount needed to fund your business. How to do this you might be wondering, you can start by identifying real estate properties that would be a good business opportunity, that way you can know what your financial strength will be. Also, it will enable you to easily raise the much needed capital to fund your business by presenting a detailed
analysis of the proposed investment to investors.
3. Draft a BUSINESS PLAN and INVESTOR AGREEMENT contract. What you need to do here is get a lawyer to draft a mutual agreement for both you and your investor. Mutual, because both parties (you and the investors) have satisfy with the business model as well as the terms and conditions of the agreement before commencing on the business. While at it, have a business plan written either by a business consultant or you can compile one by yourself.
Your business plan should touch crucial areas like, ways to raise your funds, how you intend to invest the funds, how to properly manage whatever property you may acquire and the profit margins you are expected to make at a specific period of time. Potential investors will want to see all those details before bringing out their check books and making commitment.
4. MARKETING PLANS for your real estate company. Start by advertising your investment opportunities to target audiences through social media channels and local media outlets. Print flyers and brochures and directly approach
individuals and distribute to them. Ensure that pictures of available properties on sale or for rent are displayed on it along with your contact information. Attend elites parties and events and other activities and market your real
estate investment opportunities to potential clients. Hand out your business cards and in return get contact of
clients that you know showed interest in what you are offering.
Author Bio:
Ikoi Abode Ikenna is a seasoned blogger and online entrepreneur.
He blogs at www.abodebusinessonline.com | www.naijasphere.com
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