2007 Real Estate Goals

For 2007 our goal is to purchase 4 single family homes with at least $20K profit potential and sell at least 2 of the properties we own.

To break that down into details:

1. Find sources of funding of at least $500K (VP Finance)
   • develop relationship with a loan broker
   • get a source of hard money financing
   • develop some sources of private money funding - goal $50K
   • Use seller finance and "subject to" when possible
2. Create a source of motivated sellers (VP Marketing)
   • work with Realtors to find old listings, fixer uppers, desperate sellers
   • direct mail 50 letters per week to people filed in lis pendens (pre-foreclosures)
   • direct mail 100 postcards to absentee owners per week
   • put up 20 bandit signs each weekend 
   • set up website (www.JinnaProperties.com)
   • hand out 10 business cards per week 
   • setup voicemail system
3. Make 3 purchase offers per month (VP Marketing)
   • call all contacts from advertising
   • look at 10 properties per month (use Realtors if not enough from ads)
4. Start to put systems in place per the Strategy (President)
   • Write preliminary Operations Manual
   • Define Position Contracts
   • Put Accounting and Client Management Software into place (VP Finance)
5. Continue real estate education (VP Construction)
   • take rehab course to learn how to reduce cost and improve efficiency of rehabs