In order to get to that simplicity though, you might need to do some seriously brain-straining thinking first.
It's not easy, but it is simple: your plan basically just needs to set out…
You could just use your £10m to buy properties, anywhere – you wouldn't need to maximise the rent, manage them well or even keep them all occupied at all times!
You'd be able to buy so much property that you really couldn't fail.
Often, people have nothing more than vague thoughts like “”.
Apartment Business Plan
It might feel like sitting around planning is just delaying you from getting out to look at properties and start making money.But take it from someone who’s spoken to a lot of investors over the last few years: almost everyone who achieves great success started out with a solid plan.(Or to put it another, more painful way: almost everyone who start with a plan ends up disappointed with where they end up – however much effort, money and time they put in.) So…The same is true for “when” – and it's an often-ignored factor that actually cuts to the heart of the most basic of investment decisions.For example, take a choice between two properties: If your goal is to create a certain monthly income within three years, the Property 1 is likely to be a better choice.It certainly doesn't need to be 100 spiral-bound pages of projections and fancy charts.In fact, the best plan would be so simple that it fits on the back of an index card – meaning that you can commit it to memory and use it to drive every decision you make.It very much is a “bet” because you're taking something of a gamble on capital growth, but it's got a lot of time to happen – and when it does, your returns will dwarf the higher rental income you'd have made from the other property.That's just one example of why making even simple decisions in your property business are impossible without having that most basic ingredient of your plan: where you ultimately want to end up, and when.That's a great start, but for most people it'll produce an uncomfortable insight: the gap between where you are and where you want to be seems impossibly large!With the resources you've got now, how are you possibly going to reach your goal in a sensible period of time?