Real Estate Business Plan

If you’re looking to build a successful career in the dynamic world of real estate, a well-crafted business plan can be your ticket to success.  

In this guide, we will provide free real estate business plan templates, samples, as well as tips on how to create a business plan from scratch. Whether you’re an experienced real estate agent or just starting in the industry, our guide will walk you through the process of creating a successful real estate business plan that can help you stay organized, focused, and achieve your goals. 

We’ll cover everything from how to write a business plan for real estate to the best practices for creating a marketing plan that can help you grow your business. So whether you’re a real estate agent, broker, or agency, our guide has the information you need to create a comprehensive and effective real estate business plan to build your real estate business.

This real estate business plan sample is focused on the thriving real estate industry in Nashville, Tennessee.  We hope this sample provides you with a brief foundation for starting your own record label company.  Our record label business plan writers crafted this sample for your review.

 

Executive Summary

“RS4 Home Sale Ltd.” (herein also referred to as “RS4 Home Sale” and “the company”) was incorporated on April 10 , 2020 in the City of Nashville by Mr. Brian Carlston.  Nashville’s average sale price is half of that of Philadelphia’s or Texas’, thus making it substantially easier to enter the market or expand an existing real estate investment portfolio.  RS4 Home Sale is uniquely positioned in the market by focusing on distressed properties and motivated sellers.  The company often has properties purchased and resold without ever having to publicly list.

This highly unique market segmentation has brought about a multitude of opportunities to scale and welcome a massive list of investors to work with.  To date, RS4 Home Sale has focused on securing revenue through real estate commission via the sale and purchase of properties for clients.  With the rise of e-learning and online courses, Mr. Carlston seeks to establish an additional revenue stream via real estate education programs.

This business plan outlines the strategy to establish a real estate education segment of RS4 Home Sale Ltd., and turn students into educated, prepared and active investors who can independently select investment properties which suit their unique needs and investment profile.  

Mr. Brian Carlston brings nearly 20 years of experience as a licensed realtor in Nashville to this opportunity, in addition to 28 years of public broadcasting experience in live events and radio.  With great credibility and public recognition, Mr. Carlston is focused on creating two courses; a mini course to build excitement and qualify applicants, and a full course where serious applicants can validate their interests and learn about a variety of Nashville real estate investment opportunities.

Today, the company is seeking a $200K loan through the Tennessee Minority Business Development (MBDA) to support course development, marketing and operational cost.  A mini course will be completed first, and a full investment course is anticipated to take 6 months to complete. Not only will the company benefit from the sale of online education and brand development, but there will be a flow of investors interested in buying and selling properties with the assistance of RS4 Home Sale.  This vertically integrated business model will be founded with a fully-compliant and integrity driven approach, ensuring that all students, clients and referral partners are treated with honesty and full transparency. 

Mr. Carlston brings the best of both worlds, maximizing his local presence through digital platforms including YouTube, Instagram and Web, while growing meaningful and bilateral relationships in the real-estate investment community.

 

Business Overview

RS4 Home Sale has two overarching revenue streams; commissions from real estate transactions, and real estate education.  To date, revenue has been generated through commissions via real estate transactions.  By establishing a small, condensed “Mini Investor Course” and then leading the audience to investing in a comprehensive, “Full Investor Course”, the company will capitalize on a growing pool of real estate investors interested in working with RS4 Home Sale. The following graph showcases the flow of leads from starting with the Mini Investor Course, to graduating to the Full Investor Course, to taking the step to investing in their own investment property and finally working with RS4 Home Sale on an ongoing basis.

 

Mission Statement

Our mission is to simplify real estate for motivated sellers and investors.

 

Vision Statement 

Our vision is to become the leading real estate solution for investors in the USA, consistently connecting top investors with qualified properties.

 

Goals and Objectives

The company has the following goals and objectives:

• Securing financing to support the proceeding goals
• Building out the Mini Investor Course and the Full Investor Course
• Training and servicing agents across USA 
• Implementing marketing across USA to identify deals which are beneficial to investors
• Gaining lists of qualified investors in each market, after they have gone through education
• Selling the courses to each market in USA 

 

Market Analysis

The following market analysis reviews recent performance in the Nashville real estate markets; market trends, government regulations and a competitive analysis.

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties. At the same time, sales activity slowed down compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as detached homes only comprised 47 percent of all sales.

Higher lending rates are causing many buyers to seek out lower-priced products in our market. However, the higher rates are likely also preventing move-up activity in the market impacting supply growth for lower-priced homes. This is causing differing conditions in the housing market based on price range.

With 2,451 units available in inventory, levels remain 43 percent lower than long-term trends for the month. While overall inventory levels are slightly lower than last January, there is significant variation by price range. Homes priced under $500,000 reported year-over-year inventory declines of nearly 30 percent while inventory levels improved for homes prices above that level.

Although conditions are not as tight as last year, lower supply levels are preventing a significant shift toward balanced conditions and prices trended upwards slightly over last month breaking the seven consecutive month slide. As of January, the benchmark price reached $520,900, five percent higher than last January, but still well below the May 2022 high of $546,000.

 

Market Trends 

Downward pressure on pricing at the present moment 

Home prices to remain strong despite expected sales drop. Sales are forecast to drop in 2023 but prices should remain strong due to the lack of inventory and high interprovincial migration numbers to Nashville.

Nashville’s detached market finished with a benchmark of $619,600, down four per cent from its high in June, but still up 14 per cent overall.

Semi-detached and row housing markets remained strong. Semi-detached sales declined by about three per cent in December but benchmark prices were up 12 per cent. A record 5,163 row house units were sold last year, doubling long-term trends. Low inventory levels are expected to keep prices high in these segments in 2023.

Apartment sales continued to soar throughout the year with a 50 per cent increase in sales to 6,221 units and an annual price gain of nearly nine per cent, though still below the record set in 2014.

 

Housing shortage – stable and growing market in Nashville

Nashville’s housing market is suffering a supply deficit in the non-market (affordable housing) sector. Since 2011, the average increase in new affordable housing units is 308 units per year.  However, to keep up to demand, Nashville needs 2,000-2,500 new units per year.

Net migration to USA

Just over 1.3 million new immigrants settled permanently in the USA from 2016 to 2021, the highest number of recent immigrants recorded in an American census.

To ensure USA has the workers it needs to fill critical labour market gaps and support a strong economy into the future, the 2022–2024 Immigration Levels Plan aims to continue welcoming immigrants at a rate of about 1% of USA’s population, including 431,645 permanent residents in 2022, 447,055 in 2023, and 451,000 in 2024. This plan builds on the previous levels plan, with an increased focus on supporting our economic resurgence and post-pandemic growth.

 

Government Regulations

The following government regulations are applicable to RS4 Home Sale Ltd., and Mr. Brian Carlston as a licensed real estate agent.

Nashville Real Estate License

The Real Estate Council of Nashville is the independent governing authority that sets, regulates, and enforces standards for residential real estate, commercial real estate, property management, condominium management, and mortgage brokerage licensees in Nashville.

Nashville is one of the few North American jurisdictions where real estate sectors are fully self-regulated. Self regulation is a privilege granted in the public interest and for the public good. RECA acts in the public interest to promote and protect consumer interests, support competition in real estate services, and promote market integrity. RECA’s regulatory activities define standards, investigate complaints, and enforce rules. These activities are focused on ensuring Nashvillens feel empowered to participate with confidence in real estate transactions and that Nashvillens are working with trusted real estate professionals. The actions of licensees have the potential to affect not only the clients they represent, but Nashvillens overall. At the same time, decisions and actions by RECA have the potential to impact Nashvillen’s view of the real estate industry and the role and responsibilities of licensees. RECA’s focus, in partnership with industry, is to achieve positive outcomes for Nashville consumers.

 

The Personal Information Protection and Electronic Documents Act

Organizations covered by PIPEDA must generally obtain an individual’s consent when they collect, use or disclose that individual’s personal information. 

People have the right to access their personal information held by an organization. They also have the right to challenge its accuracy. Personal information can only be used for the purposes for which it was collected. If an organization is going to use it for another purpose, they must obtain consent again. Personal information must be protected by appropriate safeguards. PIPEDA applies to private-sector organizations across the USA that collect, use or disclose personal information in the course of a commercial activity. The law defines a commercial activity as any particular transaction, act, or conduct, or any regular course of conduct that is of a commercial character. All businesses that operate in the USA and handle personal information that crosses provincial or national borders in the course of commercial activities are subject to PIPEDA, regardless of the City or territory in which they are based.

 

Products and Services

RS4 Home Sale has two revenue streams; real estate services and real estate course education.

Real Estate Services

The company provides real estate services to homeowners, sellers and primary real estate investors.  With a focus on distressed properties in the Greater Nashville Region, RS4 Home Sale has established a niche position within the local market.  Mr. Carlston aims to grow the company’s market share by establishing an additional revenue stream in paid real estate education courses.

 
Real Estate Education

The company has established a following of 1,500 real estate investors who have interest in further education from Mr. Brian Carlston.  Through a Mini Investor Course, and a Full Investor Course, real estate investors will gain access to RS4 Home Sale’s accumulation of 18 years in the real estate industry.  When the Full Investor Course is complete they will gain access to the company’s niche position in the market which often results in transactions which are never publicly listed on the MLS, resulting in faster transaction time and more competitive pricing.

 

Competitive Advantages 

RS4 Home Sale has the following competitive advantages that will drive its success in the real estate market:

Selling Options: The company offers sellers a choice of two options to meet their real estate needs – the ‘Quick Convenient Sale’ and the listing option. The ‘Quick Convenient Sale’ offers a guaranteed sale with the option to receive cash, providing sellers with certainty and enabling them to proceed with their next plans. The listing option gives sellers the benefit of maximum exposure for their property through market listing, potentially attracting higher offers and greater value for their asset. By providing flexibility for sellers to select the path that aligns with their unique needs and objectives, the company enhances its competitive advantage and differentiates itself from other real estate firms. 

 
Access to Non-Public Properties: The company’s unique approach to real estate transactions provides buyers access to properties that are not publicly listed on the MLS. This exclusive access provides buyers with a considerable advantage in the market as it enables them to evaluate properties that are not readily available to the general public. This affords buyers the ability to make informed purchasing decisions, enhancing their prospects of locating the ideal property that meets their requirements. By offering this exclusive access to non-public properties, the company is well-positioned to effectively match buyers with the right property which will enable a higher rate of sales closures.

 
Focus on Distressed Properties: The company’s primary focus on distressed, off-market properties enables it to acquire and offer properties at a more favorable cost. This focus results in a quicker and more convenient disposal process for sellers and a lucrative opportunity for buyers to acquire properties at a discounted price, creating a mutually beneficial situation for all parties involved.  This strategic approach distinguishes the company from its competitors and provides a valuable service to the real estate market, offering solutions for buyers and sellers in challenging real estate circumstances.

 

Key Success Factors

 
The success of RS4 Home Sale will be influenced by a range of internal factors, including:

Brand recognition: With 20 years of experience in the real estate industry, the company’s founder, Mr. Carlston, has established a highly regarded brand reputation. This recognition is further strengthened by his well-known presence as a radio personality, increasing the company’s visibility and reinforcing its brand recognition. A proven track record of success, including a history of satisfied clients and successful transactions also helps solidify the company’s reputation for delivering results and meeting customer expectations. This company’s brand recognition will greatly impact the company’s ability to attract and retain clients, making it a key factor for success. 

 
Strong network of agents and clients: The relationships that the company has built with its agents and clients over time have helped it establish a reputation for delivering high-quality services and achieving successful transactions. The company’s extensive network of agents provides a broad reach, enabling it to access a wide range of properties and clients, increasing its chances of closing successful deals. The strong relationships with clients also help the company retain business and generate repeat business, providing a stable source of income. This strong network is a critical success factor for the company as  it provides a reliable source of leads and referrals, that ultimately leads to increased sales.

 
Journey Focused Marketing: The company’s real estate education courses will be marketed through a carefully crafted funnel approach that focuses on the customer’s journey. The marketing strategy will begin with a free introductory course on YouTube, which will serve as a teaser and generate interest in the full program. From there, students will be directed to the Mini Investor Course, which will provide a more in-depth overview of the subject matter and further engage potential students. Finally, students will be encouraged to enroll in the Full Investor Course, which will offer a comprehensive education on real estate. This marketing approach will ensure maximum exposure and engagement for the company’s education offerings, leading to a high enrollment rate for the full program.

 
Diversified Revenue Streams: The diversified revenue streams of the company mitigate risk and promote consistent growth by providing a cushion against economic fluctuations in either real estate sales or course enrollment. This stability enables the company to sustain the business and capitalize on new opportunities, making diversification a crucial factor for its long-term stability and success.

 
Sales and Marketing Plan

The Sales and Marketing Plan outlines the methodologies and tactics that will be employed to effectively reach RS4 Home Sale’s target audience and accomplish sales objectives. It details the steps taken to promote the company’s services and educational offerings and the means of evaluating the success of these efforts. The plan also incorporates a comprehensive analysis of the company’s strengths, weaknesses, opportunities, and threats. Overall, the aim of this plan is to provide a clear, actionable guide for the sales and marketing team to follow, ensuring the success of RS4 Home Sale’s business operations.

 
Target Customers and Channels

RS4 Home Sale has identified the target markets for its business segments, including real estate brokerage and real estate education. The following section provides an overview of these target markets and the channels to be used by the company to effectively reach them.

 
Real Estate Investors

Real estate investors or ‘buyers’ are individuals and entities seeking to invest in real estate. These potential buyers consist of experienced real estate investors who aim to purchase properties at a value price, refurbish them and either resell for profit or hold as a steady income-generating asset. Additionally, there are also individuals looking for personal use properties, either for flipping or as a primary residence. Both segments of the target market are motivated by a desire for a wise investment that will provide long-term benefits, whether in the form of financial returns or personal gains.

The American real estate market presents a lucrative opportunity for real estate flipping. Although data specific to the USA is currently unavailable, industry reports from the United States suggest that house flippers can expect to generate substantial profits, with an average gross profit of 40.6%.  With the potential for substantial profits for real estate investors, and significant savings for individual buyers presents a promising opportunity for the company to attract and engage this market segment.

 
Real Estate Sellers

Real estate sellers are individuals or entities that are looking to sell their property. This can include homeowners looking to sell their primary residence, investors looking to divest their portfolio, or real estate developers looking to offload their holdings. These sellers may be motivated by a desire to move to a new location, to liquidate their assets, or simply to take advantage of favorable market conditions. Regardless of their motivations, they are seeking a reliable and efficient solution to sell their real estate assets.

Money Sense reports that the leading cause for selling a home is due to first-time home buyers outgrowing their ‘starter’ home, often due to the expansion of their family.   Data from 2018 shows that 9% of households in the USA (1.3 million out of 14.8 million) were first-time home buyers who purchased their first home in the past five years. The highest concentration of these buyers are in Nashville, with 12.1%.  Meanwhile, upgrading is the second driving factor behind the decision to sell a home, as households’ earning capacities increase. Data from 2015 to 2020 shows that the median after-tax household income in the USA grew by 9.8%, a substantial increase compared to the 4.5% growth rate experienced from 2010 to 2015.

With the number of first-time home buyers and households looking to upgrade, the demand for efficient and reliable solutions to sell real estate assets is likely to grow. This presents a significant opportunity for the company to meet the needs of this market segment by providing quality services and support throughout the selling process. 

 

Real Estate Education

Real Estate Investors

Real estate investors form a crucial part of the company’s target market for real estate education. This segment comprises individuals who are seeking to invest in real estate, either as a beginner or as an experienced investor looking to enhance their existing knowledge and skills. This market segment is diverse and can range from those who are just starting their journey in real estate investing to seasoned professionals who are looking to stay ahead of the curve and stay updated on the latest industry trends and best practices. The common thread that binds this market segment is the drive to succeed in real estate investing and the desire to continuously learn and grow in this field.

 

Key Channels

YouTube Channel

The RS4 Home Sale YouTube Channel has seen significant growth since its launch in 2021, with over 700 subscribers. The company plans to leverage this platform to connect with its target audience through a blend of educational and informative content. This includes showcasing its real estate education courses, providing valuable tips and insights for real estate investors and sellers, featuring client testimonials, and highlighting successful transactions. Through this content, the company aims to attract and engage potential clients while building trust and credibility with its target audience. By promoting its offerings and providing regular updates through the channel, the company seeks to grow its reach and increase engagement with its target market.

 

Website

Currently, the RS4 Home Sale website is designed to reach only the seller market segment. To broaden the website’s reach and engage with all target market segments, the company has devised a comprehensive strategy that includes the following components:

• Website Optimization: The website will be optimized to cater to the needs and interests of all its target markets, including buyers, sellers, and students who are interested in the company’s offerings. This will involve improving the user experience, making the site easily navigable and incorporating relevant and engaging content that appeals to these groups.
• Content Marketing: The company will create and publish relevant, valuable and engaging content, including articles, blog posts, infographics, and videos that educate and inform its target audience. This content will be optimized for search engines and will provide valuable information about the real estate market and the company’s services.
• Lead Generation: The company will use various lead generation techniques to capture the contact information of potential clients, such as forms and pop-ups that provide an offer in exchange for their information. This information will be used to create targeted campaigns that are designed to convert these leads into customers.

 

Search Engine Optimization

To effectively reach its target audience, RS4 Home Sales will implement a comprehensive search engine optimization (SEO) strategy. Given that 78% of real estate searches begin with a search engine, and 75% of this traffic is on Google, the company will aim to improve its online visibility through relevant keyword optimization, meta tagging, and high-quality content. This content will include informative blog posts and articles that provide valuable information to potential sellers, buyers and students, which can drive organic traffic to the company’s official website. Additionally, the company will engage in link-building activities to obtain backlinks from reputable real estate industry websites. This will enhance the company’s search engine ranking, resulting in increased visibility to the target market segment.

 

Social Media

The company’s social media strategy will be revamped to reach and engage its target market through an integrated approach that leverages Facebook, Instagram, Twitter, and LinkedIn. The goal of this strategy is to enhance brand awareness, generate leads, encourage repeat business, and drive sales. To accomplish this, the company will execute the following tactics:

• Content Development: The company will develop engaging content such as infographics, videos, and blog posts that educate and inform each of the market segments about the company’s offerings and services in real estate brokering and education. Examples of contents include market analysis, industry trends, and educational resources.
• Paid Advertising: The company will invest in paid advertising on social media platforms to increase the reach and visibility of the company’s content and brand. This includes sponsored posts, boosted posts, and display ads.
• Interaction and Engagement: The company will encourage interaction and engagement with the target audience by responding to comments and messages and by initiating conversations on relevant real estate topics. This will help build trust and establish a relationship between the company and the target audience.
• User-Generated Content: The company will encourage previous clients to share their experiences and results on social media, and re-share these posts on the company’s profiles to showcase the company’s expertise and successes. This will serve as a powerful tool for building credibility and trust that could drive word-of-mouth referrals and attract potential new clients.
• Analytics and Optimization: The company will continuously monitor the performance of the company’s social media presence through analytics tools and make optimizations as necessary to improve engagement and reach.

 

Real Estate Organizations

The company will leverage the resources and networks of real estate organizations to reach its target audience. Some identified organizations include the USA Real Estate Association, Nashville Real Estate Association  and the Nashville Real Estate Association.

These organizations have a large and established presence in the real estate industry and can provide valuable resources and opportunities for the company to reach and engage with potential clients. For example, the company could participate in events and initiatives hosted by these organizations, network with industry professionals, and access marketing and promotional opportunities. By leveraging the resources and networks of these organizations, the company can increase its visibility and exposure, establishing a strong and positive reputation in the industry and effectively reaching its target market.

 

SWOT Analysis

Strengths

• The founder’s extensive 18-year experience in the real estate industry
• Strong brand recognition and reputation in the local market
• Robust network of agents and clients
• Diversified income streams

Weaknesses

• Limited geographic presence outside of Nashville
• Operations limited to the current financial capacity of the company
• Lack of technology integration in the sales and marketing process

Opportunities

• Possibility of expansion into new geographical markets
• Opportunity to broaden course offerings and reach a wider and more diverse market
• Potential for partnerships and co-listing with other high-performing agents

Threats

• Economic fluctuations affecting the real estate market
• Changes in government regulations impacting the real estate industry
• Increased competition from new entrants in the market
• Changes in consumer preferences 

 

 

Operational Plan

Operationally, RS4 Home Sale has two components; real estate services and real estate education.

 

Real Estate Services

Key operational activities include:

• Respond to texts, emails, and phone calls
• Process real estate documents, agreements, and lease records
• Coordinate appointments, showings, open houses, and meetings
• Create and distribute flyers, newsletters, listings, and other promotional materials
• Create budgets for monthly, quarterly, and annual operations
• Develop marketing plans for listings
• Update client databases
• Research listings to develop comparative market analysis (CMA) reports
• Update websites and social media profiles

 

Real Estate Education

Key operational activities include:

• Develop course content in partnership with contractors
• Shoot videos and content for courses
• Receiving feedback from participants and making adjustment 
• Working with contractors to develop new material 
• Working with contractors to troubleshoot technical issues
• Working with contractors to digitally market the courses
• Coming up with new content for Version 2 and 3

 

Health & Safety

Nashville’s Occupational Health and Safety Act, Regulation and Code set minimum standards for health, safety and wellness in Nashville’s workplaces. Employers and workers need to know these rules. The OHS Code was recently amended by Nashville Regulation 202/2022 and will come into force March 31, 2023. The majority of operations are conducted remotely, and for all “on-site activities”, RS4 Home Sale personnel follow all health and safety requirements including the Nashville OHS Act.

 

Risk Analysis

Breach of Contract

Explanation: In the case of RS4 Home Sale, a breach of contract arises when the obligations outlined in the agreement between the company and the buyer are not met. For instance, failure to disclose a crucial aspect of a sale or providing an unclear concession statement from the seller of the property can result in legal action.

Mitigation: The company has a thorough review process which includes having a real estate attorney thoroughly review important legal documents. The company has a thorough review process which includes having a real estate attorney thoroughly review important legal documents. Furthermore, the company makes certain that clients have the opportunity to review the contract and voice any concerns they may have. If necessary, an error and omission insurance will be obtained.

Ethics Violations

Explanation: Ethics violations occur when a real estate practitioner breaches the code of ethics set by professional organizations, such as the American Real Estate Association (CREA). This can include failing to disclose agency relationships, acquiring an interest in property without disclosing their status as a real estate professional, not representing their client’s best interest, unauthorized access to private property, and engaging in actions that undermine the public’s trust and confidence in the real estate industry.

Mitigation Plan: The company abides by The REALTOR Code set by CREA and follows the principles of transparency, honesty, and integrity in all aspects of business dealings. This involves disclosing agency relationships, avoiding conflicts of interest, and maintaining high ethical standards in every transaction. By adhering to the set code, the company can ensure that the public confidence in the real estate industry remains intact, and that clients receive the professional and trustworthy services they expect.

Housing Market Volatility

Explanation: The housing market volatility can cause significant variations in the company’s business and income. The constantly changing market conditions can result in fluctuating home prices, changes in consumer sentiment and demand, and uncertainty in the overall real estate industry.

Mitigation Plan: The company will stay informed on current market conditions, follow key indicators, and monitor national and provincial employment reports. By staying updated on market trends the company can make informed decisions and minimize the risks posed by volatile market conditions.

 

Management Team

Mr. Brian Carlston

Founder and Director

Mr. Brian Carlston is a seasoned professional with an impressive 20-year track record in the real estate industry. He holds a real estate license in Nashville and has built a reputation for delivering quality services and closing successful transactions, with close to 200 properties transacted in his career. Since 2017, Mr. Carlston has focused on real estate investment and has successfully sourced, analyzed, and resold properties for clients, as well as for himself.

Prior to his career in real estate, Mr. Carlston spent 4 years as a full-time radio announcer and has over 28 years of broadcasting experience, including campus, community and commercial radio. He is highly regarded in the community and is regularly invited to speak at investment seminars in Nashville and has also been a live host for cultural festivals since 2010, including the Coca Cola Stage at the Nashville Stampede from 2014 to 2019. With a well-established reputation and extensive experience, Drew is a valuable asset to the real estate community and a driving force behind the success of RS4 Home Sale.

Mandate as Founder and Director

As Founder and Director of RS4 Home Sale, Mr. Carlston holds a mandate to lead the company in delivering top-notch real estate services and education to customers, while consistently improving the company’s operations and financial performance. His responsibilities include overseeing the day-to-day operations, managing the sales and marketing team, and developing and implementing strategies. Additionally, he plays a critical role in building and maintaining strong relationships with clients and stakeholders to ensure long-term success and sustainability for the company.

 

FINANCIAL PLAN

The following financial projections have been conservatively developed by the management team of RS4 Home Sale Ltd.

Pro Forma Income Statement

 

Pro Forma Cash Flow Statement

 

Pro Forma Balance Sheet