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Updated over 4 years ago,
Developing a 30-Unit, 60+ Senior Community
Hello BiggerPockets Community,
I have once again returned to this fruitful forum to inquire about an upcoming project that I am eager to get underway. Myself and a partner of mine have decided to look into developing a government subsidized senior living facility for those ages 60+ (not to be confused with assisted living). The only problem, neither one of us have any experience in real estate development, let alone developing a larger multifamily facility.
I have come here to the forums in hopes to find a knowledgeable party who might be interested in helping me get on the right track to success. My goal over these next few weeks is to outline a flowchart showing all necessary steps to take to get this ball rolling in the right direction as we hope to have this project completely underway by the start of the new year.
If any of you have any information, experience, or helpful resources that can better help me understand how this development process works I would greatly appreciate either a post here or a private conversation.
I look forward to learning about all of your experiences and am excited to begin turning this project idea into a reality!
Thank you all,