(Land and construction cost, expected sale price, etc.)My last development in Chicago looked like this:Land = $300kConstruction Cost $650kHolding Cost/Closing Cost/etc. $50kProfit roughly $100kThat project was in Bucktown on the nw side of Chicago.

We are solely working on assisted living:- Buying homes and leasing them at higher than market rates to these business operators- Purchasing existing businesses with the real estate- Developing / building newFor us, the business makes the real estate cash flow, we can create a massive impact, and the demand outpaces supply and will continue to be that way for the next couple decades.

Our ultimate goal is to get into real estate development along with buying rental properties.

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

What is the experience of the group at performing this sort of development?  

The surrounding lots are developed and have houses, It is not a closed community but it looks like one.

To help our case, I am thinking about putting together a report of some type that would help for why this development should be accepted. 

Areas with infrastructure growth and new development are excellent targets for long-term value.Key Tip: Adaptability is essential in 2025.

Hey everyone, me again, I am practicing underwriting MF deals and came up with a few questions (I am sure there will be more). -when figuring rules of thumb regarding payroll cost per employee/position or things like ...

These kinds of developments can be huge draws for both residents and investors.