Before You Buy Land, Know These Offer Terms | EP 159

<p>The wrong piece of land can cost you years, hundreds of thousands of dollars, and potentially kill your assisted living project before you ever break ground.So how do you know if a piece of land is actually worth pursuing?In this episode, I breaks down the exact process his teams use when looking for land for assisted living and memory care projects.From acreage and property shape to zoning, utilities, parking, drainage, and even properties with old mobile homes or houses — you'll learn how to quickly identify potential opportunities without falling in love with the wrong piece of dirt.Brett also explains why starting with a broader search can dramatically increase your opportunities and why checking utilities and zoning before making an offer can save you from an expensive mistake.In this episode, you'll learn:How much land you should look for when building an assisted living mansionWhy 1 acre is a good rule of thumb for one 10,000 sq. ft. mansionHow land shape can matter just as much as acreageWhy Brett recommends thinking about a 200 × 200 ft boxHow to account for parking, setbacks, drainage, and utilitiesWhere to search for land using Zillow, LoopNet, Crexi, and other platformsWhy you shouldn't overlook properties with mobile homes or older housesHow zoning and city GIS maps can help you eliminate bad propertiesWhy utility access can completely change the economics of a dealHow to create broader land searches so you don't miss the right opportunityThe 3 biggest mistakes investors make when searching for assisted living landHow to approach cities, planning &amp; zoning, fire marshals, and utility departments before making an offerThe goal isn't to find any piece of land.The goal is to find the RIGHT piece of land before you spend serious money on architects, engineers, financing, or construction.If you're looking to build an assisted living facility, memory care community, or assisted living mansion, this is a process you need to understand before you start making offers.👉 Want help finding and evaluating the right market and land for your assisted living project? Learn more and connect with the Assisted Living Investing team:https://bit.ly/assistedlivinginvesting⏱️ Timestamps00:00 — Welcome to Assisted Living Investing00:20 — What today's land-search episode is about00:49 — How we evaluate hundreds of land opportunities01:09 — Why finding the right land is so important01:57 — Understanding the Assisted Living Mansion model02:49 — How much land do you need?03:09 — Setbacks, parking &amp; site requirements04:08 — The smallest properties we've made work04:37 — Planning for multiple assisted living mansions05:17 — Building a full assisted living neighborhood06:08 — Why the SHAPE of the land matters06:49 — The 200 × 200 ft land rule07:33 — Parking and designing for a luxury experience08:17 — Why land can impact your bed rates08:55 — How we actually search for land09:07 — Residential vs. commercial land09:13 — Talking to cities about zoning10:03 — Zillow, LoopNet, Crexi &amp; land searches10:41 — How to build your land-search criteria11:50 — Why you should search for mobile homes13:08 — Searching for existing houses &amp; redevelopment opportunities14:51 — The 3 biggest land-search mistakes15:46 — Mistake #2: Buying the wrong shape of land16:33 — Mistake #3: Ignoring utilities17:40 — Why the more expensive property can be cheaper17:52 — The land-search process from start to finish18:13 — Using city GIS maps18:53 — Turning a property into your due diligence exercise19:34 — How to know when you've found the right land19:47 — Want help with your assisted living project?20:00 — See you on the next episode</p>