In general real estate terms, what make a sucessfull project?

Question

This is a question regarding a startup of senior housing in italy. SO if i wanted to excecute this venture, what makes it successful. Thanks

Answer 1

1. Strong cash flow. The venture must be able to pay its operating expenses and any debt incurred. Your projections should also be conservative.....

2. Market research. The business has to understand its target market and demand for its products, otherwise it will fail. Also important to understand how referrals are made in this market i.e. do you need to do presentations to hospitals/.doctors to refer patients needing long-term care? Best to talk to people in the field.

3. Competition. You need to know who is your competitor and how they measure up agst what you are offering. If there are none, then you need to understand why? Is it that there is no market or is the market merely untapped?

4. Cash reserves. The 24-36 months of a business are the hardest. It helps if you can tap into a cash reserve to help fund any unexpected changes...savings, investor money, small line of credit from a bank....are all great resources. If reserve money is also debt, you would need to factor hwo much you could pay personally if it come to that......