Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 06/15/2019

Account Closed
  • Lakewood, OH
10
Votes |
35
Posts

Senior Housing

Account Closed
  • Lakewood, OH
Posted

Has anyone ventured in the area of senior housing? I've seen a few deals but I noticed the rents are restricted and most of the mortgages are assumable. Has anyone done any of these deals? Anything to look out for?

User Stats

20
Posts
8
Votes
Candace Majedi
  • Sherman Oaks, CA
8
Votes |
20
Posts
Candace Majedi
  • Sherman Oaks, CA
Replied

@Karen Margrave and @Napoleon De Guzman The first step to licensing is passing the online orientation class (which is Component 1) through the Department of Social Services Community Care Licensing Division (CDSS). It took a lot of research and a phone call (gasp!) to figure that out. It costs $50. Its EXTREMELY helpful, and explains everything needed to start a RCFE facility. I'll send the URL when I get to my home computer. 

User Stats

5
Posts
0
Votes
Napoleon De Guzman
  • North Hills, CA
0
Votes |
5
Posts
Napoleon De Guzman
  • North Hills, CA
Replied

@Candace Majedi Ahh so that is what you were referring to by Component 1. I completed that 2 months ago I think and yes it is very helpful indeed!

Rent To Retirement logo
Rent To Retirement
|
Sponsored
Turnkey Rentals 12+ States. SFR, MF & New Builds, High ROI! 3.99% rates, 5% down loans, below market prices across the US! Txt REI to 33777

User Stats

18
Posts
2
Votes
Meena Balaji
  • Investor
  • San Ramon, CA
2
Votes |
18
Posts
Meena Balaji
  • Investor
  • San Ramon, CA
Replied

Hi All,

I'm a passive investor . I came across a SFH which is currently leased to the operator of a senior care facility, which operates a four-bed licensed facility in CA.

I'm new to this space and would like to understand my liabilities as an investor

Thanks in advance everyone!

User Stats

20
Posts
8
Votes
Candace Majedi
  • Sherman Oaks, CA
8
Votes |
20
Posts
Candace Majedi
  • Sherman Oaks, CA
Replied

If my memory serves me right, if it’s a 6 bed facility or less the owner of the property has to be the owner of the business. I just remember there being more involvement, I think at least needing to come by and be available for questions from family/patients every week. Also, I’m sure the person legally responsible for the facility signs and fills out LIC 200. 

User Stats

7,620
Posts
4,154
Votes
Karen Margrave
Professional Services
Pro Member
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,154
Votes |
7,620
Posts
Karen Margrave
Professional Services
Pro Member
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorReplied

@Candace Majedi @Napoleon De Guzman  @Tina Peters it's been awhile, so I thought I'd check in and see if you moved forward with senior living residence or ? 

In regard to what I have been checking into, Shasta County is considering expanding the zoning use on my property and it would include boarding homes. Hopefully they will be making a decision on that this month. 

  • Karen Margrave

User Stats

39
Posts
10
Votes
David VanSteenkiste
  • Investor
  • Boulder, CO
10
Votes |
39
Posts
David VanSteenkiste
  • Investor
  • Boulder, CO
Replied
@Dan Brewer I would be curious to learn more about investing capital in this space. I’m preparing to sell two industrial buildings and looking to re-invest it.

User Stats

5
Posts
2
Votes
Maninder Sanghera
  • Rental Property Investor
  • Stockton, CA
2
Votes |
5
Posts
Maninder Sanghera
  • Rental Property Investor
  • Stockton, CA
Replied

@Napoleon De Guzman

Hello Napoleon ,

I am looking for operator for my real estate investment as assissted living facility. Are you operating one , I am willing to connect

User Stats

5
Posts
2
Votes
Maninder Sanghera
  • Rental Property Investor
  • Stockton, CA
2
Votes |
5
Posts
Maninder Sanghera
  • Rental Property Investor
  • Stockton, CA
Replied

@Candace Majedi

Hello Candace ,

Are you operating an assisted living facility in California. If you are , would you like to grow your business and manage one more small SFR /assisted living if I provide real estate ? We can connect