Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 3 years ago on . Most recent reply

User Stats

32
Posts
1
Votes
Rav Ram
  • Developer
  • Los Angeles, CA
1
Votes |
32
Posts

What do i do with this Old Nursing Home building i just bought!!!!

Rav Ram
  • Developer
  • Los Angeles, CA
Posted

Hello,

I purchased a vacant old nursing home that is in a low income area of the Dallas / Fort Worth area.  The place has 30+ Rooms and is over 15,000 square feet. I was going to convert this 1950's building to an assisted living facility, but it looks like it will cost too much without any guarantee that the operation will be successful. I'm now looking into alternative uses for the building. 

I was wondering if anyone had any ideas.  Keep in mind it looks just like a little hospital / old nursing home. Big doors, big hallways. Other things i have considered are developmentally disabled housing (don't know anything about), veteran housing (know very little), homeless children, special needs (don't know much)... I have the building, now i need to perhaps figure out a good business plan for one of the above or perhaps find someone who knows how to write government grants.... The area is low income and i'm sure there are programs.

Anyone have any ideas?

Most Popular Reply

User Stats

6,201
Posts
4,343
Votes
Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
Posts
Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

Since you have a building and no idea what to do with it, perhaps you should partner with someone who has a plan but can't afford a building. Try to find the jelly to your peanut butter.

Loading replies...