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Updated almost 10 years ago on . Most recent reply
![Ramiro Morales Jr's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/128253/1621418196-avatar-ramiromoralesjr.jpg?twic=v1/output=image/cover=128x128&v=2)
Hospital to Apartment Complex?
I am sorry that this is more of a query but I am just here thinking & this idea pops in my head while watching Night Shift. I thought...could you convert a hospital into an apartment complex. I went to google & found some examples but came on here & couldnt seem to find it. I havent researched this section of the forum but could you give meal a general rundown to try to analyze a deal of this kind? I would be greatly appreciated to be turned onto the right track. I would need to find investors/partners for this deal and looking for a no money or as less as possible due to my current situation & lack of experience. I have not done any investing yet but have read a lot. I also have a few people i can reach out too for investing in this deal.
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- Investor, Entrepreneur, Educator
- Springfield, MO
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Wholesaling, is this just forum chatter? Stop trying to go elephant hunting with a slingshot.
The hospital I was born in is now a retirement home, much better suited to a hospital layout, there are higher and better uses of such a property than taking it to a residential use, the lowest yielding project for a large building unless it was a luxury joint. And your area won't support that.
Check out the Principles of Real Estate, highest and best use and what is more valuable. :)