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.
Multi-Family and Apartment 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 10 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Ramiro Morales Jr
  • Laredo, TX
0
Votes |
8
Posts

Hospital to Apartment Complex?

Ramiro Morales Jr
  • Laredo, TX
Posted

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.

Most Popular Reply

User Stats

21,918
Posts
12,876
Votes
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
Votes |
21,918
Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

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. :)

Loading replies...