Group Home/Assisted Living

[Robert McAllister]

I have a lead on an available Group Home/Assisted Living Center in Milwaukee, WI. 4 BR ranch home currently collecting $2500/mo rent... could be more. It will be listed at $259,900, close enough to the 1% rule for me lately.

Curious, one, if anyone is interested on the investment, I can get more details for you.

Curious, two, if this is honestly a good investment long term. Is insurance higher with a group home? What are the risks? Are there more requirements locally to maintain safety standards, or is that the business' responsibility within the assisted living facility?

Thanks!!

[Zach Westerfield]

@Robert McAllister i would encourange you to look into the business further before you consider buying. i have been researching the assisted living sector for many months with intentions of investing. There is definitely more to it than owning traditional real estate.