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Updated over 1 year ago on . Most recent reply
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Residential assisted living investor friendly agent in New Albany Indiana
Hi BP, I’m new investor from California, I cannot afford to break into buying a house in CA at the moment- meantime- my mother in law and I are opening RAL Assisted Living Facility in a multi- family single story in New Albany area of Indiana. (where mom lives)
***Evansville was the closest city on forum***not looking there:)
Focused Markets in :New Albany, Clarksville, Jeffersonville and Charlestown
We just opened our LLC , A Caring Companions Place LLC in IN, we have 2 clients whom mom is care taker to now, setting up for full staff and licensing now- And looking for someone with experience in this field of RAL - and whom knows the market of southern Indiana-
We are searching to lease to own -we think this may have to be the strategy to start with ( but if the #s add up - my goal is to invest right out the gates)
Our 2 year plan is to purchase a property with 4-5 beds 3 bath large kitchen and dining area for licensing and room for garden space…we’re starting small while looking for a lease to own property to build our businesses credit.
We’re trying to stay away from Kentucky because their Medicaid for elders is not as accessible- we will aim for private pay and be flexible for those in need with Medicaid …
There is a great demand for the elders needing care and the revenue will help us build income for finally owning a home of our own. otherwise we my (husband and I ) depend on our nation wide art shows, selling hand blown glass sculptures-luxury sales need a sustainable sister business for longevity.
Note** want to inquire about LLC buying the property vs personal DTI - I'm working on moving personal debt to our business as it should have been set up…*** questions for lender
We have been zoning and working with SBA for start up grants and inquiring an investing partner- we could use someone who knows the market of
New Albany, Clarksville, Jeffersonville and Charlestown Also-
gratitude ~ Jesi