How do you invest into Adult Care facilities

[Troy F.]

Hello,

A year ago, maybe two, I listened to a BP podcast about these properties that housed adults needing nursing care. The nurses would come stay at the facility and care for the adults for a period of time. The numbers on these deals claimed to be amazing. It sounds like something I could do here in our town of Dubuque, Iowa. I don't recall the specific name of these facilities and cannot find the podcast. I know it's a stretch, but does anyone know what strategy this might be and where I can find out more about it?

Thanks,

Troy

[Melanie P.]

Assisted living, memory center, continuing care, rest home, independent living, ambulatory care are all terms for what you might be looking for. 

This will involve operating a piece of real estate and starting a business inside that piece of real estate. You'll need the skills of a landlord and a business owner. You'll also need to learn a lot about the adult-care industry - insurance and licenses needed, how to find employees, budgeting, how to find tenants/patients, etc.