Identifying markets to build Adult Family Homes

[Jessica Hicks]

Hello, I’m a new investor and have been searching for an investing strategy that is fairly recession proof. One of my friends invests in Adult Family Homes. I like the idea of this niche seeing as how baby boomers will soon be reaching nursing home age. She purchases single story homes, adds additional units (acting as her own contractor), then rents them to Adult Family Directors. She has offered to mentor me, which I’ve learned is GOLD in this field!

I live in the PNW where these units are popping up everywhere. Does anyone have experience with conducting market analysis for this Niche? My budget won’t afford me the ability to purchase close to Seattle so I will have to move a little outside.