Buying residential homes and using them to operate businesses

[Anjali LeBoeuf]

Investment Info:

Single-family residence commercial investment investment in Granada Hills.

Purchase price: $224,000
Cash invested: $1
Sale price: $290,000

Bought 3 houses zero down with cash back to develop 2 Alzheimer's homes and live in the other.

What made you interested in investing in this type of deal?

Run businesses through residential homes. Alzheimer homes and Around the clock attendant care through out LA Basin.

How did you find this deal and how did you negotiate it?

Negotiated no money down with cash back to build out the homes to comfortably accommodate needs of memory impaired residents and live-in staff.

How did you finance this deal?

Mortgage lender

How did you add value to the deal?

Provided a very needed service. Created added value with business within residential real estate .

What was the outcome?

Front page of LA Times because it was a model where we provided environment that was adapted to the residents rather than having the residents adapting to environment; essentially for big 2-year olds. Hosted and produced a weekly cable program. Had a regular editorial column prominent California Senior Newspaper. Sat on the educational committee LA Alzheimer Association

Lessons learned? Challenges?

It was ALOT of work. Had 50 staff combined with the at-home attendant care. While made a lot of money, had great staff (mostly) I was responsible for the well-being of many people, not only residents, but families too. Exhausted me. I learned that when have a meaningful reason, I can do just about anything. I believe in myself. Now will create using easeful skillful means and agency, while enjoying the ride!