All Forum Posts by: Adam Fischer

@Sara S Jung. HealthTrust is a solid choice (are they still quite expensive?). They have a more modern view the marketplace than some of the other, more traditional outfits like MDS.

When I was active in senior housing, I was the in-house feasibility study point person doing both the forensic analysis of the market and competition ultimately making the recommendation for go/no-go on a project.

@Steve Morris ++ I can’t stress this enough. A quality operator is worth its weight in gold.

@Richard Heck it depends on what you mean by “take you serious”. BIG companies typically don’t want to be south of 90 bed. 2nd tier, north of 50. There are a few that specialize in smaller buildings that are in very close proximity to each other to where they can bundle and the economies of scale will work. Like anything, it depends on the deal and upside.

Question is, if they are good deals, why sell?

Hi Adam, thanks for your reply.  This is similar to what I have heard but this also confirms my position.  

Great name BTW! ;)

Seems like there are a lot of rentals in the area.  Is there a quadrant that is hotter than the others.  SE vs NE etc?  I'm having a hard time finding rental comp prices.  Thanks!

Hi everyone! I'm looking in my markets and happen to come across a duplex that sits in a neighborhood that is completely small multis (duplex, triplex, and quads). We are talking an entire community of approximately 50 rentals and not a single SFH or business. All were built around 2004-2005 but I'm having a hard time finding rental comps. Rentometer says approximately 1300 and the closest place on craigslist was a manufactured housing about a mile away. I've checked hotpads and googled the community but nothing in that particular area.

How do you evaluate properties in communities where there are only rentals?  Is that a good thing or does that mean lots and lots of competition?  How does appreciation affect that?

I have worked in senior housing for several years and pulled together ALF deals before.  One of my mentors is one of the largest privately held owner/operators in the US and am familiar with his criteria.  Feel free to PM me if interested.

I'm located in Singapore so I probably know a bit more about this than most on this site.  While it's always good to take caution people are overblowing this.  Singapore was dubbed the "Gold Standard" for how to deal with this outbreak, but my concern is more for what will happen in the US mostly because of the panic/fear than anything.  Wash your hands, practice good hygiene, and you'll be fine.  Just some friendly advice from someone who's country tackled this already and was once 3rd in outbreak cases (only behind Hubei and China).  

Thank you for posting this... I was literally going to ask this same question.  Obviously a number of real estate agents and property manager(s) with experience in the areas (geographic, type of real estate, and strategy) you plan on investing but more specifically whom else?  Thanks for starting the thread!

I just read this on their website recently because I was thinking the same thing. FHA will do one time close (construction to permanent loan) however its ONLY for SFH. Even if owner-occupied, they won't fund new construction to perm multis. I do think you could potentially do 2 loans but that would probably require an additional appraisal, closing costs, and more time.

"Please note that the One-Time Close / Single-Close Construction Program only allows for single family dwellings (1 unit) – and NOT for multifamily units (no duplexes, triplexes or fourplexes)."

Read more at the below link.
https://www.fha.com/fha_article?id=2032