@Don Konipol, any way I can talk to this guy that you provided financing for? Also, as an investor, what piqued you to put some money into this? What can I do in this space to make it appealing to an investor?
@Jennifer Beadles, do you find the third party care provider and also the people who are renting? Or are you renting out the unit to a third party to provide everything? What additional improvements did you add to the units so that others go, "Hmm, yeah this place deserves higher than FMV rent."
@Glenn McCrorey, I'm guessing you did some renovations? What renovations did you do? Will listen to #110 this week!
Originally posted by @Glenn McCrorey:
I have bought several houses from non profits that want to unload the asset, maintenance responsibility, and the appearance of a conflict of interest in being both the landlord and the care giver for significantly less than "market value".
You also mentioned you bought houses from non profits... Why did they want to unload, and what patterns did you look for? Were these under the same people you contacted from Googling "community based living services" and then just buying properties from them when they needed to offload?
Any of you going to any this SF Bay Area Summit by chance?
