All Forum Posts by: Henri Parker

Due to passing of family member, I own a Bungalow in the Auburn Gresham District of Chicago.  The house needs a lot of work.  It still has a steam boiler, heating radiators, no upgrades to kitchen and bathrooms.  Hard woods in decent shape, basement needs renovation, etc.  The house is paid for, trying to decide on selling as is, rehab and rent, or rehab and sell to get the most out of it.  Any recommendations on how to analyze the potential and guidance on best path forward.  I live out out of state.  

Thanks in advance......

Looking forward to the meet up, I’m in.  

@Karen Margrave You can check out the link below that gives a breakdown of costs at the City level.  We are using this as a data point for estimating rates we plan on charging at our future facility.  We plan on having both private and shared rooms.  

https://www.genworth.com/aging-and-you/finances/co...

Independent living is definitely an option as well but we're trying to stay focused on one path as we start our REI journey.

Thanks Andrew Kerr and Travis Shelton!  

Travis - We haven't purchased a home yet but that's definitely a goal this year.  

New BP member and new to Real Estate investing in the Raleigh-Durham area.  Looking forward to connecting with fellow investors and continued learning in Real Estate investing.  Primary focus is on Residential Assisted Living and/or senior housing.