All Forum Posts by: Kevin Horton

Your opinion is welcomed.

My wife and I came across an inexpensive property, in a pretty popular vacation destination in the mountains, that we would enjoy for ourselves. Around $70k. This property is a cabin, but doesn't qualify for traditional lending, as it's a sort of tiny home /park model built on a chassis, however we would own the lot.

The current owner states 2019 rents were about $10k (via VRBO, AirBnB, etc). I will verify before purchase. 

We have the ability to purchase the property with all cash, but would like to hear from those with short term rental experience on if you think it would be better to tie all cash in this one property, or possibly take a HELOC for a portion to keep the liquid funds for a potential additional investment, should one come up.

Considering income potential vs purchaser price, both options have attractive qualities. 

What are your thoughts?

Thanks

Nathan, I am a REALTOR in Palm Beach County. If I can be if any help, I'd love to work with you.  

 @Charbel,

I'm in the West Palm Beach area. 

 @Fiaz Khan

I'm looking to purchase my 1st investment property and would like to lease it to a care provider,  similar to what you're doing.  Can you provide some pointers in where I can find those care providers / operators?

Thanks, 

Kevin

 @Kevin Vandenboss 

Do you know of any national operators / providers that lease properties in Florida? I'm in the process of purchasing a property with 3 separate homes on it with great proximity to hospitals and bus lines in South Florida.  I'm having difficulty finding contacts that need to place patients / tenants in homes.  I would like to lease my property this way rather than the traditional tenant lease. 

Thanks, Kev 

@Brian Garrett, thank you! I will contact Jill. Greatly appreciated. 

Hello all. What a great Podcast and forum! I am a real estate agent residing in Palm Beach County FL and am interested in purchasing my first investment property.  

I would love to learn more about the supported care/living aspect of investment properties,  but in my research I have reached out to many resources and I cannot get a reply.  I have attempted to contact article authors, current supported care investors, as well as local and national support programs - with zero responses. 

If anyone is able to point me in the right direction, I would be very grateful.  

Glad to be part of the group!

Kev

Nick, in doing my research, I came across your post. I also see that no one has responded.  This has been my experience in attempting to contact someone (anyone) regarding Supported Care/Living. I have attempted contact with Jennifer Beadles, whom I came across on a podcast, a couple of times in a couple of different ways.  I have reached out to expert references in articles for organizations,  as well as local organizations in my area.  I have received zero replies.  I'm not sure if this is now a flooded venture, or if these folks are numb to those wanting to provide their properties for supported living,  or what the case may be.  

I'm curious,  what direction did you decide to go?

Kev