Thanks for the reply!
HHCHH is a house hack when the investor buys a property to live in, and use the other rooms for a home health care business. This is not an intensive care facility, just helping with ADL (activities of daily living). It wouldn't be like Sunshine Terrace or anything. It would be more like a small version of Maple Valley, Pioneer Valley Lodge, etc. The people on the podcast said that each resident paid between $4,500 and $6,500 per month (in California, so it will be less here, but I haven't done enough research to have solid numbers). So the cash flow is obviously better than renting the rooms or units, but it also has risk associated with the business side. More balls to juggle, but the ROI potential is better.
The more I am investigating it, I think I would rather try and do a BRRRR on it. My wife isn't super keen on the idea of living with a bunch of seniors and fixing all of their meals, and I think we could make the BRRRR work. But I need to contact zoning and code enforcement. I've tried, but the holidays are difficult to get through to anyone.
Are you invested in the market in Logan? If so, are you doing BRRRR, flips, or something else? I am just starting to get into all of this. I've been listening to a couple of BP podcasts almost daily for the past couple of months. Now I am kind of through the beginning base knowledge stage and need to move on to actually getting out there and figuring out what is going to work. So any help is welcome, and I am currently job hunting, so I am happy to provide value in some way if there is a need. I am looking at some leasing agent or other property managment-type jobs in the valley.
Thank you!
