All Forum Posts by: Mark Sheppard

It's a hit or miss for me. I've had luck from referrals. 

Meet ups, calling bandit signs, looking on the tax records for simultaneous closes are all good options

Networth Realty / New Western Acquisitions are both pretty large national wholesalers that operate in Houston. People will scoff at them but they do more deals than anyone else per month and are probably worth meeting with at least to just get a source of properties

There was an interview with a couple who did just this kind of thing, I think they may have even used the BRRRR method. They were on the Bigger Pockets podcast before Brandon left. I wish I could give you more than that, but that's all I got. It was a very informative interview discussing just this topic.

If it were me, I would find a partner in this kind of work already, and find a way to create a deal where you fund the property and they build the business. Utilize someone else's expertise to reduce your headache. I have clients who work in Assisted living and they wanted to pursue the same kind of property conversion and even with they experience they decided it was a little too much work and risk to undertake. 

Hope this helps!

I agree that this is a lot of work, and think having a partner will be one good idea with the assisted living conversion. This is one of my investment properties where the tenant is about to move out and I have an opportunity to BRRRR the property while in transition.

Hoping to hear from someone in this group that has done this kind of work in the past. Maybe get some more info on what hurdles they encountered and what they would have done differently.