All Forum Posts by: Nicholas Pelham-Clarke

just so my ask is clear; 

Shared living arrangement business structure: buying a property, leasing each room out with a shared common space. I see this as a way to help lower income individuals, potentially utilize group living government payment from tenant, and return more than what renting it as a private residence. 

Assisted living business structure: buying a property and providing living arrangements with medical staff present. helps disabled, mostly elderly individuals. Potentially utilize Medicaid as payment. Significantly higher rents, but significantly higher involvement and regulation. 

Hello all. Looking for everyone’s input on comparing 2 business models for my next investment property. 

The question per the title; is a room share scenario  better or worse business strategy than creating an assisted living scenario? Discuss!

Back story: I have other properties invested in a more passive way, cash flowing well at about 15% (annually) of what was invested several years ago, and inflation has raised property values a few hundred thousand over what purchase price. so I’m in a good position to to expand again. 
My goal is to create a more scaleable side business with a splash of philanthropy. Something where the realestate is the foundation of the investment, but the service or effort on top allows dramatically more revenue. 

Would love to hear from people in MN especially. Thanks!

So I'm in the process of selling a few single family homes and am trying to prepare for my next investment in a multifamily. I should have about $1.5 Million to invest and am trying to consider all the options. At this investment level, I feel like I have a lot of options, but I don't want to complicate the scenario overthinking. I'm hoping the responses to this post will help narrow my focus and develop a plan.

I have rented out single family home for several years now. Thanks to the booming market in Denver, Colorado and Sydney, Australia, I have gained significant capital. I want to simplify multiple single family homes to one, or multiple multiplexes.

Denver (or Colorado) is too expensive so I'm researching other areas. I have heard mixed opinions on whether to invest out of state if you aren't familiar with the area. My first question is am I crazy to invest this amount in an outside state? I currently handle my own tenants, but I plan to have a property management company handle the tenants with a multiplex.  

$1.5Million is a large amount for myself, but I understand that it's relative. Would it be smarter to invest in a 3 multiplexes in different areas, or would it be wiser to invest all of it in to a single location?

With my single family homes I shopped many places by myself before involving my realtor. Should I be involved with a realtor early, or another party, to help with my shopping?

I'm trying to cram my brain full of information, so come August, I can move things along quickly.

Thanks for your input

Nick

Denver, CO