All Forum Posts by: Kevin Schulte

talk to the park manager up front , sometimes they get a little heated about these deals going on without their knowledge and you could get title for it only to find yourself being evicted day one (and tyhose things arent cheap to move) , more than likely they wont care.

Do you know how to inspect the thing for damages and price out repair costs?

Well top of my head - how far are you from city water and sewage? , before even talking to developers or lenders / possible partners knowing up front if you'll be doing septic and well vs city hookups can sort of frame the conversation.

Is centralia close to any bp meetups carla?

What are the POH worth as is? To you the buyer theyre worth maybe 75% of that because theyll cost you more in maintenance than the rent is worth.

Depending on the state as long as its "assisted living" and not "skilled nursing" you can have "med techs" who actually do the med pass and just have a nurse in charge / supervising - now with 5 to 10 beds it might not make sense to have the med techs (unless you have a nurse who is willing to be on call 24/7) but another thing to look into is if you'll actually need a registerd nurse vs an lpn/lvn.

I'd think with that many beds you may also want to consider hospice care or care for illnesses that leave the patient mentally handicapped (vs geriatric patients)

One more possibility is "adult day care" , where you're only keeping the place open half the day and the clients leave at the days end.

welcome aboard! Thats a tough start but the site has plenty of resources to help (and youre in a great location!)

Welcome to BP fellow arizonan, mf's sf's or it doesn't matter as long as it cash flows?

im at work right now so cant crunch numbers but an immediate red flag is a septic system. Have you had it looked at? Details on that? Those things are NOT cheap to fix and you could find out it isnt even meant to be used for that many spaces

https://www.biggerpockets.com/forums/521-events-an...

And

https://www.biggerpockets.com/rei/arizona-real-estate-investment-clubs/

welcome from green valley! , I think the AZ BP meetup is near you so don't miss out!

You should reach out to @john fedro , he's originally from florida and this is his specialty niche.