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All Forum Posts by: Charlie Cameron

Charlie Cameron has started 17 posts and replied 408 times.

Post: Senior Care Home Balance Sheet

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Joshua Bautista:

Hey guys, I am opening a senior care home and I am choosing between independent living and assisted living. I was wondering if someone would be kind enough to share their balance sheet with me because I am trying to see if it makes sense to do it.

In addition, I have a partnership opportunity in which we have a pre inspected/renovated home that adheres to the assisted living regulations and the owner is looking for a partner that can provide the show money (will not be used) to the banks. The owner has one other facility that she is currently managing and her money is tied up on that one.

Hey Joshua! Independent living and senior care are quite different where independent living you shouldn't need nearly as much staff or provide any care. You MIGHT provide meals or other life enhancing services, but you'd be hosting completely able seniors. 
Senior care on the other hand requires 24/7 staffing as the definition of assisted living is needing help with 3 or more daily activities, whether that's bathing, eating, walking, toileting, etc. 
Because of this, the rates for independent living are far lower than senior care as you aren't really providing the service. While I know of homes that work for independent living, usually seniors and their families are looking for more individual apartment style for that, whereas with assisted living, a home like environment is more desirable. 
Feel free to reach out about the other opportunity with more details, my partners and I might be interested, especially if it is an operator we know in the area! 

Post: Looking for a broker or agent for RCFE (Assisted Living)

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Andy Wilson:

@Andy Wilson sorry, I forgot to mention the area: I am looking for a property in LA, Orange, Riverside, San Bernardino counties.

 @Andy Wilson I know a great RCFE expert agent in that area, happy to connect you. 

Post: New Member Joining BiggerPockets

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350

@Ethan Slater small world huh? Alex is the man, couldn't achieve what we have without a partnership like ours! Minot... fun. My first base was Holloman... equally "fun." Congrats on orthodontic residency, though I know residency will be time consuming as well. 

Feel free to reach out anytime!

Post: New Member Joining BiggerPockets

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Ethan Slater:
Quote from @Charlie Cameron:
Quote from @Ethan Slater:

Hello everyone on BiggerPockets! I am excited to introduce myself as I continue to learn about the world of real estate investing. 

I am currently serving in the United States Air Force, so as a military member, I will be moving around during my career. I am looking to learn and grow from different perspectives in the real estate investing space. As I continue to gain more knowledge, I am intrigued by the opportunities that real estate investing can afford while on active duty. 

Experience: Beginner in real estate investing
Goals: My primary goal is to learn more about real estate investing opportunitiesI desire to connect with individuals who have had experience investing in real estate while serving in the military on active duty. At this stage, I am interested in house hacking, short-term rentals, and residential assisted living (though I hope to continue to learn more about other opportunities as well).

I appreciate this community and the opportunity to learn from others. I am excited to get to know other investors, as I continue to grow in my knowledge and skills in real estate investing.

 Hey @Ethan Slater! I'm an Air Force vet and reservist that got my start investing in real estate part time and eventually swapped to full time! I also run a mastermind on residential assisted living. Done multifamily, SFR, STRs... and finally found the niche that I love the most and believe has the most potential for decades to come. If I can help at all, let me know!


 I have just started listening to "Physicians and Properties" by Dr. Alex Schloe (an active duty Air Force physician), and he has definitely turned me on to investing in residential assisted living! He has talked about some of the deals he and his partners have recently completed, and they sound like awesome opportunities. The combination that this niche offers first-class care to those that need it most and the potential for it to become profitable for many years to come definitely has me interested in learning more about opportunities investing in RAL.

We are renting in our current assignment, but we will PCS in about a year and a half. I am working over these next few months to learn as much as I can to develop systems in order to analyze the next market we will move to. I hope to invest in a SFR or small multi-family unit (i.e. house hack) at our next assignment to dip my toes into real estate investing. Eventually, my goal is to continue to use this knowledge to start investing in RAL too.

 @Ethan Slater must be fate! @Alexander Schloe is my business partner and bro. He and I host the RAL Room assisted living podcast as well! Do you know where you will PCS to? Where are you currently? 

Post: New Member Joining BiggerPockets

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Ethan Slater:

Hello everyone on BiggerPockets! I am excited to introduce myself as I continue to learn about the world of real estate investing. 

I am currently serving in the United States Air Force, so as a military member, I will be moving around during my career. I am looking to learn and grow from different perspectives in the real estate investing space. As I continue to gain more knowledge, I am intrigued by the opportunities that real estate investing can afford while on active duty. 

Experience: Beginner in real estate investing
Goals: My primary goal is to learn more about real estate investing opportunitiesI desire to connect with individuals who have had experience investing in real estate while serving in the military on active duty. At this stage, I am interested in house hacking, short-term rentals, and residential assisted living (though I hope to continue to learn more about other opportunities as well).

I appreciate this community and the opportunity to learn from others. I am excited to get to know other investors, as I continue to grow in my knowledge and skills in real estate investing.

 Hey @Ethan Slater! I'm an Air Force vet and reservist that got my start investing in real estate part time and eventually swapped to full time! I also run a mastermind on residential assisted living. Done multifamily, SFR, STRs... and finally found the niche that I love the most and believe has the most potential for decades to come. If I can help at all, let me know!

Post: Converting duplex to assisted living facility how to

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Joshua Land:

Look to learn, and hopefully implement converting my duplex into an assisted living center. Any advice or direction on how to go about this in Wisconsin would be greatly appreciated.

Before you do that, ensure the home will make a good RAL property. Here are some criteria to check that, from a 10 step guide we made:

Post: Are You Actively Investing in Real Estate?

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Feroz Penangwala:

Hi everyone, I’m curious—how many of you are actively closing real estate deals right now? Are you finding the funding process smooth, or do you run into challenges?

I’ve been involved in lending for a while and know that financing can sometimes be a bottleneck. If you’re looking for creative ways to fund your deals or need help closing, I’d love to hear your thoughts or experiences.

Let’s discuss!

We are solely working on assisted living:
- Buying homes and leasing them at higher than market rates to these business operators
- Purchasing existing businesses with the real estate

- Developing / building new

For us, the business makes the real estate cash flow, we can create a massive impact, and the demand outpaces supply and will continue to be that way for the next couple decades. Makes sense to focus here for an asymmetrical upside. 

Post: looking for a lender who provide financing for an assisted living facility

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Charlene Livers:

Hi everyone.

I broker money for investment properties and also own an assisted living facility, a business I’m deeply passionate about. I believe in the importance of creating and maintaining spaces where people can receive the care they deserve.

Right now, I’m looking for a lender who is willing to provide financing for assisted living facilities. My current lender cannot approve such, and I want to help other business owners in this field secure the funding they need to improve or expand their facilities.

If you know of any lenders specializing in this type of financing or have connections in the industry, I’d love to hear from you! Let’s work together to create opportunities for assisted living facility owners.

 Are you considering SBA? Happy to provide who we use. 

Post: Future Housing: An Analysis of Container Home Senior Housing

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350
Quote from @Tom Pappas:

As a former CPA and attorney who managed a distressed property investment fund, I've analyzed countless real estate opportunities. Today, I want to share why I've pivoted to developing container home senior communities and the investment analysis behind this decision.

Background: Running a distressed property fund taught me to identify undervalued opportunities and market inefficiencies. After exiting that business, I began exploring innovative solutions to the growing senior housing crisis. This led me to container home development.

Key Market Factors:

  1. Senior housing demand is outpacing supply
  2. Traditional construction costs are skyrocketing
  3. Fixed-income seniors need affordable options
  4. Sustainability is becoming a critical factor

The Container Home Advantage:

  • 20-40% lower construction costs
  • Significantly faster build time
  • Durable steel construction
  • Highly customizable
  • Lower maintenance costs
  • Sustainable/recyclable materials

I've already completed one container home conversion and several studio/guest houses. The insights gained from these projects have validated our initial assumptions about cost savings and construction efficiency.

Future Vision: We're now developing a complete senior community model that combines:

  • Affordable container homes
  • Community-focused design
  • Sustainable practices
  • Scalable business model

Investment Perspective: From my fund management experience, I see three key advantages:

  1. Lower capital requirements than traditional development
  2. Faster time to market
  3. Multiple revenue streams (sales, community fees, services)

I'm sharing this to start a discussion and get feedback from the BP community.

Questions for discussion:

  • What challenges do you see in this model?
  • Has anyone else explored container homes for senior living?
  • What factors would you consider before investing in this type of project?

Looking forward to your insights and questions.


 Tom - this is a really cool idea. Here's where I'd poke a hole though: providing care. Individualized container homes would be ill suited for assisted living style care. So a community of these homes could definitely provide an affordable downsized housing option for active seniors (independent living style) - especially when you provide amenities on site, which will be required if you want to compete with other independent living style communities and apartment buildings. But separate disconnected units wouldn't be economically efficient or even feasible for assisted living care once they need it. 

Independent living with assisted living nearby or on site for a transition could work well though! Just my thoughts. 

Post: Assisted Living Investing Q&A!

Charlie Cameron
Professional Services
Pro Member
Posted
  • Investor
  • Niceville, FL
  • Posts 433
  • Votes 350

@Ron Dancy in some ways yes, in other ways, no. Your pay is more likely to be salary than a percentage (except for the REALLY big stuff). Another difference is when a PM quits, typically the stakes are pretty low, you just hire another one. Here, there are lives at stake. And they are managing a lot of people, having to market, and other things a PM does very little of. Normally the manager works directly for you rather than another company. So some similarities, but many differences. Does that help?