All Forum Posts by: Tina Peters

I am looking to invest in senior housing as well. I am however looking for a 55+ style, smaller, non-assisted living scenario in Northern California. I have tried multiple types of searches on the internet and coming up empty handed.  Can anyone point me to a resource for the restrictions/requirements for California?  I read somewhere (where?) that there was a minimum of 36 units required to be considered for a senior housing community.  Thanks in advance for any assistance lent!

@Charles Wiegert,  thank you. I will go check it out.!

Thanks for the quick reply 

@Daniel Karbownik. To answer the questions, minr just seems very basic. I guess I envision one more robust. For comparison, let's take all the 401k calculators out there. They show you in a more visual form where you're headed. I envision you punch in X for your passive income goal, then plug in your properties with the loan maturity date, Piti separated ( as you'll still have Iti once each loan is paid) and you'd see a dated graph of what your income would be at each data point.

I am a long time investor of residential single and multi-family housing, primarily buy and holds.

I've played around with creating a spreadsheet to project income over varied periods of time as well as plot out when each property will be paid off.  While it's ok, it's lacking.  Is anyone familiar with a BP resource or have a spreadsheet you'd be willing to share?  Thanks in advance! 

I use propertyware.com. It's relatively inexpensive for what you get. It's property management all in one place. I can easily see expenses by category, by property, what asset each property may have along with its acquisition date and associated asset warranty. I don't have the time, nor am I that great at website building. Propertyware has it built in where you click on a unit for vacancy and it auto rolls out to various publish sites based on the predefined into you've populated.  When it comes tax time, everything is organized for you.

@Bryan O.. Understood, and thanks for the quick reply!

@Bryan O. you mentioned an App for checking on your properties. Could you share what that is please.  I am currently a hands on investor in my local community however I am starting to investigate out-of-state investment space. The aspect of not being able to check on my properties has me gun shy.