All Forum Posts by: Tonderlera Ohaeri

thank you.

Can the BRRRR method be used to purchase a property that will be used for a Personal Care Home for elderly people?

Method - would be to buy the property; renovate the property to make it accessible for the elderly; rent (income from seniors living in the home); refinance at a later date

Great deal!! You were a new to the game, but you didn't let that stop you.  

I have a background in personal home care, and I also worked in other human services field.  I also have a Bachelors in Social Work and soon to pursue a Masters in Management and Leadership - Organizational Behavior.  I checked with the licensing agency for personal home care and I'm qualified to run one.  I also have other administrative and managerial experience.  So I'm not concerned with not having the experience. I'm just looking for creative ways to structure a deal.

Hi Jonathan,

Thanks for sharing your expertise and success.  I have a long-time acquaintance that's a developer in Monroe County  Pennsylvania.  I would like this person to be a silent partner to help me develop personal care homes for the elderly.   What do you think is a strategic way to structure a deal in an effort to get this person to partner with me so that it benefits both of us?  I thought of putting in sweat equity, hiring staff, managing, etc. and the developer would use their money.  Whatever cash flow is made with the business, we would split the profits.  I could also offer the developer more of a higher percentage of the profits.  Again, what are your thoughts?

Hi Biggerpockets

Has anyone if purchased property from realtystore.com

Hi Biggerpockets

Has anyone if purchased property from realtystore.com

All the best.  I actually work at a college and thought about renting to college students.  Having them do a joint lease is an excellent strategy.  Thanks for sharing.  God bless