With a purchase price of $740,000 and construction budget of about $1.3 million, a future appraisal estimates its value at $3.75 million.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

Or you can work with your lender to contribute the property to a new LLC after the purchase.

My husband and I are approximately 6-12 months out from executing on our first real estate purchase.

I am looking to rent and hold (purchase a rental income property).

Purchase price: $50,000 Cash invested: $50,000 My first investment was a three unit deal for $50,000 cash.

Purchase price: $285,000 Cash invested: $33,500 In May 2024, I purchased this duplex as a house hack opportunity located in the heart of College Station.

Purchase price: $211,000 Cash invested: $50,000 Purchased this house for $211k eight years ago.

Approval and Adjustment: If approved, the exemption reduces the assessed value of the property, thereby lowering the property taxes owed.Let’s break it down with an example:Suppose you purchased an investment property for $1,000,000, but its previous taxable value was $700,000.

Purchase price: $95,000 Cash invested: $30,000 Buy and Hold.