
18 December 2024 | 5 replies
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 newFor 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.

10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊

17 December 2024 | 2 replies
Contact a couple contractors to see what the cost would be to add the addition.

15 December 2024 | 13 replies
You'll need to use the property a couple weeks a year since this is primarily a 2nd home as far as the bank is concerned.They may be harder to find right now, but I'm sure you can find someone to do one of these loans.

20 December 2024 | 4 replies
I don't personally have tens of thousands in cash on hand for larger down payments (I do though in my TSP/401k), but my dad will have maybe a couple hundred thousand after the sale of his house soon.

16 December 2024 | 21 replies
It's also a couple days work.

19 December 2024 | 8 replies
But separate disconnected units wouldn't be economically efficient or even feasible for assisted living care once they need it.

17 December 2024 | 29 replies
I do have a couple that had appliances already but I don't warrant them in the lease.

11 December 2024 | 8 replies
No problem @Felicia Richardson, if jose isn't able to I have a couple of other contacts I can share that aren't on BP.

18 December 2024 | 13 replies
The small multi family space (4-20 units) seems to be less crowded, but those deals can be hard to manage unless they’re within a couple of hours from where you live so you could manage or turn it yourself if you had to.