We are actually partners in an adult day center that Medicare pays for elderly people to come to during the day to hang out and enjoy a variety of social events.

A family of 5 might think its small, but most families in these homes should be 1-2 adults and 0-2 children.

Just closed on a cash out last Friday 4/29/16Looking to get advices from seasoned creative financing people if I got good deal in term of rate and closing costs. Here are the #'s. Thank you.Purchased rental 18 months ...

I have used credit lines all my adult investing career; basically you are at the mercy of the bank; they can and usually do pull your line of credit sometimes without notice and usually when you need it the most.CREATIVE WAYS TO MAKE MONEY IN REAL ESTATECreate a note on equity you own, alternative create a note on someone else's property with a partnership agreement.Sell that note at a discount to a note buyer, use the cash to buy properties.Use full face value of the note as a down payment for a property you wantRefinance after using your note to pull out cash.Design your note to be subordinate to a first.

I am flipping Adult community property in the south because my retirees go for the better weather in the south, and I am Buying Buy/Hold in the Orlando area to rent to students and young professionals.  

Or even two siblings and a friend or a parent/adult child and a friend.Unrelated people have no bond to tie them, making the relationship easy to dissolve.

Hi @Lane RegisterIt's a best practice to collect applications and screen EVERY adult who will be living in the property or co-signing.

We looked at a foreclosure and next door they were building a duplex ranch for older people as the area is thick with older adults wanting to downsize or get out of houses with stairs.

Finally, many municipalities have occupancy limits and 5 unrelated adults are generally prohibited.I know a bunch of people 5, 10, and 20 years on who's first purchase was fourplex.  

The kids aren't such a big deal, but when adults over the age of 17 start moving into my units without proper background and credit checks, I get annoyed and mad.If I were your/get LL, I would have just evicted you for violation of the lease and left the increase alone.In the end, y'all are either gonna pay it, move, or be evicted.