Updated over 4 years ago on . Most recent reply
Does anyone here invest in Residential Assisted Living?
Hi, I came across RAL (Residential Assisted Living). I am wondering who invest on this arm of Real Estate, what area would you recommend and financing approach?
Thanks
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
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- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
We own 2 group homes. This is a great field, but is highly hands on, with a lot of regulations. I would suggest buying existing buildings that already have the staff in place. Two big factors in your profitability: First, keeping your residents alive and the bedrooms full, 2nd is keeping good staff.