Rental Property Investor · Los Angeles · Member since 2019 · 1 post · 0 votes
With the Baby boomer population hitting age 65 at a rate of 10,000 per day for the next 19 years, Senior housing is poised to be a booming sector of real estate. The average resident for assisted living is 81 years old which mean that the baby boomer generation is about 8 years from hitting this sector. The average cost per bed is about $9,000 per months which makes seniors housing a great cash flow investment.
The thing is that this is a business not real estate investing, it is not set it and forget it, and many states are putting more and more regulations on it to protect seniors.
I think it is a great niche to get involved in. The issue though is being able to utilize pre-existing properties to incorporate the affordable housing aspect into this. Im sure being from California that you would understand that pension companies are going bust, so the real challenge will be housing this massive population in something they can afford.