Assisted Living Facilities
3 Replies
Karla Talancon
Real Estate Agent from Redwood City, Ca
posted over 3 years ago
Does any one want to partner or coach me on assisted living facilities in the Houston area? does anyone want to share tips or advice on this subject? Anything helps!!
Ronald Rohde
Attorney from Dallas, TX
replied over 3 years ago
Hi Karla,
I have developed over a dozen ALF in Alabama and Texas. I currently am taking clients interested in building or acquiring assisted living. The regulation and management are the most important pieces, it is a bit more than just another multi-family property.
Karen Schimpf
Lender from Nat'l Commercial Mtg Lender - Round Rock, TX
replied over 3 years ago
@Karla Taloncon, One of the requirements for getting financing for an assisted living facility is showing experience. For your first deal, many newbies will find a management company but the cost sometimes is cost prohibitive for the deal to make sense. I suggest looking for a partner that has industry experience.
James W.
Investor from Houston, Texas
replied over 3 years ago
@Ronald Rohde PM me please. I am an experienced investor in the DFW area in 2-4 MFs, and would like to hear about assisted living facilities...