Researching Assisted Living - Independent Living (NY/NJ/CT)

[Nic Gueye]

I am researching opening an assisted living group home in NY, NJ or CT.  Since I am still in research phase, I am looking to this forum for any other investors who have found success in these geographical areas.  If there are remote/absentee investors in other locations, I would love to also hear from you.  

I am leaning towards starting off with an unlicensed independent living facility (where no medical supervision is necessary) and have identified some counties where this strategy would be more beneficial than other locations.  Eventually, I would like to build towards licensed assisted living facilities.

With the current administration's cutbacks to VA and other medical benefits, I am wondering how this has impacted current owners' revenues and what's the projected forecast in the coming years. I still have so much more to learn (and yes I know there are RAL courses), but I also want to tap into the collective wealth of experiences here on BP.

I am also actively searching for realtors who have assisted clients with these types of investments. 

Looking forward to the discussions!