Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

44
Posts
17
Votes
Jeremy Hazelwood
  • Wholesaler
  • Columbus, OH
17
Votes |
44
Posts

INTENDED TO FLIP BUT WANT TO KEEP TO TURN INTO RES ASSISTED LIVIN

Jeremy Hazelwood
  • Wholesaler
  • Columbus, OH
Posted

So I bought a old 1900s house and completedly transformed it to an amazing property. I have a ton of money into it and the plan was to flip it and walk away. Lately I have decided to get into the senior housing and brought me to the conclusion that I really would want to keep this and turn it into a residental assisted living facility. Problem is we have over 300k of debt in this property and its a burden to keep it empty until we do something. Since we maxed cards to get this one done it brought our scores down to where it is not very easy to refi. I see a ton of potential being 2400 sq ft and the ability to build on to the back. Looking for creative ideas BP?????

Loading replies...