reply
by a searcher
1yr ago
from Harvard University
in Miami, FL, USA
Trying to understand the pros and cons / difficulty for going de-novo in the states of FL or TX vs. buying a facility with ~1mm of cashflow
reply
by a searcher
1yr ago
from American InterContinental University Online
in Newport, RI, USA
Buying a cash flowing assisted living will generate you income from day one. Starting one from scratch whether its a new build or renovate an existing structure takes time and costs you capital for a while before you see a ROI. My recommendation is that if it's your first one, consider an existing assisted living. Once you're settled, you will know if you want a new one or not.