I’m a former developer and operator of assisted living facilities, and now I do ALF brokerage in addition to my own investing. Unless you have experience operating ALFs or partner with someone who does, I would strongly recommend you stay on the investment side of the business and not the operations. There are opportunities across the country but some states have regulations that are more ALF friendly. Visit ALFA.org - it’s the national trade association for ALFs and has lots of info. Good luck.
I currently live in Seattle, Washington and I’ve been considering moving to a market that is more conducive to someone with minimal capital to gain entry into Mobile Home Parks and Assisted Living for Senior citizens. I’ve looked on Real Estate Journal.com and other resources but I was wondering what market indicators do the professionals, such as yourselves use to determine the best markets to live and invest? In other words, what sources do you pull from to determine a progressive market?
ie:
Projected population growth?
Median household incomes?
Annual cost-of-living indexes?
Average tax burden?
Am I missing something? Of course I am, please share.