How To Open An Assisted Living Facility

How to Turn A Small House Into an Assisted Living Facility

In today's real estate market it is easy to buy houses using no money down real estate investing techniques. Sellers would have thrown you off the porch just for asking three years ago, but things are different, and buyers of any kind are hard to find.

There are foreclosure deals in every neighborhood, and home sellers are ready to deal. To get the most out of your small house-to-Assisted Living Facility conversion, you’ll need to get it licensed.

There are exceptions. Consider the technique outlined below if you just want a little taste of the Assisted Living Facility business. This technique also works for picking up little houses other less informed investors pass up.

You might have an elderly parent living in a small who is going to need some type of care in the near future. You can use a technique to open you own little assisted living facility for your aging parent in his or her house.

The additional resident or two you can move in should pay for the cost of the care and may even produce a little of that "rainy day" money I keep hearing about. If you're a CNA or an RN who owns a small house, you may want to consider this technique to open you own Assisted Living Facility right where you live.

I should have charged for putting this on this website.

Oh well, too late now, you get it for free. In Florida, you can “rent” or “lease” your house to a licensed CNA, who can then take care of two other residents who each rent a bedroom in your house/ALF for $4000 per month.

Most states have similar laws. See the the Appendix for a link to the ALF laws in your state. Here’s the good part for you in this type of arrangement: What you charge the CNA for rent is up to you, but it can be included as part, most, or all of his or her salary.

You will need to have either a backup CNA on call/retainer, or you will have to have the numbers to licensed temporary CNA companies.

These companies will have different titles in different states, so I did not try to define them here to avoid confusion. You may have to do a little research on the internet and in the phone book to find them.

The Only Real Estate Investing Course I would Ever Buy These Days

Ok for those of you who have pestered me with email asking for advice on the best way to pick up houses you can convert into high paying ALFs. (I guess you could flip one or two if a deal falls in your lap.)

Here's the Best Information on the Latest Techniques for buying property in today's market.

A Must-Read for Any Potential Assisted Living Facility Owner!