Hey all,
So the idea of this has slowly been marinating in my mind as a meshing of my interest in real estate and my wife's concern for the elderly. I've been wanting to get into a more 'hands-on' form of real estate versus investing in REITs (in which case I'm not really invested all that much), and I've been subscribing to MLS listings via my realtor. I've seen several properties that have come up as assisted-living homes for sale where the owner is selling either the property or business or both. This is in SoCal BTW so pricing is pretty high in general. But I am curious to know more about the business and wondering if any of you here have done or are doing this, or if you are familiar at all. My wife has expressed to me that she enjoys spending time with and caring for the elderly - it's one of her passions. I think she would have been great if she had gone into nursing (she got her degree in Math and Accounting). In any case, I realize that just because you like to do something doesn't necessarily mean that it would be great to do as a job. At the same time, if you can get paid for something you don't consider "work" all the better right?! I feel like it is sort of a glass half-full/glass half-empty kind of thing...
Anyway, just wanted to get some input/feedback on these kinds of opportunities and some of your experiences or experiences that you've heard of directly/indirectly. We have two small kids and may try for one more. So this isn't something immediately on the radar in the near-term. Possibly more of a longer-term idea that could lead to supporting us more 'passively' in the future and long-run.
