A theory is just a theory. #realestate #money #realestateinvesting #realestateagent #investment

20 Jul 2023 · 1 min

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0:58

Steve D Valentine discusses real-estate investment options in a short YouTube clip, weighing splitting a parcel to build three spec homes against developing a small assisted-living facility. He highlights challenges like freeway (51) noise affecting resale, local market demand for nearby senior care, typical assisted-living costs ($5k–$7k/month per resident), and licensing/build considerations (up to 10 beds).

Questions this video answers

$5,000 to $7,000 per month.

Up to 10 beds/bedrooms.

Chapters

Is can we split it into three lots and build three spec homes? And the problem with that theory is, is that, yeah, it's great in theory, but you've got the 51 here. So, you know, freeway noise is a problem when you're going through that resale, it's going to take longer. When you're looking at potentially an assisted living facility, which is what we're looking at. Is the road noise really an issue? And we're also looking at the area that we're in where there's a lot of money in this area. And what do they want? They want to keep their parents or their loved ones close to them where they can visit and they don't have to drive around. And most assisted living facilities are a house conform to assisted living rather than a place really built for assisted living. So we've got some friends that have some relatives in them. We had a conversation with it on Saturday night and you know, you could pay anywhere from five to $7,000 a month for assisted living for one person. And if you build it right, which is for licensing up to 10 beds, if you have 10 bedrooms, you could be $7,000 a month per person, which might make a little bit different type of investment for a passive income business.