Assisted Living Centers

I stumbled accross an assisted living center right here in Idaho Falls that has huge cash flow. It is about 30% plus cap rate which is unheard of.

The problem is I know for a fact I can get financing on the home itself. It is the business, that I am worried about getting financing on.

I made an offer to buy the home with 10% down. I also am trying to get the owner to carry the rest of the business amortized over 15 years with a balloon after 7 years.

If this goes through, this should be a great flowing investment.

Assisted living centers really do have even more potential as the baby boomers get older and will drive the need for these places upward.

I will let you know if this goes through.

Thanks Burke Bennett

http://www.seidahohomes.com/

208 589 5599

burkebennett@hotmail.com