As with any investment, it’s important to do the proper due diligence to know where your hard-earned money is going. When it comes to senior living investments, some think it’s similar to the traditional multifamily, office or industrial properties they have invested in before. Although in some instances this may be true, senior housing and care have some specific differences from other property types that are important to know before you invest.
You’ve probably noticed senior housing and care has become a popular asset class among both institutional and individual investors in recent years. It has already outperformed other noted real estate sectors and we believe it will continue to be a favorable opportunity due to impressive demographic fundamentals.
Once you know and understand the basics of senior housing as an investment opportunity, it is clear why some people see this type of real estate as an attractive area to invest in. Additionally, senior housing is recognized within real estate portfolios as a way to diversify across other core properties.
You’ve heard of the 45-day Identification Period deadline, and you know you should have 180 days total to complete your 1031 exchange, but did you know that your tax return due date could deny you a full 180-day Exchange Period?
Selling an asset for significantly more than you paid to acquire it always brings gratification. You’ve made a good investment and earned the reward. I’m sure you have plenty of ideas for how you’d like to use it: save it, get out of debt, pay for that item that has so far been out of your financial reach, reinvest it, etc. Oh so many options…
CrowdPay is an FDIC insured bank account that you can use to purchase investment opportunities. You fund your CrowdPay account by ACH or wire transfer. All future dividends, interest payments, as well as revenue sharing payments will be placed into your CrowdPay account. You have the option to transfer funds into the account, withdraw funds from the account, or purchase additional assets at any time.
The account is held by GoldStar Trust Company, a trust only branch of Happy State Bank, and cash that accumulates in your new CrowdPay account is FDIC insured. Please follow the below link for additional important information regarding your CrowdPay account.