Downsizing Advice All Seniors Need to Hear


Photo By: Unsplash

Downsizing is becoming common among seniors, and for good reason. For one, it could be the difference between a lower mortgage payment (or none at all), freeing up income for leisure and expenses. It also means a much smaller house to keep up, which improves both safety and accessibility. If you’ve been toying with the idea of downsizing, the following are some pieces of advice you should take to heart.

Is It Time to Downsize?

There’s not a definitive answer to this question because there are several scenarios in which it makes sense to downsize. You could have a home with many rooms going unused or one that isn’t conducive to aging in place, or you may have unmanageable monthly expenses and difficulty keeping up with cleaning and maintenance.

How to Begin the Downsizing Process

You’re downsizing your home, but you’ll also need to downsize everything in it to fit comfortably in your new home. Where do you begin? Well, before you start, there are some smaller details you should handle first before you tackle the downsizing process. Take photos of your home to keep as mementos, sort through/purge paperwork, and label photographs. Decide what you’d like to gift to family and friends, as it isn’t feasible or fair to pay for storage for items they aren’t yet ready to accept.

Once you’ve done this work, you can get started downsizing by first taking inventory of all your things and sorting them into piles to keep, give away, donate, sell, or throw away. Measure your new space with a tape measure so you can determine what furniture will fit and what needs to go. There are some items that you should be able to easily let go of such as duplicate items, unwanted/unworn clothing, miscellaneous gadgets, clutter, and anything you’re currently paying to keep in storage.

Finding the Right Home

Once you see all the homes on the market, you may begin to feel a little overwhelmed. Remind yourself that this simply means you have plenty of options, ensuring you find the right home without making any compromises on wants and needs. So, what should you look for? You might already have your own list of must-haves, but don’t lose sight of the big picture, which is a home that is smaller, accessible, safe, and senior-friendly.

Start by pinpointing the best location, whether that’s near family or close to stores, health care facilities, and entertainment. Don’t forget about senior-specific amenities as well, such as the size and layout. For example, a claw-foot tub is gorgeous, but an accessible bathtub/shower is both reasonable and safe. You will likely find that whatever home you choose needs some modifications to make it accessible, such as grab bars, ramps, or widened doorways, so be sure to factor this into the price.

However, it is important to note that downsizing doesn’t necessarily mean moving to a smaller home. If you need additional assistance with activities of daily living, your health has declined, or you’re experiencing safety concerns such as trips, falls, or confusion, now could be the time to put some serious thought into downsizing to an assisted living facility. Schedule some assisted living tours, and you’ll see that assisted living may not be what you’d expect because you can still be self-sufficient in this environment. The average monthly assisted living cost in Orlando ranges anywhere from $1,500 to $7,770, so you’ll want to do an extensive search and take your time.

Many seniors have to downsize. Instead of toying with the idea, take the first step in actually doing it. Although it’s a big step, the benefits of doing so make it a leap worth taking in your golden years.

Guest Post By:

Michael Longsdon

mike@elderfreedom.net

Elder Freedom – Empower the Elderly

http://elderfreedom.net

Investment Property Loans for Investors and Small Business Owners.


Mortgage Solutions Designed for Hard-to-Qualify Borrowers.

Flexible Investment Property Loans.

Regardless if you are a seasoned real estate investor, a savvy house-flipper or an entrepreneur in need of your first real estate loan, my lender partner can help you finance your vision.  

They offer asset-based financing that rivals hard money. And because time is money, their loan processing is fast and streamlined so you’re on your way to realizing your vision quickly. These loans are perfect for short-term, long-term or fix-and-flip transactions.

Their flexible investment property and small commercial loans are available for: 

  • Investor
  • 1-4 Multi-Family
  • Mixed-Use
  • Retail Office
  • Automotive
  • Warehouse/Self-Storage

30-year Investor Loans with No Balloon.

Consider locking in the historically low rates with no balloon payments.

The loan is designed for investors seeking a simple financing solution for purchase or refinances, with the flexibility to remain in the loan for up to 30 years.

This loan eliminates the balloon payment associated with private money loans, along with the rate hikes of adjustable-rate mortgages.

Because the FlexPerm loan is asset-based, it’s perfect for independent, buy-and-hold real estate investors and small business owners who are tough to qualify.  

Key Features:

  • Great for qualifying W-2, self-employed investors and small business owners.
  • Based on the property value and its revenue-generating potential.
  • Best alternative to hard money loans.
  • Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.

Loans for Fix-and-Flip Investors.

Fast and flexible fix-and-flip loans for real estate investors

Renovations can be hard work. Arranging the right financing solution should be simple and quick. 

In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.

Their ARV loan is designed for independent real estate investors who are often tough to qualify. Based on the property’s “as repaired value” (ARV), it’s the best short-term, interest-only solution for acquiring and improving property value for fix-and-flip investors. 

Key Features

• Allows borrowers to finance improvements.

• Great for borrowers who need a quick close.

• An interest-only 1-year term provides lower monthly payments.

• A higher LTV than hard money lenders.

• Available for Investor 1-4 properties (SFR, condo and 2-4 units).

Even if you have a bankruptcy, you can still get financed after 24 months after the discharge date.

Quick and Easy Qualification for Investors and Small Business Owners With Credit Issues

Investing in residential and commercial properties is a long-term commitment so why should your options be limited? If you’re looking for an easy and quick qualification for your investment property loan, and you have credit issues and high equity, I can help.  

Whether it’s a purchase or refinance, this loan offers easy credit requirements for your residential investment and small commercial properties. 

Key Features:

• Great for borrowers with a recent bankruptcy or notice of default.

• No seasoning of ownership required.

• Derogatory mortgage history is OK.

• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.

Contact me today.

323-632-3279. Greg@Fixandflippers.com

Developer Special Highland Park Opportunity.



Zoned RD 1.5Build Up To Five Units

In the Heart of North East Los Angeles!

340 N. Ave 51 Los Angeles, CA 90042

This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).

This is a hot area, with a large amount of development going on by investors and builders.

It will be delivered vacant, which is always our first concern.

There is value in this project, whichever strategy you initiate.
We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city. 

Take a look at the numbers:
– existing single-family home, 3 beds and 1 bath, is 1314 sf
– great lot size! 8242 sf
Delivered vacant!
– closing date is August 30
– EMD is $10,000
– Purchase Price is $765,000

Contact me Today before it’s Gone.

Hard Money and Private Funds Available for Investors


Hard Money & Private Funds Available for Investors
Loans from $75,000
Not many lenders arrange loans as small as $50,000. We will!
Fix and Flip
We lend up to 90% of the purchase price and 100% of the renovation budget. In addition, we don’t charge interest payments on the rehab dollars until it is drawn.
Competitive rates and fees 
You came to the right place if you are looking for a private or institutional hard money!
Bail Out Loans
An equity-based program. If we can keep it under 65% LTV, we can bail
you out in 7-10 days. (Only CA and TX)
Commercial, Land, Agricultural and Specialty Properties
Commercial, apartments, land, Wearhouse, partially completed construction projects, industrial, automotive and many other types of properties are those we lend on.
2nd and 3rd Mortgages
We arrange second and third mortgages every month.  (Only CA, TX)
Construction Completion/Development Project
Got construction project? We have multiple ways to structure your file, so you can complete your project and get it sold!
Business/Merchant Funding
Do you need working capital/payroll/expansion for your business? We
can fund in 5-7 days. To qualify, all we require is the business to be
established for at least 6 months and provide 6 months business and
credit card-merchant processing statements. 
                                                                     
Long Term Rental Loan Programs                                                                      We offer 5,7,10 and 30-year fixed term, starting at 5.875% rate and can
leverage up to 85% LTV

Developer Special on Large Los Angeles Lot


Large R3 Property in L.A. County Area!

$17K PRICE REDUCTION!

Take a second look at this great L.A. County property now that we’ve negotiated a nice price reduction. 

It’s a single-family home on a 9200+ sf lot, perfect for building multiple units. There are apartments and other multi-family properties on the same block, and this property is primed for development!


Here are the details: 
Existing single family home is 3+2- 1306 square feet

Lot size 9233 sf

EMD is $10,000

Closing date is July 23

Strategy is to build multiple units and hold for income or sell once built and/or occupied

Purchase Price is now just $475,000

*ACCESS IS BY APPOINTMENT ONLY* 

Duplex near USC available! Investor Special.


510 E. 48th Street Los Angeles, CA 90011


Here’s a duplex in L.A. near USC! The property is zoned LAR2, and is currently rented at below market rents, which is one reason we obtained the large discount from list price.  The tenants can be relocated with the proper allowance, so take that into account when doing the math.

It’s a very nice street on the north end of South L.A., and has potential to be a great long-term income property once fixed and rented.


Here are the details: 
– existing two units 1/1 up and 2/1 down- 2168 square feet- lot size 5480 sf- EMD is $10,000- closing date is July 23- tenants paying just $500 each ($1000 total)


– Purchase Price is $450,000 (it’s currently listed for $510,000)-

Remodel cost guesstimate $80,000-ARV around $630,000