- Differentiate. Begin the wave, the tsunami; it’s unstoppable.
What do other investors do? What kind of competition do you have? Do you know anybody who’s doing fix and flip wholesale, foreclosures, short sales? Maybe they’re doing just rent homes or apartments or storage units or notes. That’s exactly what most people do when it comes to real estate investing.
Every RIA that you go to, every meeting that you attend, that’s what the competition is doing, and you’re competing directly head-to-head with them. I understand it’s camaraderie, it’s about teammates. The truth is that you’re competing with them.
How many people do you know that are doing assisted living? Very few. How many people do you know that are aging in your area? Everybody.
This is something that is needed, very few people are doing it. – Tweet this!
You’re at the beginning of this wave, this tsunami, that’s unstoppable.
- Residential Assisted Living. The time is NOW!
Why residential assisted living? Why now, and why you? – Tweet this!
It gives you what you want: the ability to have significant residual income, the ability to help other people, the ability to provide for your long-term care and leave a legacy.
- How will you do this?
You could own the real estate, and lease it to somebody else, get twice the fair market rent. – Tweet this!
Better choice. Own the real estate and operate the business. – Tweet this!
You will make the lion’s share.
The #3 Option: just figure it out, or let your kids figure it out. They’ll be paying five to 10 thousand a month to take care of you. This is not a great solution.
If nothing else, do one of these homes so you can make lots of money today, help people today, retire, give the money away if you don’t need it, and then you’ve got a solution for yourself when it’s time for you to move into the home. Don’t leave your kids with a burden. Leave them with a solution that produces cashflow even after you’re gone.
This is the legacy that we talk about.
- How fast you could do this?
- Well the slowest way is to buy land, get a plan, go to the city. It’s will take you a year or two or three.
- Faster, buy an existing home in the right location. Renovate it; get it up and running, six to 12 months.
- Even faster, buy an existing licensed home, and we’ll show you exactly how to do that. Even faster, own the real estate and lease it to the operator.
- Fastest of all, be the lender, just the private lender who lends money on the real estate or the business.
- Here’s a secret.
This is the easiest thing I’ve ever raised capital for. If you’ve tried to raise money, private capital, from other people before you probably had a hard time,
This is the easiest thing you will ever raise capital for. – Tweet this!
You talk to people about senior housing and residential living and the megatrend of the baby boomers, their question is, “How much? When can I get in? I want to be a part of this.” We will teach you how to raise capital, how to do it, how to even go to the banks and do it. You absolutely can.
Do Good and do Well!
Founder of the Residential Assisted Living Academy