Episode 41 | How to Raise Money for Investing in Assisted Living
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson introduces the essentials of starting an assisted living business. The focus is on raising funds and building solid business foundations. Brandon shares his experiences and offers guidance on securing traditional and creative funding. He emphasizes the importance of creating a robust business foundation, developing a comprehensive business plan, and avoiding common pitfalls like over-leveraging. The episode also explores various funding options, including traditional bank loans, SBA loans, private investors, partnerships, and grants. Brandon encourages networking through local events, investment clubs, and online platforms to connect with private investors
00:00 Introduction to the Podcast
01:09 Host Introduction and Background
02:04 Today's Topic: Raising Money for Assisted Living
02:38 Understanding Funding Needs
04:27 Building a Strong Business Foundation
07:02 Traditional Funding Options
08:50 Exploring Creative Funding
12:28 Finding and Working with Private Investors
18:21 Avoiding Common Pitfalls
21:34 Conclusion and Final Thoughts
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
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