Episode 44 | How To Find the Right House for Your Assisted Living Business
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides an in-depth guide for beginners on finding the perfect property for an assisted living business. Covering essential aspects such as market research and building a strong foundation, Brandon discusses three main property options: purchasing an existing facility, converting a single-family home or commercial property, and leasing. He recommends various resources for each option, including websites like loopnet.com, Zillow, and rent.com, and stresses the importance of working with professional realtors and brokers specializing in senior living. The episode also highlights the benefit of leveraging expert assistance to simplify the acquisition process and ensure successful outcomes, and invites viewers to engage further by subscribing, liking the video, and exploring additional resources on the website.
00:00 Introduction to Assisted Living Investing
00:18 Finding the Right House for Your Assisted Living Business
00:49 Building a Strong Foundation 01:37 Leveraging Market Research
02:22 Types of Properties for Assisted Living
03:19 Where to Search for Property Opportunities
03:28 Using Online Tools to Find Properties
04:37 Free Tools for Home Conversion
05:17 Finding the Right Agent for Your Home Search
05:36 Resources for Renting a Home
05:51 Understanding Landlord Conversations
06:37 Leveraging Free Tools for Property Search
07:28 The Role of Commercial Brokers
09:30 Mastermind Program and Additional Resources
10:04 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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