Episode 50 | How to Obtain Funding for an Assisted Living Home
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives into phase three of launching an assisted living business: obtaining funding. Brandon outlines the overall five-phase process, emphasizing the importance of building a strong foundation, finding the right property, securing funding, obtaining licensing, and scaling the business. He shares personal experiences of persistent efforts leading to success despite numerous rejections. Building relationships with lenders and understanding that 'no' often means 'not yet' are key takeaways. Brandon also introduces various financing options and highlights the value of the ALI Mastermind program and free resources available on their website.
00:00 Introduction to Assisted Living Investing
00:16 Overview of the Five Phase Process
00:33 Phase Three: Obtaining Funding
01:33 The Importance of Persistence
04:09 Building Relationships with Lenders
07:41 Different Financing Options
08:36 Recap and Final Thoughts
09:30 Stay Connected and Get More Resources
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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