Episode 54 | Different Financing Options for Assisted Living Businesses
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides beginners through various financing options available for launching an assisted living business. Key topics include SBA funding, conventional mortgages, construction loans, private funding, unsecured loans, seller financing, and subject-to financing. Brandon also provides tips on specific scenarios such as buying an existing home, new builds, and obtaining operating capital. Additional resources like an underwriting calculator, grant writing templates, and a grant accelerator course are highlighted alongside the importance of building relationships with lenders, lending brokers, and commercial brokers.
00:00 Introduction to Assisted Living Investing
00:18 Overview of Financing Options
00:55 Detailed Financing Options
02:50 Financing for Buying an Existing Business
03:49 Financing for Renovating a Home
04:37 Financing for New Construction
05:10 Operating Capital and Additional Funding
06:35 Pro Tips and Mastermind Program
07:35 Exploring Grants
08:46 Key People to Help with Funding
10:09 Conclusion and Next Steps
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
Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics
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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