Episode 68 | How Much Does It ACTUALLY Cost to Start a Residential Assisted Living in 2025
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson dives into the financial aspects of starting a residential assisted living business in 2025. He discusses key factors affecting startup costs, including real estate value, business value, and different types of loans (SBA, conventional mortgages, private loans). Brandon also touches on renovation costs, licensing fees, and the importance of having operating capital. He offers advice on building a solid business foundation, underwriting, finding funding partners, and drafting operating agreements. Listeners are encouraged to engage with the content by asking questions and accessing resources like the free underwriting calculator and business planning guide available on the Assisted Living Investing website.
00:00 Introduction to Assisted Living Investing
00:21 Understanding Startup Costs for 2025
01:09 Key Factors Influencing Costs
04:09 Loan Types and Down Payments
07:21 Finding Funding Partners
11:28 Recap 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
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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