Episode 69 | Top Funding Partners for Assisted Living
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson guides aspiring entrepreneurs through the crucial process of securing the right funding partners for their assisted living business. He delves into the types of funding partners available—private investors, joint venture partners, institutional firms, friends and family, real estate syndications, traditional bank financing, and government programs and grants. Brandon shares insights from his extensive experience in the healthcare and assisted living industry, offering practical advice on building a solid business foundation, showcasing expertise, networking, and maintaining transparency. He also addresses common challenges like misaligned goals and finding the right partners, and offers strategies to overcome them.
00:00 Introduction to the Podcast
00:28 Importance of Funding Partners
01:22 Host's Background and Expertise
02:35 Benefits of Working with Funding Partners
05:07 Types of Funding Partners
05:20 Private Investors and Joint Ventures
08:08 Institutional Firms and Family Partnerships
12:20 Real Estate Syndication and Bank Financing
15:42 Government Programs and Grants
17:26 Attracting Funding Partners
18:41 Showcasing Your Expertise
19:17 Building Relationships and Networking
21:20 The Importance of Transparency
22:28 Common Challenges with Funding Partners
25:26 Handling Disagreements and Challenges
28:26 Connecting with Potential Partners
30:33 Q&A and Resources
34:26 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
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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