Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there.
Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties.
She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even greater profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most.
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Here’s Why You Should Consider Investing in Senior Living:
https://www.biggerpockets.com/blog/invest-senior-living?utm_source=youtube&utm_medium=description&utm_campaign=none
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Should You Invest In Senior Housing (And Is Now the Right Time)?
https://www.biggerpockets.com/blog/senior-housing-2020?utm_source=youtube&utm_medium=description&utm_campaign=none
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Visit Isabelle’s Site:
http://www.RAL101.com
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Genworth’s Cost of Care Survey:
https://www.genworth.com/aging-and-you/finances/cost-of-care.html
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Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
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Episode 671
Show notes at: https://www.biggerpockets.com/blog/real-estate-671?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
03:08 Quick Tip
04:00 Building Better Facilities
08:32 The Sweet Spot for Assisted Living Investments
14:58 The Most Recession-Resistant Investment?
24:56 Finding and Financing Assisted Living Properties
37:32 Assisted Living Arbitrage and Deal Killers
43:41 How to Get Started
53:47 Deal Deep Dive
01:00:17 Famous Four
#biggerpockets #realestatepodcast #episode671