How to Start a Profitable Assisted Living Business

Transcript

00:00:02
Hey friend, it's Brandon Gustafson with Assisted Living Investing. Excited to have you here with me on the channel for our live today. Today we're going to be talking about, do you need some help getting things started with your assisted living business? And give a little bit of insight into the types of things that I can do to help you out.

00:00:18
At Assisted Living Investing, I'm here to help beginners like you launch their assisted living business. And so I really wanted to dive into that a little bit today and get really specific on the things that I can do to help you out and give you some guidance as you're trying to launch your assisted living business.

00:00:35
With that said, I want to remind you to go grab the free business planning business plan checklist as well. If you go to assistedlivinginvesting.net slash BP checklist, you can go and grab that assistedlivinginvesting.net slash BP checklist. We've got that going down across the bottom here for you as well. And I'm going to throw this up on the screen so you can see that there as well. Just trying to transition this.

00:01:04
thing over so we can get on to the Facebook group. We've been having some issues on Facebook lately and I think, hope they have been resolved. So...

00:01:16
post that there. Okay, cool. So for those of you that are new, that have never watched one of my videos before, would love to have you just type in newbie so I can see who's here. I love seeing all the new people that are here, but to give you a little bit of an introduction as to who I am, my name is Brandon Gustafson. I own and operate two assisted living facilities. I do this out of state and I have done this since 2020. So I have, I live in Utah. I have a facility in

00:01:45
And I have been doing this for since 2020. I have a master's in healthcare administration, have a lot of experience in the healthcare industry, have secured over one and a half million dollars in SBA funding. And just I love working in healthcare, love being able to give back and helping people.

00:02:00
in that area. And I love teaching and coaching people as well. Prior to getting into assisted living, I actually taught at the University of Utah master's level students around healthcare analytics. So I love, I just kind of love being in this space. We've got a bunch of time here at the end of the call for Q&A. So if you have questions as we're going through this about anything we're talking about or just anything in general, please type in those questions as we go.

00:02:28
And I will try to stay on top of the chat as as we're going in here. I just want to make sure that we are you're able to hear me. So if you guys can just like give me a one or a thumbs up or or something in the chat, just so I make sure that you guys can hear me. The people that are live, that would be super helpful. So with that said, I want to give a let's see.

00:02:51
There we go. I am on the wrong thing. Hold on a second. Let me take down my screen and go over to get on the right one. I'm sorry. I picked the wrong presentation to show you guys. And now I'm flustered. There we go. That's the one I wanted.

00:03:21
Technology is great, but sometimes it just it just doesn't work the way you want it to. OK. And add that. To the scene. Yeah, let's. Let me take that down one second. We will get this all set up here in just a second. I apologize.

00:03:52
All right, that's the one I want. And we're going to make that a bigger screen. All righty, there we go.

00:04:04
can I help you with your assisted living business? That's what we're talking about today. I apologize for the delays there. Type in newbie. My name is Brandon. Okay, let's talk about where you are in the process. So what I found after talking to a bunch of people, there's a lot of you that are kind of in different areas in the process as you're trying to, to move things along and get started. You're either just trying to understand the basics, like you don't

00:04:27
You think you want to do assisted living, but you don't know for sure. You want to understand the basics of how to get started and what that entails. If that's you, type in basics down below. We'd love to see who here is in that kind of realm of your journey.

00:04:43
next is going to be looking for a step-by-step process you've decided i want to get into assisted living i really want to do this i want to move forward with it and and i know i want to to move forward i just i'm not sure exactly how to do it and i need a step-by-step process so if you just type in step by step down below

00:05:00
And then there's a group of you that want some coaching and some guidance and you need some help as you're going through it. Because let's be honest, trying to start an assisted living business, it's complex. There's a lot of stuff that goes into it. There's a lot that you're going to have to try to navigate and try to just figure out where you need to go and what steps you need to take and not make mistakes and all of the things that go with it.

00:05:26
If that's you, then type in guidance down below. I would love to see where you fit in the group of those people there as you're trying to move things along and really launch your assisted living business. All right, so what I wanna do is kind of help you out in each of those phases, show you how I can help you out in understanding, just getting some guidance in each of those phases as well. Just so you understand,

00:05:55
The ways that you can receive the guidance that you need. And if you're at the basic phase, being here, watching me on YouTube, Facebook, Instagram, LinkedIn, consuming the content that I gave you that's for free, that is a great way for you to move things forward. But if you want some extra guidance and

00:06:12
and some courses and some things like that. I have a perfect product for you. It's called both the launch pad. Um, and this covers the basics. I teach a phase process as you're trying to launch your assisted living business. And phase one is all about building the business foundation. It is the thing that you need to have. If you're going to move into launching an assisted living business, it's, it's absolutely crucial. And it's a lot of, it's something that a lot of people skip over and they, they just don't teach you a lot about. So,

00:06:42
Inside of my Launchpad bundle that I give to people, we combined all of the kind of basic things that I have into a nice little concise bundle for you to make it easy for you to move forward and have everything that you need rather than just pieces of it to really build that foundation and determine if assisted living is a good fit for you.

00:07:05
so inside of the the launchpad bundle what we're what we're doing is we have the the business planning guide uh we we talk about in that we do an overview of the underwriting calculator that i gave you just go to assistedlivinginvesting.net big blue box in the top right corner you can go and and grab that tool free tool business planning guide goes really in depth in how to use that calculator how to underwrite how it works

00:07:30
and how to manipulate it so you can be successful. The Business Foundation's Basics. This is a workshop that we did a few months ago, and it's all about how to build a business plan. It is a workshop style. Build a business plan with me, and we're going to help you build that business plan, which is so beneficial. It will save you so much time and money as you are getting into the phase of talking with lenders and trying to talk to...

00:07:54
the city zoning and planning people when you're talking to try to get your license. It allows you to have all this information in one place, helps streamline things in your mind to have good, solid conversations and just makes everything go so much more smoothly.

00:08:10
The Underwrite With Me, it's a masterclass that I did for my mastermind students. And I felt like, you know, this is a tool that I think you will benefit from immensely as you're trying to move things along and determine if this is a financially viable opportunity for you to get into assisted living.

00:08:29
And it goes in tandem with the business planning guide. The business planning guide is, Hey, this is the nuts and bolts. This is each tab inside of the calculator. This is how they work and everything together. The underwrite with me masterclass is a, I'm going to give you an actual example. I'm going to underwrite it with you. You can see how it works and if it is profitable or not. And would I do the deal or not? And I think you'll be really surprised by the results at what I go in there. Cause I'm not going to just like give you something that is absolutely huge.

00:08:56
good, I'm giving you something that's on the line of whether or not I would do it because I want it to be real for you so you can determine if it's a good fit for you or not. It's a really valuable class there for you as well.

00:09:08
The market research guide is a tool that I created and we update on an annual basis where I give you the top markets for assisted living. Right now it's very much based off of trends for where people are moving and moving from. So you can see where to go. But this next year we plan on going and being a lot more robust with that even and getting more information about staffing and wages and things like that and putting more information in there. I'm super excited about that.

00:09:34
And then I also throw in an extra bonus for you. That's my grant funding foundations. If you're interested in grants, I talk about grants quite a bit on the channel because I've done $1.2 million in grant funding for my assistant businesses and throughout my professional career have secured multi-millions of dollars in grants. I understand that process quite well. So if you are interested in grant, type in grants down below and we'll make sure you get any special links there that I have for you specifically.

00:10:05
That's a ton of stuff and that all helps you build the foundation. It's what you need. If you don't know is assisted living right for me, should I get started? I don't know how to begin. This is the tool that that is going to help you begin. It's going to really help you build this platform that you can launch and be successful as you're trying to move forward and get things started on your assisted living business.

00:10:30
journey and helping you make that progress. So that's what the launchpad is for. The next piece of this is the step-by-step guide. So at the beginning of the video today, we were talking about there's those three phases. The second phase is you need a step-by-step guide. You, you know, you want to get into assisted living. You know, you want to make some progress there. You, you're committed to the idea, but you just, you're confused at this point. Now you're just like, I don't like, there's so many things. I don't know.

00:10:57
which where I should start and the actions I should be taking. You don't understand that. And that is exactly what the accelerator program is. So inside of the accelerator program, I take you through that five phase approach that we were just talking about just a second ago. So phase one is building the business foundation, which is what the launch pad is all about.

00:11:17
But you're gonna build that foundation phase two is finding the perfect property and this could be something that you buy And then you're going to convert it could be an existing home could be something you want to build from the ground up It could be any of those things. There's so many ways to get into this but it's helping you identify At home how to have those conversations with city zoning and planning with a fire department

00:11:42
get your certificate of occupancy. It's trying to understand all of that. And I really help you out through that process in the accelerator, give you some step-by-step guidance on how you can move things forward.

00:11:53
Phase three is obtaining the funding. And I have a lot of experience with the SBA. As I mentioned earlier, I've secured over one and a half million in SBA. I know how to do, I've done three deals. I know how to work with those lenders, what they need, all the paperwork and everything like that. But everything that I learned and I teach you about with dealing with the SBA is applicable to any other lender. It's getting your paperwork together. It's being responsive. It's how to work with those lenders to really help you get

00:12:21
them either feel horrible that they have to tell you, no, we can't work with you, which is a goal that I always have, or to say yes, which is the other goal that I have. I want them to want to work with me. And I do that through the process that I teach you here in the Accelerator of getting everything put together, how to talk with lenders and how to work with them. Super valuable tool.

00:12:43
Phase four is all about navigating all of the rules and regulations that come with assisted living. There's so many. And that part can feel overwhelming, all the red tape that exists there.

00:12:56
I'll be honest, it can wild to figure it out, but you can do it. And I give you some guidance here on the different license types and how to have those conversations with people that are doing the licensing and how to find the right department to talk to. And if you want to do Medicaid, how to get into Medicaid and how to work with that population there and how to get certified.

00:13:15
and make sure that payments are coming in and everything that that is involved with that and to make sure that comes together as you're trying to to get the house ready and trying to get the funding ready and you're trying to get the license and getting all of those things to come together at the right time so you're not wasting and losing money it's difficult and so i teach you how to do that here inside of the accelerator and then phase five is all about launching and scaling your business so once you

00:13:43
get in i talked about this in a previous video but one day you're going to work so hard you are going to you're going to make some some significant progress towards launching your assisted living business it's going to be amazing you're going to find the perfect house you're going to get the funding you're going to get the license it's all going to come together you're going to celebrate that night like you're going to go out to dinner your favorite restaurant you're going to have an incredible time it's going to be like the best night of your life and then the next day you're going to wake up

00:14:12
And it's going to hit you like a ton of bricks. Crap, now I've got to buy all the food for the residents. I've got to pay all my staff and make sure I have all these lives, my staff and my residents. They are relying on me to do all of this stuff. And now I've got to run this business. So how am I going to do that? And that's what Phase 5 is all about.

00:14:34
helping you launch that business, helping you scale it, helping you implement certain different types of software and processes that are going to allow you to run a successful business. That's what we go through phase five. The accelerator has

00:14:48
some incredible bonuses in it. I was just reviewing it as we were upgrading the content in there over the past few weeks. I was blown away at some of the bonuses that I give you in there and like the resource documents, there is some incredible information in there can really help you launch this assisted living business and make some good progress, including a very robust checklist of the things that you should be doing in each of those phases to help you launch the assisted living business.

00:15:15
That is the accelerator. That's the step-by-step process. That's what we teach inside of there and helping you really move things along as you're trying to launch that assisted living business. And then the third thing, the third thing that I offer for you is coaching. It's my mastermind program.

00:15:30
in there we go through i give you all the courses that i have so everything in the launchpad everything in the accelerator you get access to all of those the five phase process we do that you get monthly q a coaching with me you can ask me questions um there those are recorded once you're in the site of the mastermind you get all of the recordings of of those q a sessions so you can go back and see what questions people ask we try to be pretty descriptive of of the conversations that are happening there so they're easy to find

00:15:59
inside of the mastermind inside of our vault where we have all this information we do a monthly master class where i get in and teach you about a specific thing so we've done things on how to find properties um online like zillow um or redfin or we've gone into how to find commercial properties and facilities that are actually for sale and biz by cell crexie lupinet

00:16:22
We've gone through how to fill out an application. We've gone through underwriting a few times in different master classes and building a business plan and really helping you along the path to doing those five phases to launch that assisted living business. We put those out on a monthly basis.

00:16:37
And largely they're based off of what I'm seeing inside of our community are the needs. And that's another big one is the community. I love the community and being in there and interacting with people. I'm in there multiple times a day to make sure I'm answering any questions that come up that you need help with to make sure that you're getting the help that you need in the moment that you need it.

00:16:57
to help you make the progress that you need. And you can interact and network with other people inside of the community, which is super valuable. Earlier this year, or I guess last year as of the recording of this, the group there was doing some weekly meetings as well, which was huge for them to build relationships with people and a lot of fun to see, especially from my perspective. And you get some direct access to me. So we do a couple of calls, one-on-one calls throughout the course of

00:17:27
of the mastermind. It's a 12 month program. You can extend if you'd like to, but you get two of those and you get access to me via email and or messenger or whatever format is going to work best for you. And I can answer those questions for you, really help you out, give you very specific guidance on where you're trying to go and helping you launch that assisted living business. So that's what we talk about inside of the mastermind and how I can help you out there.

00:17:50
So if you are interested in any of these different programs, depending on where you're at, where you fit, if it's basics or you need that step by step or you want the coaching, this is where you can go. So if you go to assistedlivinginvesting.net slash launchpad, that'll get you to the launchpad bundle. If you go to assistedlivinginvesting.net slash ALA for Assisted Living Accelerator, that's where you can get the accelerator.

00:18:14
and i actually have a really cool opportunity for you there where you can pay an upgrade and get access to the mastermind for two months inside of that so you can test out the mastermind and see if it's a good fit for you so incredible just go to assistedlivinginvesting.net ala and and check that out for the step-by-step guidance and if you know that the mastermind is the perfect thing for you and you want to get into i actually do an application process because i want to make sure that i can help you

00:18:41
and see where you're at on the path. If you go to alimastermind.com, you can fill that application out. It takes you about five minutes, and then I can review that and make sure I can really help you along your path to launching your assisted living business. So again, that's alimastermind.com.

00:18:58
All right, so those are the different programs, the different ways that I can help you out as you're trying to launch your assisted living business and really make some good progress. As of the recording of this until tomorrow, we are doing our kickoff sell. So if you go to assistedlivinginvesting.net slash kick-off-sell, you should be able to get access to that. After tomorrow, prices are going up on our products.

00:19:28
And, um, we, the cell will go away. I'll keep this, the, the URL active. So you can see what is currently available, but, um, the cells and the promos and things that we're doing are only active until tomorrow, which is January 15th, uh, 2025. So, um, if you want, you know, you want to move forward, this is a great time for you to jump in. If not, then I'd still love to help you out. So if you're watching this after the fact, I would love to help you out there for sure.

00:19:55
right let's get into some questions here um i've got we've got quite a few people here got a bunch of comments and questions so let's dive into those um robin um do i have to acquire an existing business to get approved for an spa loan um no not necessarily um so you'll see this a lot in the franchise world um franchises

00:20:15
You are not buying an existing business. You're buying a franchise concept and you can get SBA funding there. And there are franchise opportunities inside of assisted living. I'm aware of Beehive Homes, had conversations with the people at Majestic actually have. If you're interested in working with Majestic, please reach out to me because I can get you a little bit of a discount for their franchise fee as you're trying to move things along. So if you want to do that, SBA will help out there.

00:20:44
I also have a friend who is building something from the ground up in Idaho, and he is using SBA funds to do that, too. I think he's buying the land, but the building of the house is actually going to be with an SBA loan. And I think he's doing it for around four million. So you can do that. There are some restrictions around SBA, SBA lenders. Not every bank or credit union is an SBA lender and not every bank or credit union

00:21:13
will do assisted living. So it can take a while to find them. What I have found the best way to go about navigating those conversations with people is to do a bunch of cold outreach, like get a list of all of the SBA lenders near you that are local in your community and start reaching out to them. And this is where having a business plan is such an important piece because it is an absolute requirement from these lenders. They will want to see it. And so

00:21:40
It allows you to get a leg up if you build that business plan up front. So make sure you grab the business plan checklist to help you get started with that assisted living investing checklist. Just scrolling down on the bottom. But you start reaching out and explaining, hey, this is what I want to do. I want to start an assisted living business. We're going to do a conversion on this house. We're going to buy this existing business. We're going to build something from the ground up.

00:22:05
but you want to have a very good elevator pitch so when you are having those conversations it goes much more smoothly so

00:22:15
The answer to your question, Robin, is you can use SBA for different things. You absolutely can. The more complex answer is not every single one is going to say yes. So just because I told you that they can do it does not mean that they will do it. They look at every opportunity they look and that is the business that you are trying to start. But they're also going to look at you as a creditor and they're going to or as a

00:22:43
as a person is going to borrow, I think that's right. Anyways, as a borrower, and they want to look at you, and they're going to evaluate all of those things. So that's why I was talking about in when I was talking about the accelerator, you have to put yourself together in a way that makes a lot of sense for them to want to work to you so much so that when they have to tell you no, and 90% of the time, they will tell you no, you want them to feel horrible that they have to tell you no.

00:23:11
And the ultimate goal is obviously getting the funding. So it's just casting a broad net and going about it the right way. It's going to allow you to get the funding that you need. See, James, you actually already own and would be only interested in building a new facility as I'm a home builder and see this as an opportunity to implement a facility or two into my small projects.

00:23:35
I love that, James. I think that's a really cool idea. And I like the idea. I know the Residential Assisted Living Academy, if you watch their content or anything like that, Gene Garino, before he passed away, he talked often about getting a three-pack. And I think it makes a ton of sense to do that. I mean, I own two facilities. They're in different states. I don't get a lot of the

00:23:57
the economies of scale that I would get if I had all of them in one state. And that's a part of my long term strategy is to shift over and be focused in a specific community, get three to 10, depending on how

00:24:12
what's available and where we go with things. And then once we get a really good hold there, then we probably look at expanding in different states at that point. I went about this in a way that I've learned a lot. I don't think I would do it exactly the way that I did it if I could do it over again, but I would absolutely do assisted living again. And so James, for you too, you have one, you've got land, you want to build from the ground up. I think that's an incredible idea. And I think it could benefit you a lot. And you can really start building out a brand in the community

00:24:42
where you are trying to put these. So kudos to you. I think it's awesome to help you get there. If you need some help and guidance as something that I could help you out with, the mastermind program is probably the best way for me to do that for you because those are going to be kind of specific questions and help navigating things with the house and stuff like that with the city and helping get through that. We're actually working on a conversion on a house right now.

00:25:10
with somebody inside the mastermind. So I'm learning quite a bit about some of those processes there. There's big construction involved. We did a big construction project on our house. So I've learned a lot in that area over the past year or so, a year and a half. Rosemell, thanks Brandon for answering my questions about Medicaid. I'm at the funding part of the process. Yeah, so you're at phase three.

00:25:37
That's great. I think that's, it's an incredible spot to be in and to really start making progress there and want to do it. And happy to answer all those questions that you had there about, about Medicaid. I think it was a few weeks ago. So it was a good conversation.

00:25:52
As far as how much it costs to join, I don't want to give prices on here because it's a static video and prices change. So the best way to do it is to go to those websites. So go to assistedlivinginvesting.net slash launchpad to get the launchpad, assistedlivinginvesting.net slash ALA for the accelerator. And then you can apply to the mastermind program. It's alimastermind.com.

00:26:17
Um, for you to do that, it's, it doesn't cost you anything to apply to that program. It just lets me make sure I can help you. And then I send you all the details about the program so you can get a fit and I'm not trying to dance around it. I just don't want to give you a number on the video today. Um, and then have somebody watch this in a year and a half and be like, you know, why, why is the price difference? Cause it, it does change. Um, prices go, prices going up, um, after tomorrow as well for the mastermind program and the accelerator. So, um,

00:26:47
not trying to dance around. I just want to be transparent there. You can message me after though, and I can send you a link and we can chat about price if, if you want to do that. So just send me a message on messenger. That's fine. Um, that's probably the best way to do it. You could email me as well at info at assisted living investing on that, but a messenger might be the best way to reach out to me. Um, Robin again, um, how do I, uh, Brandon, how do I determine the best areas to open my business? Um,

00:27:14
Yes, that's a good question, Robin. So the inside of that launchpad bundle is the market research guide. And I have found that to be, that's the process that I went through as I started my second facility. The first facility I just kind of jumped in. I was super excited figuring it out. We made it work.

00:27:35
But the second time I took more time and I used that market research guide that I created for myself and now can give to you guys an update on a regular basis. That's the best way that I found to really help me determine the best markets and see what is out there. It really gives me a holistic view of what's out there.

00:27:55
How many people are there? What the population is like inside of the community where I'm considering doing it and helping you narrow things down. And then the next thing that you want to do is get familiar with it. Like, you know, go walk some of the different neighborhoods and help figure it out. And then a third thing is

00:28:13
talking to the local municipality city planner and those those types of people because each municipality is going to have different rules and regulations that they follow and some of them are easy to work with and it's not a problem at all and some of them it it's like more red tape than it's worth to try to work with them

00:28:32
So if you do those three things, do the market research and then you start looking and trying to figure out which exact neighborhoods you want to be in and talking to that local municipality about the specific zone requirements for that area. It's going to give you a pretty good idea of barrier to getting into that location.

00:28:55
what is the feel of the neighborhood? And then are people going to, to want to, to work with me there? And they can just validate that through the market research guide. So that's going to be probably the best way for you to figure out if it's, if it's a good fit for you or not, um, and helping you, you move forward. Excuse me. Um, Sunice, um, what are the supplies needed inside each guest room and the cost? So, um, each state is going, this is a good question. Um,

00:29:25
And I'm going to call them residents instead of guests. But I like the idea of calling them guests. I'm just that's my vocabulary is calling them residents. So for each resident, each state is going to actually have different things. Generally, what is required of you as as the owner of the facility, as the provider is to provide a bed, a chair and a

00:29:47
a closet space does not need to be a closet it could be an armoire could be something like that but something where they can store clothes and then um like a dresser so um like could be a dresser could be an armoire or a nightstand uh it's the other is the fourth thing so nightstand bed oops nightstand bed um

00:30:10
the closet dresser, something like that. And the chair. Um, those are the four things. Typically it does not have to be expensive. Like you could go to a goodwill. Um, uh, you go to a saver, you could go somewhere big lots when they're, if they're in business is still, um, you know, go to going out of business. So we, we typically buy our bed frames on Wayfair and get our mattresses from Walmart. Um, and furniture we've just had, we actually inherited it and we just make sure that it's, it's kept up. Um, so.

00:30:40
I don't know, maybe a thousand dollars per resident seems steep. So 500 to a thousand dollars is probably what you're looking at for how much you need from a startup aspect to make sure you have those types of things inside the facility. I'm currently renting a home in the countryside and had converted it to a facility, five bed, four bath and

00:31:04
Funding is an issue for me at the moment. I am not licensed and can't get Medicaid residents. So yeah, I think, and you're in Texas. Um, so, um, I would, I would want to know why you can't get licensed. Um, so you said you're not licensed. Okay. You can't get Medicaid cause you're not licensed. So that's one thing. Um, I wonder why are you not licensed? Are you working towards getting your license or where are you at in that process? Um,

00:31:33
So yeah, that's kind of what I would like to know a little bit about. But yeah, funding can definitely be an issue, especially if you're going to be doing some

00:31:44
some bigger renovations and things on the on the house um it really can just kind of come down to um finding partners working and having a lot of conversations with lenders like i was saying 90 of them are going to tell you no and so you have to consistently uh you have to be a little bit of a like a fly a fly at the barbecue basically

00:32:08
And B, they're asking questions and trying to get answers from people and bugging them just enough that they're going to swatch you away and they're going to pay attention to you. But not so annoying that they're going to squash you and be like, stop talking to me. I don't want to talk to you anymore. You don't want to do that. There's a fine balance there. And when it comes to funding, that's kind of what you have to do.

00:32:28
But developing good relationships, having a solid business plan so you can have those conversations with people, depending on the bank, even like building a slide of the opportunity to show things can can go a long way to helping you do that.

00:32:46
Yeah, it does. It can be difficult. You said you're not licensed because you're still new and you're working on it. Yeah. So, I mean, licensing can take a while. So right now it sounds like you're doing an unlicensed home working on a license so you can get there and then you could do Medicaid. So that's I think that's a good route for you to go.

00:33:03
And Rosemary, you mentioned here, we were talking about furniture. You thrifted most of your furniture pieces and got someone who sold medical beds from your church and got a good deal on them. So yeah, I hope that helps. I think that's a great idea. The more that you can get out there in communities, there's going to be nonprofits that can probably help you out with that. You don't have to be a nonprofit to do it, but you can find opportunities there.

00:33:25
Robin, I don't do a one-on-one like high ticket type of a coaching experience. The Mastermind is the closest that I do for it. If you want to chat about doing something one-on-one, reach out to me directly.

00:33:40
Assisted info at assisted living investing dotnet and we can chat about that I just I it's this the same program that I would take you through I just don't I haven't done it with people to this point in a structured way I Will offer it at some point and if you want to be the first person we can chat about that Just reach out to me and photo assisted living investing done it and we can chat there All right

00:34:09
With that said, I'm going to shift over here and do a little bit of an outro. If those that are here still live have questions, you can type those in. I do have another meeting I've got to get to. I got to go pick up my daughter from school. So yeah, thanks everybody for watching. Does residential assisted living sound interesting to you, but you don't know how to get started at assisted living investing? I'm here to help beginners like you launch their assisted living in the next 12 months. I love coaching people and helping people out.

00:34:38
I want to remind you to go grab the business plan checklist, assistedlivinginvesting.net slash pchecklist to help you create that business plan. It is absolutely foundational in your ability to really move things forward and help you make some progress. So yeah.

00:34:53
Trisha, last thing here. You just completed the California ALA course. Unsure as to what to do after I obtain my certificate. You're welcome, Robin. Yeah, Trisha. So after you get that license, I'm assuming the CALA is the administrator course. Yeah.

00:35:17
And so this is where I teach people the five-phase process because I talk to people like you, Trisha, who they set up their entity or they go and get their administrator license. And those are good steps to take, but I suggest taking them at the appropriate times. So having your administrator license is great. You could probably go get a job and start working as an administrator. But now that you have that license,

00:35:47
you're probably going to need to take steps back and go back to phase one and building that foundation and finding the right house and and working on obtaining funding and now you'll have the the license your your administrator license but you're going to have to also work on the facility license two different things um administrator and facility license so

00:36:06
Kudos to you for going through the course and getting that taken care of. It's a huge step. It shows you're committed to doing it. You just might need to come back a little bit and start working on these more foundational things to really help you launch the assisted living business. Getting that course done, it takes a lot. And I'm super proud of you for doing it. So awesome job in getting that done.

00:36:27
um it's not something it's something that not a lot of people do um so like awesome job um you just might need to bring it back a little bit to help you get started so um yeah thanks trisha um all right well um yeah

00:36:43
Does residential sound residential assisted living sound interesting to you, but you don't know how to get started at assistedlivinginvesting.net. I'm here to help you get in there. Like you launched their assisted living business in the next 12 months. And I want to remind you that it doesn't take a lot, just a little bit, just keep going step by step by step. And I promise you, if you do, and you're consistent and persistent, you're going to be successful. Thanks for watching and have a great day.