Episode 100 | Running A Care Home: The Untold Story
In this episode, Brandon shares his personal journey into the world of assisted living investing, beginning from a pivotal moment in June 2019 when he read “Rich Dad Poor Dad.” Overwhelmed yet motivated, he embarked on a quest to understand real estate investing, combining it with his healthcare background. Brandon emphasizes critical steps he took to educate himself about real estate, find potential properties, and navigate the complexities of the assisted living market. He faced numerous challenges, including securing funding, understanding zoning laws, and evaluating existing facilities, but ultimately achieved success through persistence, networking, and educating himself.
0:00 – Welcome & Introduction
0:18 – Host’s Personal Story & Motivation
0:34 – How Brandon Started His Assisted Living Journey
1:12 – Initial Steps & Learning Curve
4:14 – Learning & Mentorship
7:12 – Understanding Local Zoning & Municipality Challenges
8:47 – Searching for Properties & Early Challenges
9:26 – Networking & Industry Connections
10:47 – Finding Deals: LoopNet & BizBuySell
12:29 – Navigating NDAs & Due Diligence
14:03 – Developing Tools: Underwriting Calculator
15:15 – Emotional Rollercoaster of Deal Evaluation
15:31 – Forming Key Relationships & Finding a Broker
16:42 – Buying While Navigating COVID-19 Challenges
18:08 – Persistence Through Roadblocks
18:47 – Reflections & Encouragement for Beginners
19:31 – Resources & Support for Listeners
20:11 – Call to Action & Closing Remarks
20:25 – Podcast Outro
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 Basics: https://www.assistedlivinginvesting.net/basics
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Join the Business 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
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
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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