Episode 109 | Top 5 Tips for Qualifying for an Assisted Living Loan Successfully
In this episode, Brandon Gustafson breaks down the loan qualification process for launching an assisted living business. From building a solid business plan and improving your credit to forming smart partnerships and connecting with lenders, Brandon offers a step-by-step roadmap to help beginners secure funding and start their first facility within 12 months. He also shares key insights on cap rates, underwriting, and preparing lender-ready documentationβall while emphasizing persistence and professionalism.
00:00:00 β Introduction
00:01:41 β Understanding Loan Qualification
00:02:55 β Differences from Traditional Home Loans
00:04:26 β Qualifications for Beginners vs. Experienced Investors
00:05:35 β Building a Strong Foundation
00:07:30 β Organizing Documentation
00:09:07 β Improving Your Credit
00:12:46 β Handling Bad Credit and Partnerships
00:15:10 β Building Relationships with Lenders
00:18:52 β Effective Outreach Strategies
00:19:41 β Joining the ALI Basics Community
00:21:11 β Guidance on Cap Rates
00:23:29 β Final Resource Reminders
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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