Episode 130 | Insider Hacks To Help You Obtain Funding For Your Assisted Living Business
In this episode of the Assisted Living Investing Podcast, Brandon breaks down beginner-friendly strategies for securing financing for care homes and assisted living facilities. From building a strong business plan and underwriting deals to navigating lender relationships, Brandon shares practical tips to help you approach financing with confidence. He emphasizes knowing when to walk away from a deal that doesnβt make sense, how to refine your plan with lender feedback, and why professionalism goes a long way in building credibility. The episode wraps up with encouragement to stay consistent, persistent, and connected through the ALI Basics community as you move forward on your assisted living journey.
00:00:00 β Introduction
00:00:45 β Insider Tips for Financing Your Assisted Living Business
00:01:14 β Importance of a Business Plan
00:01:35 β Crafting Your Mission Statement & Defining Your Target Population
00:02:27 β Location and Market Research
00:03:05 β Operational Plan Details
00:03:44 β Underwriting & Financial Planning
00:04:28 β Profitability Analysis & Deal Evaluation
00:05:11 β Knowing When to Walk Away
00:06:13 β Lender Perspectives & Metrics
00:07:09 β Casting a Wide Net for Lenders
00:08:38 β Handling Rejections & Feedback
00:09:48 β Persistence and Relationship Building
00:10:22 β Making a Lasting Positive Impression
00:11:37 β Pro Tips for Working with Lenders
00:13:26 β The Importance of Professionalism
00:16:01 β Closing Remarks
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 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
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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