Episode 136 | How ONE Key Person Can Help You Build Your Assisted Living Business
Brandon gives an overview of a crucial aspect of launching an assisted living business: securing funding by building relationships with key financial contacts. Brandon emphasizes that while finding lenders can be challenging, there are effective strategies to increase your chances of success.
00:00 Introduction to the podcast mission: helping beginners launch an assisted living business in the next year.
01:09 Tips on independently finding lenders via internet searches, cold calling local banks, and credit unions.
04:27 The importance of working with brokers or agents to facilitate real estate transactions and lender introductions.
06:27 Lending brokers are the key contacts because they specialize in securing funding and coaching borrowers.
08:20 Lending brokers help prepare borrowers with business plans, underwriting, and paperwork to improve lender interactions.
10:04 Emphasizing relationship building, persistence, and professionalism as critical factors in securing funding.
11:16 Additional resources: free underwriting calculator, business plan checklist, and the ALI Basics community for support.
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 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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