Episode 213 | Should You Buy an Existing Assisted Living Facility?
👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake
If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back.
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In this episode, I break down the pros and cons of acquiring an existing care home versus converting or building from the ground up. You'll discover how each route affects your cash flow, licensing timeframe, startup costs, and overall risk.
Chapters
00:00 - Should You Buy Existing or Start From Scratch?
01:15 - Option #1: Purchasing an Existing Assisted Living Facility
03:40 - The #1 Benefit: Day 1 Cash Flow & Trained Staff
06:20 - Licensing Made Easy: How the CHOW Process Works
09:10 - The Downside of Buying Existing: Paying a Premium & Owner Negotiations
12:05 - Option #2: Converting a Residential Home (Starting From Scratch)
14:30 - Hidden Costs of Conversions: Repairs, ADA, & Heavy Scrutiny
17:50 - Comparing Your Timeline to Profitability
20:45 - How to Choose the Right Path for You (+ Next Steps)
💼 Ways to Work With Me:
• Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation
• Roadmap Challenge (Right Fit?): https://roadmapchallenge.com
• Success System (Full System): https://assistedlivinginvesting.net/success-system
• LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience
📚 Free Resources:
• Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist
• Underwriting Calculator: https://assistedlivinginvesting.net/calculator
• Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda
• Grant Writing Template: https://assistedlivinginvesting.net/grants
• Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement
📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com
🛠 Tools I Recommend:
• Payroll (Gusto): https://gusto.com/i/brandon9590
• Amazon Storefront: https://www.amazon.com/shop/brandongustafson
(Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.)
🔗 Connect With Me:
• Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting
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• LinkedIn: https://www.linkedin.com/company/assisted-living-investing/
🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/
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