How to Cash Flow Up to $40K a Month Converting Homes into Assisted Living

PODCAST OF THE WEEK

How to Cash Flow Up to $40K a Month Converting Homes into Assisted Living

With 10,000 Americans turning 65 every day, there is a massive shortage of quality, affordable senior housing. Residential assisted living homes provide a solution by turning large single family homes into small group living for seniors needing daily care.

Isabel's grandmother needed 24/7 care but the only options were terrible quality or unaffordably expensive. So her family bought an existing assisted living home to provide her grandmother a place to live. Though she passed before moving in, they fell in love with the business model and positive impact.

Isabel founded a training academy teaching others how to start residential assisted living homes. Her program guides you through feasibility analysis, home procurement, renovations, licensing, staffing, operations and more. Graduates have opened over 1,000 homes caring for thousands of seniors.

Key Takeaways:

• Massive growing demand with 10K new seniors daily but 1.3M bed shortage

• Much better care, food and activities than commercial options

• Typical home houses 8-16 seniors paying $4K-$9K per month

• Can lease, buy or build new purpose-built homes in great locations

• Takes 6-24 months to open at $1M-$3M+ cost

• Cash flows $10K-$40K+ per month in profits

POST OF THE WEEK

Our group responded with some bangers:

• Ridding property of bad spirits and auras (14 Likes)

• I once had a tenant call me at 8 pm on Valentines’ Day asking to go out on a date… she was 73 (10 Likes)

• I had a tenant ask me to call the county water treatment plant and ask them to change the chemicals they are putting in the water because it was making his rice and broccoli taste funny. (12 Likes) 

TIP OF THE WEEK
Only In America: For Aging Parents, This Housing Hack Beats Costly Care Homes Hands-Dow

Worried about finding affordable care options as your parents age? There's an alternative to costly nursing homes you need to know about.

Residential assisted living homes transform private properties into small group homes for 6-16 seniors, providing customized care at a fraction of commercial costs.

Expert Isabel Guarino trains people to open these lucrative homes, with graduates operating 1,000+ residences already. In a must-listen podcast, Isabel gives adult children tips to locate quality local homes and how to determine if it's the right fit your parent's needs and budget.