In this episode, Brandon shares his personal journey into the world of assisted living investing, beginning from a pivotal moment in June 2019 when he read “Rich Dad Poor Dad.” Overwhelmed yet motivated, he embarked on a quest to understand real estate investing, combining it with his healthcare background. Brandon emphasizes critical steps he took to educate himself about real estate, find potential properties, and navigate the complexities of the assisted living market. He faced numerous challenges, including securing funding, understanding zoning laws, and evaluating existing facilities, but ultimately achieved success through persistence, networking, and educating himself.

0:00 – Welcome & Introduction

0:18 – Host’s Personal Story & Motivation

0:34 – How Brandon Started His Assisted Living Journey

1:12 – Initial Steps & Learning Curve

4:14 – Learning & Mentorship

7:12 – Understanding Local Zoning & Municipality Challenges

8:47 – Searching for Properties & Early Challenges

9:26 – Networking & Industry Connections

10:47 – Finding Deals: LoopNet & BizBuySell

12:29 – Navigating NDAs & Due Diligence

14:03 – Developing Tools: Underwriting Calculator

15:15 – Emotional Rollercoaster of Deal Evaluation

15:31 – Forming Key Relationships & Finding a Broker

16:42 – Buying While Navigating COVID-19 Challenges

18:08 – Persistence Through Roadblocks

18:47 – Reflections & Encouragement for Beginners

19:31 – Resources & Support for Listeners

20:11 – Call to Action & Closing Remarks

20:25 – Podcast Outro

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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