Episode 100 | Running A Care Home: The Untold Story

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/aligrantNeed help with your payroll? Get Gusto: https://gusto.com/i/brandon9590 Follow Us: Subscribe to the podcast for more episodes.Leave a review to help us continue bringing you valuable content. Engage with us on our various platforms for further learning and support.Facebook | LinkedIn | X | Instagram