Episode 33 | STOP Relying on Banks for Assisted Living Financing

In this episode, Brandon Gustafson, an expert in launching assisted living businesses, discusses how to leverage private money to fund your assisted living business. He covers the basics of private money, differences from traditional loans, typical loan terms, and interest rates. Brandon also shares strategies for finding private money lenders through networking and online platforms. He emphasizes the importance of building relationships, having a solid business plan, and knowing when to leave deals. Additionally, Brandon provides legal considerations and steps for pitching to private money lenders. Throughout, he offers practical advice from his own experience owning and operating assisted living facilities and invites viewers to utilize various resources, including a free business plan checklist and his mastermind program. 00:00 Introduction and Welcome 00:07 Overview of Private Money for Assisted Living 00:48 Promotions and Offers 01:36 Brandon's Background and Qualifications 02:32 Understanding Private Money 03:40 Loan Terms and Conditions 08:48 Finding Private Money Lenders 12:53 Building Relationships and Networking 18:45 Legal Considerations and Final Tips 20:12 Q&A Session   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 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 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