Making $12K/Month (Per Property!) With Assisted Living Investing

Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there.

Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties.

She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even greater profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most.

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Episode 671

00:00 Intro
03:08 Quick Tip
04:00 Building Better Facilities
08:32 The Sweet Spot for Assisted Living Investments
14:58 The Most Recession-Resistant Investment?
24:56 Finding and Financing Assisted Living Properties
37:32 Assisted Living Arbitrage and Deal Killers
43:41 How to Get Started
53:47 Deal Deep Dive
01:00:17 Famous Four

#biggerpockets #realestatepodcast #episode671

[jamilynn]

Isabel gave tremendous value here, but I was very upset to hear her refer to people that can't afford to shell out $54, 000 per YEAR for living expenses as "riff-raff"....she does realize that only a fraction of American seniors have that kind of disposable income, yes? Neither my grandparents nor my parents would have been able to afford that, and they were definitely not "riff-raff". Please don't determine what kind of person someone is based solely on their wealth.

[Nalkaaa]

My husband and I own two retirement facilities bringing in 60k a month! It’s amazing! I started this after being tired of working for the government for 7 years!…we renovate the homes, get them licensed and run the business. Next we want to flip homes to prep them for retirement homes and rent them to those that want start this amazing lucrative business. We are both in our 30s and we work from home, we have professional caregivers that run the business’s for us.

[michaelbatista]

RIP Gene. You've clearly spent a lot of time with your daughter and shes taken the business seriously. She's sharp as a tack and I know you're very proud. Great show, guys. Thank you @david and @rob for bringing Isabelle on.

[michellewilson]

I do this in Texas but I only take 3 people at a time. I take personal care of these seniors but it's all custom and everyone I accept is on hospice. I'm a residential care home and most are bed bound. I don't need a license if I stay under 3. I live in the house too, so I don't take anyone with dementia if they can walk. My husband works with me and helps with use of the hoyer or turning the resident on their side to prevent bed sores. I make a minimum of 3k per person or $9k total but sometimes I make $12 K to $15K per month.

[misunderstoodkj]

Her dad was a great guy who left her with a wealth of knowledge and income producing assets. We need more men to provide a foundation and structure for their kids like her dad. God bless! ❤

[manifest.natasha]

I myself work in a beautiful assisted living home it's like a huge home for seniors. I actually do the NOC shift & I enjoy it. There are seniors from low care to cancer patients. One thing about health care it will never die it will always be in demand. This is a great cash flow but you need to also have the compassion for this industry.

[alanflanagan]

My dad was in memory care, $4500 is very affordable for better care/nicer facilities. Thank you for providing this.

[GGatsbyMusic]

Finally an assisted living episode. Currently looking for my first RCF in Los Angeles. Thank you for representing us well Isabelle.

[charleskelly]

Thank you for your time, very insightful! I'm a Rehab Director and this info is spot on. The lack of education to what rights the family has is astounding, much less what they should be looking for to better advocate for loved ones. Puts families at an unfair disadvantage. These smaller, better quality set ups are going to be essential in providing quality care to a booming aging population.

[sophiachrist]

David, be you and do you! No one can replace you, so be comfortable in your skin and share this valuable REI content in your own way. God bless. 🙏🏽😁

[markosho]

Same strategy I've been executing. I thought I was the only one who knew about this cuz everytime I share it with someone -it's the first time they've heard it!! Love the video.

[vc]

People have been doing this for years. They get grants and funding for the home that they live in, and open it up to seniors. Back when homeowner wld get training/certs in CNA/GNA or LPN and run it themselves with help and maybe 5 senior clients. This is on a greater level. Much different from way back when.

[jjfade]

Amazing episode. David you don’t need to be silly or funny just keep dropping knowledge bud, that’s what we here for!! Perfect as is!

[RNVIPs]

👍 this is great info. As a RN who has worked in many aging homes- I've always thought of venturing into something like this.

[jackprick]

I would say just be genuine and be yourself. I personally like the pop tart and brand muffin combo. Good show! Thanks again!

[MiriamVance.]

My husband is an administrator for a SNF. This is totally a ghost industry (as we call it). SO much money in it but not known about at all!!

[TJ-thhw]

This was an awesome interview with Isabelle. I love her business model caring for the elderly while making a profit. I’ve been listening to BiggerPockets in the couple of years, this is the first time I’ve heard a show like this one. She provided great information. Thank you David & Rob for having Isabelle on.

[stevengreidinger]

What a clever, caring entrepreneur! Isabelle has her heart in the right place, and she will be able to expand this quality-oriented business as well.

We can be confident that she is actually extending the lifespan of some of her residents. Congratulations on your great decisions, Isabelle!

[Dimrain]

The most recession resistant is mobile home communities as they normally do better during a recession just fyi.

[sergiocifuentes]

Great interview. I am grateful to people like her that lives to share her success.