227: $10K Monthly Cash Flow With Each SFH

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 11 February 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#227: You are aging. So is America. The U.S. median age keeps rising.

We need more senior housing. Your demographics are baked in the cake.

Gene Guarino, owner of the Residential Assisted Living (RAL) Academy & I tell you about the opportunity.

Serve seniors by converting Single-Family Homes into Assisted Living Homes (ALHs).

There are two distinct pieces here:

1) The real estate.

2) The business with residents & care staff.

Average U.S. ALH tenant pays $4,000 per month x 10 residents = $40,000. Your net is about 30%. That’s $12,000 month.

We discuss how to find the right real estate and strategies for filling it with residents.

Rule of thumb: 300 sf for every resident is quite comfortable.

Learn how an ALH-SFH “Profit & Loss Statement” looks.

ALH tenants are long-term, low impact, and pay above-market “rent”.

My friend Brandon heard Gene here on the show before. Brandon got started. We discuss.

It’s easiest for you to buy an existing business. If you can’t then learn about your care staff’s necessary qualifications.

Financing for ALHs? 80% loans.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Gene’s Online Course

Gene’s Live Course

Brandon’s e-mail: [email protected]

Mortgage Loans: RidgeLendingGroup.com

Cash Flow Banking: ProducersWealth.com

Turnkey RE: NoradaRealEstate.com

QRP: TotalControlFinancial.com

Find Properties: GREturnkey.com

Follow us on Instagram: @getricheducation

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Weinhold. You can make one single family home
0:06.9	produced between $5,000 and $15,000 of monthly cash flow profit for yourself. How does that work?
0:13.9	How do you get started and how exactly do those profit and lost financials look? It's not an entirely
0:19.2	passive path, but it can be a highly
0:21.3	lucrative path for you, and your positive demographics are already baked in the cake today on
0:27.1	get rich education. Learn the easiest way to create wealth and passive income with real estate.
0:33.5	Now you can access the best deals without the stress or hassle of having to find, renovate,
0:38.5	or manage those investment properties.
0:40.4	Narada Real Estate saves you time by providing you with passive income investment properties
0:44.9	in some of the best U.S. markets.
0:46.9	Learn more at PassiveRealestateinvesting.com and download your free copy of the ultimate guide
0:52.2	to passive real estate investing.
0:56.4	There's no obligation and nothing to buy.
0:59.5	Simply visit passive real estate investing.com.
1:07.3	For a real estate investor like you seeking an income property loan, go to Ridge, Lending Group, NMLS 42056.
1:13.2	Over the years, you've heard President Chaley Ridge generously devote her time to you here on the show as a guest.
1:18.8	Ridge provides investment property loans in most U.S. states, and you're going to find out how they've helped more people realize their dreams of real estate financial freedom than any other mortgage lender in the entire nation when you get started at ridg lending group.com.
1:31.9	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:39.4	This is Get Rich Education.
1:55.0	Thank you. is get rich education. Hey, you're inside GRE, from Bedminster, England to Bedminster, New Jersey, and across 188 nations worldwide,
2:01.9	you are back in that abundant place where financially free beats debt-free every single time.
2:10.3	This is Get Rich Education. I'm Keith Weinhold, but you're not here for me. You're here for you.
	...

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