671: Will the “Silver Tsunami” Flood You with Cash Flow? w/Isabelle Guarino-Smith

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 6 October 2022

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 great 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. In This Episode We Cover: How to transition from residential real estate investor to assisted living specialist The three types of senior housing facilities and the only one worth investing in The “silver tsunami” that’s on the way and how to capitalize on it before it’s too late Financing options for assisted living investments and how to raise capital Renovation tips, common costs, and how much you can expect to make on your first facility And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Here’s Why You Should Consider Investing in Senior Living Should You Invest In Senior Housing (And Is Now the Right Time)? Genworth’s Cost of Care Survey Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The Pumpkin Plan by Mike Michalowicz The 5am Club by Robin Sharma Connect with Isabelle: Isabelle’s Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-671 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pocket Show 6.71.
0:04.8	Nothing is recession proof, but this is probably as recession resistant as you could get.
0:09.9	Because when money gets tight, you know what you pull back on is those high-end items,
0:15.0	that Euro-trification, that Disney trip with the kids, you stop going to Airbnb.
0:19.6	You stop buying nice items, but you're not going to stop paying for your loved ones' care.
0:26.0	Like that, you just don't do that.
0:28.8	So this is probably as recession resistant as you can get.
0:34.4	What's going on there, Bigger Pocket S listeners, this is David Green, your host of the
0:38.8	Bigger Pocket's Real Estate podcast here today with my co-host, Rob the STR Specialist
0:44.3	Abisolo, and we've got a great episode for you today. We are interviewing Isabel,
0:49.0	Gaurino, one of the industry experts in residential assisted living facilities.
0:54.5	This is a new strategy investing in real estate that is relatively unknown and not talked about
0:59.7	very often, and we bring you a ton of information that would help you decide is this
1:04.5	an investment strategy that you should get into. Isabel's family is one of the premier experts
1:09.6	in this space, and she does not disappoint. One of the things that we should highlight about today's
1:13.5	show is this is a strategy that sort of becomes a hybrid of business with real estate, and we see
1:18.8	in the industry this is becoming more and more popular. Short seren rentals are actually a good
1:22.7	example of this. You're not just buying a house, you are running a business, and the real estate
1:26.2	becomes a part of that business. This is similar to cattle ranchers. A lot of people don't realize
1:31.2	a lot of cattle ranchers don't make a ton of money on the actual cattle, but they usually do
1:35.3	on the land. And I think in the future we're headed towards a world where real estate and business
1:40.4	are more closely tied together. The real estate element kind of supercharges the business.
	...

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