97: Assisted Living Homes Create Massive Cash Flow with Gene Guarino

Get Rich Education

Keith Weinhold

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

4.3 • 602 Ratings

🗓️ 19 August 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

#97: Generate $36,000 of monthly income and $10,000 of monthly cash flow per single-family residence used as an Assisted Living Home (ALH).

Demographics tell the story. Our aging population means there will be more need for senior housing.

Gene Guarino of the Residential Assisted Living Academy tells us why and how to own and operate ALHs.

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Listen to this week’s show and learn:

01:05 Get $5,000 - $15,000 cash flow per month from one single-family home.

01:37 Upcoming guests on future shows include T. Harv Eker and Tom Wheelwright.

02:50 40 million senior citizens today will balloon to 89 million by 2050.

05:15 Single-family homes - not giant institutional complexes - are a great niche for the individual investor / businessperson.

08:09 Don’t be involved in the day-to-day operation of the ALH.

09:13 Ideal ALH location. Home size 300-500 sf per person.

13:20 No commercial kitchen. Grab bars, wide doors.

14:18 Profit & Loss Statement. $36,000 / monthly avg. income for ten private rooms in one ALH.

17:51 Owning vs. Leasing the real estate to operate your ALH.

19:43 Zoning, Licensing, Liability Insurance.

27:13 How do you find an ALH?

31:19 State-administered trainings vs. business-oriented trainings.

32:39 Financing.

37:15 Occupying your ALH with residents.

39:27 “Mom & Pop” ALHs.

42:04 Caring for others.

43:35 What does an ALH manager do?

45:00 Gene shows others how to provide ALHs with a live 3-day Training, and at RALAcademy.com

Resources Mentioned:

RALAcademy.com

CorporateDirect.com

NoradaRealEstate.com

RidgeLendingGroup.com

GetRichEducation.com

Transcript

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0:00.0	Get Rich Education is brought to you by Corporate Direct, Norada Real Estate, and Ridge Lending Group.
0:10.9	Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires
0:22.9	than anything else and can provide you with more wealth and happiness than you ever thought
0:28.4	possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith
0:36.4	Weinhold.
0:46.2	Welcome to Get Rich Education. Thanks for being here. This is episode 97. I'm your host Keith Weinhold back to help you build your wealth now in 167 world nations and we've
0:52.6	recently been added to tune in radio so you can find us now on Tune In 2.
0:57.6	Today, we're going to help you learn how to build your wealth with a great guest such that you can make a single-family home cash flow $5,000 to $15,000 per month.
1:10.6	That's right. That's 5K to 15K, not of monthly income, but of monthly
1:15.7	cash flow from one single family home. And it's going to be in a way that you've perhaps never thought
1:21.4	of. And if you have thought of this twist on residential buy and hold real estate before,
1:26.5	it's likely that you're going to hear
1:28.4	more concrete ideas about this than you ever have before here today. And first of all,
1:35.5	let me tell you that after today's show, which is sort of mind-blowing enough to try to fathom
1:40.9	today's technique, we've got some great shows coming up. We've got Peter Zahan as a guest.
1:46.0	We've got milestone episode 100 coming up in just three weeks. And then looking further ahead,
1:53.5	a few weeks after episode 100, we've got Rich That Advisor, Tom We're right, scheduled to come back
1:58.1	here on to Get Rich Education for his record tying fourth appearance.
2:02.8	Also down the road, we've got a very distinguished guest as he's really quite a famous author, motivational speaker, businessman that's just so renowned for his theories worldwide on wealth and motivation.
2:17.3	He is the author of the book,
2:19.9	Secrets of the Millionaire Mind, and that is the incomparable renowned T. Harv Ecker that's
2:26.6	booked to make his debut here with me on Get Rich Education. Gosh, that one is probably going to be
	...

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