How to Invest in Assisted Living Homes | The Secret Behind Getting the MOST Cash Flow in Real Estate
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner and Cam Cathcart
4.8 • 767 Ratings
🗓️ 25 October 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE
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🧔♂️🙎♂️ WHO ARE WE?
Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!
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🙌 CONNECT WITH DR. ALEX SCHLOE ON INSTAGRAM
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🎥 DESCRIPTION
Dr. Alex Schloe is a physician who owns and operates residential assisted living homes! Not only does he directly own five such homes, but he has also started a fund to purchase and manage additional facilities! He truly is crushing it in this high cashflow niche and making a positive impact on the world along the way!
Specifically, listen in to hear about:
• how Alex invests using the C.A.R.E. Model
• why Alex believes residential assisted living is one of the best niches to invest in
• the exact next steps to take to buy your first or next residential assisted living investment
• and soooo much more!!
❌ DISCLAIMER
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Transcript
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| 0:00.0 | Hey, this is the Better Life podcast with Brandon Turner and Cam Cathcart. |
| 0:03.1 | This is a special Friday episode we call Cashflow Fridays, |
| 0:06.4 | where we interview people on one specific investment strategy that produces phenomenal |
| 0:10.1 | cash flow in this market. |
| 0:11.7 | This show is meant to be short, sweet to the point so you can implement it right away |
| 0:15.5 | into your life. |
| 0:16.9 | Without further ado, let's get to the episode. |
| 0:21.4 | You know, one of the hardest lessons I've learned in building my real estate business |
| 0:24.5 | is this. |
| 0:25.1 | I can't do everything on my own. |
| 0:26.9 | And trust me, I have tried. |
| 0:28.3 | I was that guy wearing all the hats, acquisition, property management, marketing. |
| 0:31.7 | I haven't tried my hand at bookkeeping, which, by the way, is not a great idea. |
| 0:34.9 | It was not until I embraced, I embraced the art of delegation that things |
| 0:38.8 | really started to take off from me. I actually remember hiring my very first virtual assistant. |
| 0:42.7 | And then I realized right away, why did I wait so long to do this? And honestly, I was amazed |
| 0:47.5 | at how great they were. They're better than me at most things they did. And in fact, that |
| 0:51.4 | first VA still with me today, 10 years later. Now, suddenly I had time to |
| 0:54.6 | focus on bigger picture things, scaling the business, finding more deals, and honestly spending |
| 0:58.6 | more time with the family. And that is why I'm excited to tell you about our sponsor today, |
| 1:02.8 | hire trainva.com. So these guys have cracked the code on finding top tier virtual assistance |
| 1:09.1 | for the real estate investing world. They go through a brutal |
... |
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