JF1674: How To Build Your Own Residential Assisted Living Portfolio with Loe Hornbuckle

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7 • 996 Ratings

🗓️ 3 April 2019

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Loe was making good money running a car dealership, but was not fulfilled. He wanted to get into property management, but no one would hire someone who was taking a huge pay cut! He finally got a job as an assistant property manager and started learning the business. Eventually he learned about residential assisted living and started building that business, which is still his main focus. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I think it’s great to have a third party take care of stuff for you, but at the same time you have to know enough to know if someone is a good property manager or not” - Loe Hornbuckle Loe Hornbuckle Real Estate Background: CEO and founder of Sage Oak Assisted Living and Memory Care Sage Oak is “the boutique assisted living company” with 5 locations in Dallas and a total of 40 beds. Has two developments in TX and Louisiana, totaling 300 beds and estimated value of $45M Based in Dallas, TX Say hi to him at https://thesageoak.com/ Best Ever Book: The One Thing Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	I think it's great to have a third party take care of stuff for you.
1:07.7	It's great to focus on what you know.
1:09.4	Obviously, I'm not doing my own legal work.
1:11.2	I'm not doing my own tax work.
1:12.4	I understand that fully.
1:14.0	But at the same time, you have to be educated enough or know enough about it to be able to know,
1:17.6	hey, what does a good property manager look like?
1:19.9	It's that time of year again tax season done on
1:23.0	how are you doing on tax season how's that treating you so far well if you have a lot of
1:28.4	receipts and you're organizing things like your income and expenses and
1:32.0	creating reports and you're also trying to keep up
1:34.6	the date with a new tax reform this year.
	...

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