JF3337: Mark Hutton - Exploring the Opportunities in Residential Assisted Living Real Estate

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 24 October 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Mark Hutton unpacks the intricacies of investing in the niche of Residential Assisted Living (RAL) within the commercial real estate sector. Mark sheds light on why RAL is becoming an appealing asset for investors, the synergies of combining the real estate with the operating business, and the pivotal role of SBA-backed loans in this space. Key Takeaways: RAL's Appeal: With traditional long-term hold properties offering lower cash flow due to prevailing interest rates, RAL presents a lucrative opportunity for investors seeking higher returns. SBA-Backed Loans in RAL: These loans provide certain advantages such as long-term fixed rates and high LTVs, making them a preferred choice in the RAL space. However, they also come with specific controls like pre-defined lease terms. Learning from the Best: Mark emphasizes the importance of seeking mentorship and learning from those already successful in the RAL space, ensuring faster progress and fewer pitfalls. Mark Hutton | Real Estate Background Founder of Mimi’s House Assisted Living and Memory Care Portfolio: SFRs, commercial apartments, retail mall, resorts, and RAL homes Based in: Cincinnati, OH Say hi to him at: MimisHouseRAL.com Facebook Best Ever Book: The Debt Millionaire by George Antone Greatest Lesson: Building a senior-centered service business is 10x more rewarding than owning rental real estate. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
0:05.3	Yet somehow only 19% of women reported feeling confident in selecting investments that align
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0:35.5	control of their financial futures. Gain the knowledge and skills you need to grow
0:40.0	your portfolio and build a sustainable business all while connecting with over 500 women who are playing at the same level.
0:48.0	To learn more and to get your tickets, visit InvestHERCON.com today and use the code 100 best ever to get $100 off your ticket.
0:57.0	That's Invest Her, H-E-R-K-D-K-G-K-G-K-K-K-K-K-K-K-K-K-Kom, promo code 100 best ever to get $100 off your ticket.
1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
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1:21.8	Without debt, there is no wealth because you can't grow and expand and throw your business without
1:29.6	debt.
1:30.6	Welcome to the Best Ever Show, the world's longest running daily commercial real estate
1:34.8	podcast.
1:35.8	Our hosts interview commercial real estate experts every day to get you the best advice ever
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1:42.8	Today's episode is brought to you by Presario Ventures, a private equity real estate
1:47.4	firm based in the booming Austin, Texas market.
	...

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