Making $30,000/Month (Per Property) with Assisted Living Rentals

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 4 August 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

This investor generates $30,000 per month in rental income from a single property. It’s not a short-term rental, or a beachside Airbnb, or anything even close to that. Within a couple of years of starting to scale, James Davis has a rental portfolio on track to gross $1,000,000 per year in rents, from just six properties. The best part? He’s not even doing it for the money. His investments are making lives better while securing him financial freedom. You may have heard of assisted living before, but probably not like this. While many assisted living facilities focus on older adults, James owns small assisted living properties that cater to individuals with disabilities. After taking on two traditional real estate deals, James’s brother, who worked in disability services, thought they could be treating residents better. So, they converted one of James’s properties into a compliant assisted living facility. They got their first monthly tenant—the rent: $15,000 per month for one bedroom. Sounds steep, right? James walks through the entire expenses and profit margins to prove that the caregiving business may be worthwhile, even just for the emotional benefits. Now, he has six properties and has already pulled in $500,000 just halfway through the year. Follow the same steps James shares in this episode, and your portfolio could grow just as fast. In This Episode We Cover How James went from making $16/hour to bringing in $1,000,000/year in rents How much assisted living investment properties make (cash flow!) Locking down a 3.5% interest rate using the creative “subject to” strategy The process of becoming legally compliant for running an assisted living property Why James still buys long-term rentals instead of more assisted living properties And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1156 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This investor makes $30,000 per property per month with assisted living rentals.
0:06.2	Is there really no cash flow available for real estate investors these days?
0:10.6	Or do you just need to get more creative?
0:13.8	Instead of making excuses during a challenging market,
0:16.8	today's guest found a formula that tripled his monthly revenue.
0:20.7	And now he's repeating it over and over to grow his portfolio and advance towards financial freedom.
0:31.2	Hey everyone, it's Dave, head of real estate investing at Bigger Pockets, and I've been buying
0:35.9	rental properties for more than 15
0:38.1	years. Today, I am joined on the show by an investor, James Davis, from Salt Lake City, Utah.
0:45.4	And James started his investing career with just $15,000 in savings and was willing to do anything,
0:52.2	including living without a toilet for three months just to make
0:56.2	his first deal work. Now, just six years later, he owns six properties and is on pace to
1:02.0	gross more than $1 million in revenue this year. James has done this by adopting the increasingly
1:08.6	popular assisted living real estate strategy.
1:11.6	Basically, what he does is provide a needed service to people in his community.
1:15.7	And by doing that, he can generate up to $15,000 in revenue from just a single bedroom
1:21.8	in a house that would normally rent for just $2,000.
1:25.5	This approach is definitely an active strategy, and so it's not going to be for everyone.
1:30.2	But if you're willing to hustle as much as James has, you can radically transform your financial
1:35.9	situation in just a couple of years.
1:38.5	Keep listening and hear how he's doing it.
1:41.3	James, welcome to the Bigger Pockets podcast.
	...

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