Out Of The Box And Into A Home—What You Need To Know About RAL Investing

The Art of Passive Income

Mark Podolsky

Howtobecomearealestateinvestor, Taxlieninvesting, How To, Entrepreneurship, Bestwaytostartinvestinginrealestate, Education, Passiveincome, Bestwaytoinvestinrealestate, Taxlienproperties, Taxliensales, Howtomakemoneyinrealestate, Taxlienpropertiesforsale, Passiverealestateincome, Makingmoneyfromrealestate, Bestrealestateinvestments, Howtobuytaxlienproperties, Business, Realestate, Propertytaxliens, Startingarealestatebusiness, Investing

5 • 681 Ratings

🗓️ 24 May 2018

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of The Art of Passive Income, Mark and Scott talk with Gene Guarino—CEO, President, and Founder of RALAcademy.com. Gene is the first guest on our show to talk about an industry that everyone at one time or another will have to deal with, and that’s Senior Assisted Housing. With over 30 years of experience in real estate investing and business, his focus today is investing in the megatrend of Senior Assisted Living. Gene shares the backstory that led him to create Residential Assisted Living homes that “feel like home” by turning single-family homes into care homes that he would be proud to have his own mom and dad move into, and ultimately teaching his model to others. Gene breaks down his business model, including the demographics and the economics showing us that demand is high and the opportunity to make long-term wealth is real! As he explains, we are in the middle of the Silver Tsunami. There are 77 million baby boomers and people living longer than ever, 4,000 people a day are turning 85 years old. That’s the fastest-growing demographic in the country, and the target. Gene breaks down the numbers showing us the potential earnings per home and analyzes the two aspects of this business: The real estate side—Where you own and lease the home. You have low impact tenants with a long-term lease for twice the market rent. The business side—The care side is where you get the huge returns because it requires more work. This business has these 4 key components on its side: Demographics Economics Low competition Demand But what are the negatives and do they outweigh the positives? Listen in now as Gene covers all aspects, including the hardest parts and the liability risk factor, which was a mic-drop moment! TIP OF THE WEEK Mark: Learn more about Gene by going to his website at ResidentialAssistedLivingAcademy.com. Scott: Check out Taskful.me. It divides your tasks into different color categories and sets task reminders for them. Gene: Own one home now, don't leave a burden to your kids; leave them a blessing. You pass away they get to keep the home and the cash flow. Do it for your kids if not for yourself. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0	Do you have solo economic dependency?
0:03.2	That is, if you aren't working, you aren't making money.
0:06.6	The art of passive income podcast is the solution.
0:10.3	Discover passive income models so you can enjoy life on your own terms.
0:15.2	Let freedom ring.
0:17.7	Hey, it's Mark Podolsky, The Geek with your favorite niche real estate website,
0:21.6	www.w.w.com.
0:25.1	And Scott and I are just really going crazy for today's guests.
0:32.0	And before we talk about our guest and the problems of our guests
0:37.3	and the shiny object syndrome that Scott Todd
0:39.7	had to go through because of our guest, I'd be remiss if I didn't properly introduce
0:45.4	Six Sigma. You know him. You love him. Scott Todd from Scott tod.net, landmoto.com. And most importantly,
0:54.7	if not automating your Craigslist
0:57.2	and your Facebook postings,
0:58.7	posting domination.com forward slash the land geek.
1:02.2	Scott Todd, are you ready for this?
1:05.7	Mark, I think we, first of all,
1:07.0	we have to do some disclaimers.
1:08.9	One, if you are subject to shiny object syndrome, you may, may want to proceed with
1:17.0	this podcast with caution.
1:19.0	First, okay.
1:20.9	And I know from experience, I went down this path, not too far down the path, before my wife slammed me back in to the right,
	...

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