Episode 209 | How Much Money Do You Need to Start an Assisted Living Home?

Episode 209 | How Much Money Do You Need to Start an Assisted Living Home?

👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake [https://assistedlivinginvesting.net/topmistake] If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back. ❓ Not sure where to start? 👉 Take the 30-second quiz: https://aliquiz.com [https://aliquiz.com] In this episode, I break down the realistic costs of starting an assisted living business, highlighting the hidden expenses that catch most beginners off guard. I discuss operating capital, fire suppression systems, and licensing fees. You will also learn how to confidently seek funding, construct a winning business plan, and leverage other people's money to bring your vision to life. Chapters 00:00:00 – Understanding the True Costs of Assisted Living 00:01:13 – The Crucial Expenses Beginners Frequently Overlook 00:02:19 – Hidden Cost #1: Securing Adequate Operating Capital 00:03:42 – Hidden Cost #2: Navigating Fire Suppression Systems 00:05:13 – Hidden Cost #3: Anticipating State Licensing & Bed Fees 00:06:44 – Down Payments & Leveraging Other People’s Money (OPM) 00:09:12 – Remodeling, Renovations, and Certificates of Occupancy 00:12:00 – The Catalyst: Building a Business Plan Lenders Will Approve 💼 Ways to Work With Me: • Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation [https://assistedlivinginvesting.net/foundation] • Roadmap Challenge (Right Fit?): https://roadmapchallenge.com [https://roadmapchallenge.com] • Success System (Full System): https://assistedlivinginvesting.net/success-system [https://assistedlivinginvesting.net/success-system] • LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience [https://www.assistedlivinginvesting.net/legacy-experience] 📚 Free Resources: • Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist [https://assistedlivinginvesting.net/bpchecklist] • Underwriting Calculator: https://assistedlivinginvesting.net/calculator [https://assistedlivinginvesting.net/calculator] • Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda [https://www.assistedlivinginvesting.net/meeting-agenda] • Grant Writing Template: https://assistedlivinginvesting.net/grants [https://assistedlivinginvesting.net/grants] • Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement [https://assistedlivinginvesting.net/lease-agreement] 📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com [https://thealibook.com] 🛠 Tools I Recommend: • Payroll (Gusto): https://gusto.com/i/brandon9590 [https://gusto.com/i/brandon9590] • Amazon Storefront: https://www.amazon.com/shop/brandongustafson [https://www.amazon.com/shop/brandongustafson] (Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.) 🔗 Connect With Me: • Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting [https://www.facebook.com/groups/assistedlivinginvesting] • Instagram: https://www.instagram.com/assistedlivinginvesting/ [https://www.instagram.com/assistedlivinginvesting/] • LinkedIn: https://www.linkedin.com/company/assisted-living-investing/ [https://www.linkedin.com/company/assisted-living-investing/] 🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/ [https://www.beewellassistedliving.com/] #assistedlivingbusines #residentialassistedliving #healthcareentrepreneur

Episode 208 | Will Your House Work for Assisted Living?

👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake [https://assistedlivinginvesting.net/topmistake] If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back. ❓ Not sure where to start? 👉 Take the 30-second quiz: https://aliquiz.com [https://aliquiz.com] In this episode, I discuss why bedroom count is completely secondary to square footage, how local zoning regulations dictate your success, and what you must verify before spending a single dollar on renovations. Chapters 00:00 — Introduction: Transforming Your Property into Assisted Living 00:59 — The Square Footage Rule vs. Bedroom Count 02:52 — Maximizing Your Income via Shared Resident Rooms 04:37 — Navigating Layout Obstacles and Multi-Story Homes 07:18 — Public Restroom Ratios and Spatial Requirements 08:33 — Deciphering Municipal Zoning and Special Use Permits 10:35 — Choosing Between Licensed and Unlicensed Facilities 12:49 — Essential Renovations and Identifying Your Target Resident 💼 Ways to Work With Me: • Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation [https://assistedlivinginvesting.net/foundation] • Roadmap Challenge (Right Fit?): https://roadmapchallenge.com [https://roadmapchallenge.com] • Success System (Full System): https://assistedlivinginvesting.net/success-system [https://assistedlivinginvesting.net/success-system] • LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience [https://www.assistedlivinginvesting.net/legacy-experience] 📚 Free Resources: • Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist [https://assistedlivinginvesting.net/bpchecklist] • Underwriting Calculator: https://assistedlivinginvesting.net/calculator [https://assistedlivinginvesting.net/calculator] • Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda [https://www.assistedlivinginvesting.net/meeting-agenda] • Grant Writing Template: https://assistedlivinginvesting.net/grants [https://assistedlivinginvesting.net/grants] • Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement [https://assistedlivinginvesting.net/lease-agreement] 📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com [https://thealibook.com] 🛠 Tools I Recommend: • Payroll (Gusto): https://gusto.com/i/brandon9590 [https://gusto.com/i/brandon9590] • Amazon Storefront: https://www.amazon.com/shop/brandongustafson [https://www.amazon.com/shop/brandongustafson] (Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.) 🔗 Connect With Me: • Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting [https://www.facebook.com/groups/assistedlivinginvesting] • Instagram: https://www.instagram.com/assistedlivinginvesting/ [https://www.instagram.com/assistedlivinginvesting/] • LinkedIn: https://www.linkedin.com/company/assisted-living-investing/ [https://www.linkedin.com/company/assisted-living-investing/] 🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/ [https://www.beewellassistedliving.com/] #assistedlivingbusines #residentialassistedliving #healthcareentrepreneur

Episode 207 | Licensed vs Unlicensed Assisted Living: Which One Should You Start With?

👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake [https://assistedlivinginvesting.net/topmistake] If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back. ❓ Not sure where to start? 👉 Take the 30-second quiz: https://aliquiz.com [https://aliquiz.com] In this episode, I break down the definitive pros, cons, and hidden realities of operating a Licensed vs. Unlicensed Assisted Living Facility so you can stop spinning your wheels and confidently launch your business. Chapters 00:00 - Introduction to the Licensing Dilemma 01:55 - Core Differences in Business Models 02:42 - Navigating Regulations and Premium Care Rates 05:16 - Maximizing Income Potential via Bed Capacity 07:15 - The Reality of Medication Management & Resident Care Levels 09:12 - Financial Planning: Expenses, Timelines, and Government Approvals 14:59 - Strategic Scenarios Where Going Unlicensed Makes Sense 22:27 - Property Modifications, Local Zoning, and Permitting Requirements 💼 Ways to Work With Me: • Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation [https://assistedlivinginvesting.net/foundation] • Roadmap Challenge (Right Fit?): https://roadmapchallenge.com [https://roadmapchallenge.com] • Success System (Full System): https://assistedlivinginvesting.net/success-system [https://assistedlivinginvesting.net/success-system] • LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience [https://www.assistedlivinginvesting.net/legacy-experience] 📚 Free Resources: • Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist [https://assistedlivinginvesting.net/bpchecklist] • Underwriting Calculator: https://assistedlivinginvesting.net/calculator [https://assistedlivinginvesting.net/calculator] • Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda [https://www.assistedlivinginvesting.net/meeting-agenda] • Grant Writing Template: https://assistedlivinginvesting.net/grants [https://assistedlivinginvesting.net/grants] • Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement [https://assistedlivinginvesting.net/lease-agreement] 📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com [https://thealibook.com] 🛠 Tools I Recommend: • Payroll (Gusto): https://gusto.com/i/brandon9590 [https://gusto.com/i/brandon9590] • Amazon Storefront: https://www.amazon.com/shop/brandongustafson [https://www.amazon.com/shop/brandongustafson] (Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.) 🔗 Connect With Me: • Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting [https://www.facebook.com/groups/assistedlivinginvesting] • Instagram: https://www.instagram.com/assistedlivinginvesting/ [https://www.instagram.com/assistedlivinginvesting/] • LinkedIn: https://www.linkedin.com/company/assisted-living-investing/ [https://www.linkedin.com/company/assisted-living-investing/] 🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/ [https://www.beewellassistedliving.com/] #assistedlivingbusines #residentialassistedliving #healthcareentrepreneur

Episode 206 | How to Charge Premium Rates in Assisted Living

👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake [https://assistedlivinginvesting.net/topmistake] If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back. ❓ Not sure where to start? 👉 Take the 30-second quiz: https://aliquiz.com [https://aliquiz.com] In this episode, I’m pulling back the curtain on the exact strategies you need to transition from standard private pay or Medicaid models into the premium assisted living market. If you are a healthcare worker who wants to start your own residential assisted living business without the overwhelm, this strategy is your roadmap to filling your beds quickly with your ideal residents. Chapters 00:01:35 - The Three Pillars of Premium Pricing 00:03:01 - Medicaid vs. Private Pay Models 00:03:38 - The Power of Consumer Feedback 00:06:23 - The Rationale for Niching Down 00:06:50 - Aligning Resident and Family Desires 00:08:00 - Operational Reality of Premium Care 00:09:36 - Marketing the Outcome, Not the Asset 💼 Ways to Work With Me: • Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation [https://assistedlivinginvesting.net/foundation] • Roadmap Challenge (Right Fit?): https://roadmapchallenge.com [https://roadmapchallenge.com] • Success System (Full System): https://assistedlivinginvesting.net/success-system [https://assistedlivinginvesting.net/success-system] • LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience [https://www.assistedlivinginvesting.net/legacy-experience] 📚 Free Resources: • Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist [https://assistedlivinginvesting.net/bpchecklist] • Underwriting Calculator: https://assistedlivinginvesting.net/calculator [https://assistedlivinginvesting.net/calculator] • Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda [https://www.assistedlivinginvesting.net/meeting-agenda] • Grant Writing Template: https://assistedlivinginvesting.net/grants [https://assistedlivinginvesting.net/grants] • Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement [https://assistedlivinginvesting.net/lease-agreement] 📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com [https://thealibook.com] 🛠 Tools I Recommend: • Payroll (Gusto): https://gusto.com/i/brandon9590 [https://gusto.com/i/brandon9590] • Amazon Storefront: https://www.amazon.com/shop/brandongustafson [https://www.amazon.com/shop/brandongustafson] (Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.) 🔗 Connect With Me: • Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting [https://www.facebook.com/groups/assistedlivinginvesting] • Instagram: https://www.instagram.com/assistedlivinginvesting/ [https://www.instagram.com/assistedlivinginvesting/] • LinkedIn: https://www.linkedin.com/company/assisted-living-investing/ [https://www.linkedin.com/company/assisted-living-investing/] 🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/ [https://www.beewellassistedliving.com/] #assistedlivingbusines #residentialassistedliving #healthcareentrepreneur

Episode 205 | How to Get the Funding to Start Your Assisted Living Business

👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake [https://assistedlivinginvesting.net/topmistake] If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back. ❓ Not sure where to start? 👉 Take the 30-second quiz: https://aliquiz.com [https://aliquiz.com] In this episode, I discuss why seeking capital is actually step 50 or 60 in the process—not step one. Using a house-building analogy, I explain why you must pour your "foundation" before you can ever hope to build the "roof". Chapters 00:01:52: The "Step 50" Trap 00:03:32: The Purpose of a Foundation 00:05:11: The Business Plan as a Sales Letter 00:07:26: Strategic Market Research 00:09:02: The 5% Rule 00:11:24: Back-of-the-Napkin Underwriting 00:12:27: The "WIFE" Expense Acronym 00:14:55: The 24-Month Pro Forma 💼 Ways to Work With Me: • Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation [https://assistedlivinginvesting.net/foundation] • Roadmap Challenge (Right Fit?): https://roadmapchallenge.com [https://roadmapchallenge.com] • Success System (Full System): https://assistedlivinginvesting.net/success-system [https://assistedlivinginvesting.net/success-system] • LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience [https://www.assistedlivinginvesting.net/legacy-experience] 📚 Free Resources: • Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist [https://assistedlivinginvesting.net/bpchecklist] • Underwriting Calculator: https://assistedlivinginvesting.net/calculator [https://assistedlivinginvesting.net/calculator] • Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda [https://www.assistedlivinginvesting.net/meeting-agenda] • Grant Writing Template: https://assistedlivinginvesting.net/grants [https://assistedlivinginvesting.net/grants] • Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement [https://assistedlivinginvesting.net/lease-agreement] 📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com [https://thealibook.com] 🛠 Tools I Recommend: • Payroll (Gusto): https://gusto.com/i/brandon9590 [https://gusto.com/i/brandon9590] • Amazon Storefront: https://www.amazon.com/shop/brandongustafson [https://www.amazon.com/shop/brandongustafson] (Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.) 🔗 Connect With Me: • Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting [https://www.facebook.com/groups/assistedlivinginvesting] • Instagram: https://www.instagram.com/assistedlivinginvesting/ [https://www.instagram.com/assistedlivinginvesting/] • LinkedIn: https://www.linkedin.com/company/assisted-living-investing/ [https://www.linkedin.com/company/assisted-living-investing/] 🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/ [https://www.beewellassistedliving.com/] #assistedlivingbusines #residentialassistedliving #healthcareentrepreneur