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How To Cashflow $5k + Net PER PROPERTY Through Residential Assisted Living w/ Dr. Alex Schloe | EP 657
Aug 20, 2024
Dr. Alex Schloe, a specialist in Residential Assisted Living investment strategies, shares his journey from financial struggle to success in real estate. He outlines how to effectively invest in residential assisted living homes, emphasizing the importance of location and renovations. The discussion dives into mastering financial metrics and smart marketing tactics, as well as securing funding and selecting the right operators. With a focus on networking, Alex illustrates how healthcare professionals can thrive in this lucrative market.
43:06
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Quick takeaways
- Investing in residential assisted living can yield $3k to $5k cash flow per property, balancing passive income with community impact.
- Finding a reliable operator is crucial for success in residential assisted living, necessitating careful screening and relationship-building.
Deep dives
Exploring Residential Assisted Living
Residential assisted living presents a lucrative investment opportunity, particularly for those seeking to diversify their real estate portfolios. This model involves purchasing single-family homes, licensing them for assisted living, and then leasing them to operators who manage the day-to-day care of residents. Investors can enjoy cash flow comparable to short-term rentals without the heavy involvement typically required in hospitality management. In fact, the revenue from such properties can range from three to five thousand dollars per month per home, making it an attractive option for those looking to balance passive income with meaningful community impact.
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