The Art of Passive Income Out Of The Box And Into A Home—What You Need To Know About RAL Investing
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 WEEKMark: 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?