Even when people stay still, time doesn’t.
So today, one of the largest and most economically powerful demographics…the baby boomers…are living in “empty nests”, enjoying or preparing for retirement…and thinking about things like long term care for their parents…and ultimately for themselves.
Of course, every time the baby boomers hit a new economic phase of life, they move markets.
And when they do, smart investors and entrepreneurs find ways to serve those boomers’ needs…and earn great profits.
In the studio to talk about another facet of “the silver tsunami”…Assisted Living Facilities:
- Your silver-tongued host, Robert Helms
- His blowhard co-host, Russell Gray
- Special guest, Assisted Living Facilities entrepreneur, Gene Guarino
Ever since Rich Dad Advisors Josh and Lisa Lannon showed us how they turned McMansions into cash flowing addiction recovery centers, we’ve been fascinated with the concept of combining business with social service with real estate.
So you can imagine how excited we were when we met Gene Guarino!
Gene is a Certified Financial Planner turned real estate entrepreneur. And he’s found a very profitable niche converting single family homes into assisted living facilities.
Even better, Gene is a a gifted teacher. So not only does he know how to make money with assisted living facilities, he’s expert at teaching others how to do it too.
The opportunity in assisted living seems obvious…when you think about it. And once Gene brought it to our attention, the more we think about it, the more sense it makes.
After all, you’ve got this HUGE demographic of baby-boomers getting older. And they happen to be the most affluent demographic on the planet.
So the opportunity to help them set up their elderly parents in a nearby home in a nice area…with 24/7 care and a “homey” feeling (versus a “clinical” feeling)…is a great way to get some cash flowing your way.
And with high income per “tenant”…and multiple tenants per home…you end up with more than enough cash flow to pay care providers…and end up with lots of extra cash at the end of every month.
So you can make enough money to pay for a very nice home…providing a valuable service to an affluent demographic who can afford to pay you…and have a tenant base who don’t abuse your property, typically stay for years and are highly motivated to pay the rent on time.
We like it. And we think you’ll like it too.
So listen in to our interview with Gene Guarino. And when you you’re done, be sure to check out Gene’s video training explaining how YOU can turn a single family home into a cash flowing assisted living facility.
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