5/24/15: Demographic Shifts – Double Digit Returns with Assisted Living Facilities

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 Guarino runs the ALF Training Academy and teaches investors how to use assisted living facilities to turn single family homes into cash flow money machinesGene 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.Two men enjoy fellowship in an assisted living home

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 webinar explaining how YOU can turn a single family home into a cash flowing assisted living facility.

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Real Estate Field Trip to Dallas Texas!

Why has Dallas become one of our favorite US real estate markets?

  1. Texas is ranked the #1 business friendly state in the US. Last time we looked, tenants have an easier time paying the rent when they have a job.  And landlords have an easier time paying the mortgage when tenants pay the rent.  Jobs are good.
  2. Dallas is the nation’s 5th largest media market. Hey, we are radio guys.
  3. Dallas is in the top 10 big US cities where it makes more financial sense to rent rather than own.  That means tenants stay tenants longer.  Less turnover means less expenses.  Less expenses means better cash flow.  Cash flow is good.
  4. Dallas real estate values have held up very well throughout the mortgage meltdown and the resulting unprecedented drop in real estate values across the US.  After the last two years of “Drop Zone”, a Merry-Go-Round sounds exciting enough.
  5. Dallas is only 2-1/2 hours from Belize. Does that count?
  6. The Real Estate Guys™ TV show is taped in Dallas (Addison actually, but it’s close enough).
  7. Most rental residential real estate prices are well within the FHA / Fannie / Freddie conforming guidelines. That means it’s easier to get loans.  It’s also easier for resale buyers to get loans.  Life is easier when you can get loans.
  8. Our friend, Ken McElroy, says Dallas is one of his favorite markets for the next 5-10 years.  And we think he’s well qualified to have an opinion.
  9. Infrastructure! Centrally located in the US, a huge airport, a great freeway system, on the path from Mexico to the North and Northeast, a big labor force and good higher education.  Plus they have an amazing $1.2 billion football stadium.  That’s infrastructure, isn’t it?
  10. Big and diverse economy. Dallas is home to lots of huge companies.  But for every huge company, there are lots of little ones that support them.

We could go on, but you get the idea.  But why take our word for it?  Come to Dallas and check it out for yourself! Reading blogs and looking at stats on the internet is interesting in “student mode”.  To get to “investor mode” (where you actually buy, own and manage real estate), you need to visit the market.  How long does it take to learn a new market?  A lot longer if you go it alone!

Invest a weekend with us in Dallas and we’ll help you compress time frames. We’ll help you get the lay of the land (literally!), explore various sub-markets, meet local experts and service providers; plus we’ll introduce you to some of our key contacts.  And no one is going to ask (or pressure) you to buy anything including the next “boot camp” or any specific property.  That’s not the way we roll.  But if you find something or someone that interests you, you can follow up when you’re ready.  Sound fair?

For more information, about the next field trip to Dallas, click here.