niche
Let me fully explain that by crunching the
numbers.
The national average for a private
room in a residential assisted living care
home is $3,500 per person, per month.
Keep in mind that there are people paying two and three times that and there
are people paying half that amount. You
get what you pay for of course. Remember that 70% or more of the wealth in the
U.S. is controlled by seniors. You may
not be able to afford or provide for your
own long-term care needs, but they can.
Keep reading and I will share with you
how you can live for free when you need
your own long term care.
How much can I really make?
With a home that is licensed for 10
residents, at an average rate of $3,500
per resident, that is $35,000 per month
in potential gross income. The expenses, including debt service or rent and
even vacancy is about $25,000. That
leaves a net profit of $10,000 per month
for an average home. That is for an
average home and an average clientele.
I have homes that gross $40,000 and
$50,000 per month and more. The reality is the expenses are virtually the same
for an average home as they are for an
above average home. The difference is
the cost of the real estate.
As a landlord you could be very happy
to have a couple thousand dollars per
month in positive cash flow. As the operator of the RAL you can earn $10,000 to
$20,000 net per month. That is a true
win-win situation.
If you are considering renting your
home to an RAL operator…
You will be well served to learn all
you can about this opportunity. You will
want to know what your tenant, the RAL
operator, is supposed to be doing to be
successful. That way you can better
choose the right tenant and be set up for
success from the start. At RAL Academy, I show people how they can profit
whether they are a landlord or a tenant.
You can profit either way.
This is not just another real estate
“fad” that comes and goes.
This is a massive shift in housing demographics. You will either be riding on
top of this unstoppable wave or you will
hesitate, procrastinate and potentially
miss it co mpletely. That choice is yours
but you will be a participant one way
or the other. I have comparatively little
Realty411Guide.com
When we age we become more dependent upon the help
of others in order to do basic activities of daily living.
These self-care activities include ADLs such as cleaning,
clothing, bathing, medication management and food prep.
competition. How many people do you
know that are in the business of RAL?
With RAL it doesn’t matter whether
the real estate market is at the peak
or coming down from it, cashflow is
cashflow. After 30 years as a real estate
investor, doing everything from fix and
flips, short sales, REOs, lease options
and more, my goal is now just one thing:
Significant long-term residual cash flow.
Residential Assisted living gives you the
opportunity to do one deal and you are
done. For life.
What is the key to success in Residential Assisted Living?
The key to success in RAL is in the
details. You need to know which type of
home works best, what location is best,
how to find the home that no one else
wants that will work perfectly for a RAL
home and how to do it quickly without all
the guess work. You need to know how
to find the right team to make your life
easy and to fill the home with high-paying residents. I’m sure there are more
questions coming to mind for you like:
What about the liability? What about a
two- or three-story home? What about…
There is a lot to know, but the good
news is you are not on your own.
If you want help in learning how to
do this, it is available. Learn more at
PAGE 77 • 2016
www.RALAcademy.com The phrase,
“paying for speed” is not just an expression, it’s a reality. That’s why the
Residential Assisted Living Academy
was founded. To show others what
to do and what not to do in an easyto-follow, step-by-step process. I’ve
done it, and I show you how you can
do it too.
The “Silver Tsunami” is here and
the opportunity to “Do Good and
Do Well” is clear.
If you would like to learn more, at
my training programs we go into depth
so you will be totally prepared to succeed in this endeavor. Imagine having
one RAL home providing your family a
$10,000 per month POSITIVE CASH
FLOW… Now, imagine scaling a bit
and having two or three… now you’re
getting the idea. It’s a new world out
there. The days of making a few hundred dollars a month in cashflow per
house are history. If you’d like to learn
how to do one deal and make $10,000
per month or more, let me show you
how you can make that happen.
Gene Guarino, CFP is the founder of
the Residential Assisted Living Academy. Learn more by visiting www.
RALAcademy.com. Gene can be
reached at: [email protected]
reWEALTHmag.com