Assisted Living Investing
Brett Chotkevys
Welcome to "Assisted Living Investing," the ultimate podcast dedicated to helping you thrive in the world of Assisted Living investments. Join your host, Brett Chotkevys, as he shares his expertise and insights into the lucrative realm of assisted living.
In each episode, Brett delves deep into the strategies, challenges, and opportunities of investing in Memory Care Mansions. Whether you're a seasoned investor or new to the industry, this podcast offers invaluable guidance and practical advice to navigate the ever-evolving landscape of senior care.
Brett unravels common myths surrounding assisted living investing, debunking misconceptions and shedding light on the realities of this thriving market. From understanding the financial considerations and operational intricacies to exploring different investment models and approaches, he provides actionable tips and real-life examples to empower you on your investment journey.
Discover the secrets to maximizing profitability, scaling your portfolio, and creating sustainable income streams in the booming assisted living sector. Learn about the latest industry trends, regulatory updates, and market insights that can shape your investment decisions.
Whether you aspire to be an owner-operator, a passive investor, or simply seek to expand your knowledge in this niche, "Assisted Living Investing" is your go-to resource. Tune in to gain a competitive edge, unlock new investment opportunities, and embark on a rewarding venture that combines financial success with making a positive impact on the lives of seniors.
Assisted Living Investing, Memory Care Mansion, Memory Care Mansion Neighborhood, Senior Care Investments, Assisted Living Strategies, Assisted Living Challenges, Investment Opportunities, Residential Assisted Living Myths, Financial Considerations, Assisted Living Operational Intricacies, Investment Models, Profitability, Scaling, Sustainable Income Streams, Industry Trends, Regulatory Updates, Assisted Living Market Insights, Real Estate Market Insights, Owner-Operator, Passive Investor, Financial Freedom, Financial Success, Positive Impact, Seniors.
Intro Music by Alex_Kizenkov via Pixabay
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The Assisted Living Reality Check: What To Know When Buying An RAL In An HOA - Ep 19
Assisted Living Investing
11/10/23 • 12 min
In this episode, Brett Chotkevys goes over one of the most common pieces of misinformation that is spread in the Assisted Living community. A lot of leaders in the community will tell you to simply just buy a house in an HOA to turn it into an RAL. However, Brett breaks the news that this is wrong. You should avoid buying an RAL in an HOA
Brett discusses a time when he was going to purchase a home in an HOA to start his Assisted Living Business. He did all the proper due diligence and made sure that the deal he wanted to make was entirely legal. However, this didn’t stop the community not wanting him to open up his Assisted Living in the neighborhood. The neighbor wanted to take Brett to court if he opened up his Assisted Living.
Despite being in the right and told by his attorney that he would most likely win a court case, Brett decided to drop out of the deal. A lawsuit could take too much time and money. In this episode, Brett teaches you the mistakes he made when dealing with the HOA and how you can avoid the same mistakes, saving time and money.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
11/10/23 • 12 min
The Secret To Raising Capital in Assisted Living: Equity vs. Debt Strategies - Ep 18
Assisted Living Investing
11/03/23 • 19 min
In this episode, Brett Chotkevys teaches us how to raise money for an Assisted Living Business. Brett has experience in raising capital with both equity and debt, and in this episode, he uses what he learns to teach us valuable lessons and insights. He walks you through the essential steps and considerations when bringing on equity partners and structuring your deals for success.
The tips that Brett uses here can be used whether it's your first Assisted Living Business or your fifth Assisted Living Business. This episode provides valuable insights into financing your projects and building partnerships that work. Brett discusses the advantages of raising money on the equity side, emphasizing the need for cash for the down payment and the appeal of sharing the rewards with investors.
Learn about deal structure, roles, voting rights, and how to create a win-win situation for both operators and investors. Brett shares practical advice and real-world examples, helping you to avoid similar mistakes that he has made in the past.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
11/03/23 • 19 min
Raising $1.1 Million Without Using Your Own Money: Financing Your Way to 100% Equity Ep: 17
Assisted Living Investing
10/27/23 • 19 min
In this episode, Brett shares his valuable insights into creative ways to raise money for your Assisted Living Business. We know that the most common reason why you may be hesitant to start your own Assisted Living Business is due to the lack of funds. That’s why we want to give you the tools and confidence to raise your funds.
In this in-depth discussion, Brett reveals how he raised $1.1 million for an assisted living project without using any of his own money, ultimately retaining 100% equity. He takes you through the entire process, from securing the initial hard money loan to structuring additional loans and even refinancing to bring in more funds and maintain full ownership.
This episode is a must-listen for anyone interested in real estate investing and those looking for alternative financing options to maximize their profits. Brett's practical advice and real-world examples offer valuable lessons for both newcomers and experienced investors.
Don't miss out on the opportunity to learn from Brett's expertise in this niche. Join us on November 2nd at 6:30 p.m. Central Time for a live workshop on "How to Raise Money." Brett will dive deeper into the strategies he discusses in this podcast episode, answering your questions and providing further insights. https://palm.university/webinar-registration-page-td2pezft-
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
10/27/23 • 19 min
Maximizing Assisted Living Profits: The Path To Six-Figure Monthly Income - Ep 16
Assisted Living Investing
10/20/23 • 14 min
In this episode, Brett Chotkevys has his sights set on making some serious six-figure monthly income. At his memory care mansion, He is able to bring in a profit of $500K a year with his business model. And now, he's here to let you in on the secrets to achieve similar results. Sure, you can cut costs, but he firmly believes that the magic lies in increasing income. You can only cut your expenses so low, but you can always increase your income.
First and foremost, Brett emphasizes the importance of choosing the right location. He's talking about those upscale areas where people can comfortably afford higher rents. Yes, it might mean a bit more upfront investment, but that extra $1,200 in property costs can easily translate into a whopping $10,000 more in monthly net profit.
In the second part of the podcast, Brett will shift the focus to the service aspect. He'll reveal how to target a different demographic. Those who need more care can lead to charging higher rents. Don't forget to match your license to the level of care you provide.
Through these strategies, Brett has managed to generate substantial income while still finding time to spend with his family. After all, financial freedom isn't just about th numbers; it's about enjoying life.
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@assistedlivingmansionCheck out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
10/20/23 • 14 min
Navigating the Fire Marshal: Key Questions and Insights to Open an Assisted Living Business - Ep 15
Assisted Living Investing
10/13/23 • 11 min
In this episode, Brett Chotkevys delves into the often-overlooked but essential aspects of starting your first assisted living facility. He highlights the pivotal role of entrepreneurs in taking charge of their projects and explains the significance of early discussions with the local fire marshal. From the intricacies of obtaining permits to potential deal breakers like fire sprinklers, fire hydrants, and more, Brett provides a comprehensive guide to ensure your assisted living venture's success. If you're looking to enter the world of assisted living, this episode is a must-watch to help you overcome the hurdles and achieve financial freedom for you and your family
Don't miss this opportunity to learn from an expert who has navigated the challenges of the assisted living industry. Tune in to gain valuable insights and take your first steps towards a successful assisted living venture.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@assistedlivingmansionCheck out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
10/13/23 • 11 min
Crucial Steps in Assisted Living Investments: Avoid Mistakes in Zoning, Permits, and More - Ep 14
Assisted Living Investing
10/06/23 • 13 min
In this episode, Brett emphasizes the critical importance of conducting thorough due diligence before investing in properties for Assisted Living Homes. During this process of starting your Assisted Living Business, it is very easy to make mistakes that can snowball into huge deal-killers. Brett explores the intricacies of building regulations, zoning requirements, and the permitting process, helping you avoid potential deal-breaking pitfalls along the way.
Additionally, Brett dives into the complexities of dealing with state regulations and the essential questions you should ask to ensure your project meets safety and regulatory standards. He also sheds light on the crucial aspects of utilities, including water, sewer, and electricity, giving you a well-rounded understanding of the challenges and opportunities in the assisted living industry.
Whether you're a seasoned investor or new to the world of assisted living, Brett's insights will equip you with the knowledge and strategies needed to succeed in this rewarding field. Don't forget to subscribe to stay updated on the latest episodes and gain a competitive edge in assisted living investing.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@assistedlivingmansionCheck out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
10/06/23 • 13 min
Deal Maker or Deal Breaker: City Engagement Strategies To Protect Your Assisted Living Investment - Ep 13
Assisted Living Investing
09/29/23 • 21 min
In this episode, Brett Chotkevys discusses one of the most crucial steps in initiating your Assisted Living Business: engaging with your local city officials. This stage is brimming with potential deal killers that can jeopardize your plans. It's essential to ask the right questions upfront to ensure the viability of your project. By communicating with your city authorities, you'll gain valuable insights and requirements necessary to kickstart your journey into the assisted living industry, setting you up for a successful business launch.
Zoning can be a make-or-break factor in the success of an assisted living venture. Brett emphasizes the need to approach city officials, particularly the Planning Department, with precision and clarity. He shares his own experiences with zoning challenges, stressing the importance of clearly describing your project and using residential-sounding terms to avoid immediate classification as a commercial facility. By taking this approach, you can potentially secure a more advantageous zoning classification and avoid unnecessary restrictions. Brett's insights on zoning offer invaluable guidance for anyone considering entering the assisted living industry, ensuring you can make informed decisions and pursue profitable opportunities.
Furthermore, we explore the advantages of widening your search beyond a single city, considering unincorporated areas and county jurisdictions, and using GIS maps to identify suitable properties. This episode equips you with the knowledge and strategies needed to navigate zoning and city regulations successfully, ensuring your assisted living venture is on the path to financial freedom and profitability. #Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@assistedlivingmansionCheck out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
09/29/23 • 21 min
Starting Your Own Assistant Living Business - Researching Competition Through Secret Shopping - Ep 12
Assisted Living Investing
09/22/23 • 18 min
In today's episode, Brett Chotkevys is your guide as we delve deep into the significance of this critical first move. This is the starting point, the essential foundation upon which your entire venture rests. It's the moment you transition from online research to the real world, that you gain priceless insights into the world of Assisted Living.
Our focus today is on secret shopping. Brett Chotkevys shares his personal journey, recounting the days spent visiting numerous assisted living facilities. This immersive experience isn't just about exploring your competition; it's about seeing through the eyes of your future customers.
The core message here is the vital role of observation. By physically visiting these facilities, you'll have the opportunity to assess critical aspects, including the quality of their product (the living spaces), their pricing strategies, and the level of care provided to residents. It's a hands-on approach to understanding why some facilities thrive while others struggle.
Location, pricing, product quality, and the level of care are all pieces of this intricate puzzle. You'll discover how these factors contribute to the overall success or challenges faced by assisted living facilities in your market. Each facility offers unique lessons that will shape your vision and strategy.
This episode marks the vital first step in your journey towards assisted living success. Your path to success in assisted living investing begins here! Be sure to subscribe, like, and share this episode to empower others on their journey to success in this dynamic industry.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: / @assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
09/22/23 • 18 min
Choosing Assisted Living Locations: Transforming Online Research into Perfect Locations - Ep 11
Assisted Living Investing
09/15/23 • 23 min
In this episode, Brett Chotkevys dives into the crucial steps of starting your own assisted living facility. Brett breaks down the process into four key frameworks, with today's focus on the first one: location selection.
Starting with thorough online research, Brett emphasizes the importance of understanding your local market inside out. You'll need to know the demographics, such as age, income, and housing prices, in your target area. This information helps you determine whether there's a demand for your assisted living services and if potential residents can afford them.
Moreover, Brett emphasizes the significance of understanding state regulations and licensure requirements. These regulations differ by state and directly impact your business's operation. Ensuring you're well-versed in these laws is essential to avoid costly mistakes down the line.
Additionally, Brett suggests analyzing the competition. Investigate other assisted living facilities in your area to identify best practices and areas for improvement. Pay close attention to their websites, social media presence, and zoning to gain insights into their success and shortcomings.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevysYoutube: https://www.youtube.com/@assistedlivingmansionCheck out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
09/15/23 • 23 min
Creating a Home Run Exit Strategy in Assisted Living: How to Generate $4 Million per Building - Ep 20
Assisted Living Investing
11/17/23 • 10 min
Welcome to the Assisted Living Investing podcast with Brett Chotkevys! In this episode, Brett shares his secrets on building purpose-built memory care mansions that are not only profitable but also offer a unique opportunity for long-term wealth creation. By designing and constructing facilities specifically tailored for end-of-life care, dementia, and assisted living, you're not only providing a superior product but also maximizing your Assisted Living’s value. Brett reveals his strategy of building at less than 50% of the future value, ensuring substantial profitability.
The Platinum Resort Assisted Living in Georgetown, Texas, is just one example of their expansion plans. If you share the same passion for helping people and want to replicate their business model, Brett invites you to reach out and explore the possibility of partnering with him. Don't miss this chance to learn from an expert in the field and create a thriving business that truly makes a difference. Tune in now and start your journey towards financial success and compassionate care.
#Investing #RealEstate #FinancialAdvice
Follow our socials!
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@assistedlivingmansion
Check out some FREE Resources HERE: https://www.PALM.University
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
11/17/23 • 10 min
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FAQ
How many episodes does Assisted Living Investing have?
Assisted Living Investing currently has 22 episodes available.
What topics does Assisted Living Investing cover?
The podcast is about Investing, Podcasts and Business.
What is the most popular episode on Assisted Living Investing?
The episode title 'The Assisted Living Reality Check: What To Know When Buying An RAL In An HOA - Ep 19' is the most popular.
What is the average episode length on Assisted Living Investing?
The average episode length on Assisted Living Investing is 16 minutes.
How often are episodes of Assisted Living Investing released?
Episodes of Assisted Living Investing are typically released every 7 days.
When was the first episode of Assisted Living Investing?
The first episode of Assisted Living Investing was released on Jul 7, 2023.
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