Residential Assisted Living: How to Vet Sponsors with Loe Hornbuckle

01/10/23 • 36 min

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Passive Wealth Strategy Show - Real Estate for Busy Pros

In this episode, Loe Hornbuckle talks about vetting sponsors in the residential assisted living and memory care space. He shares about how the focus is on providing quality care for the residents and how to find the folks who are taking care of the residents.

[00:01 - 07:26] Defining Residential Assisted Living

Loe shares his background and how he got into the residential assisted living space
Assisted living means someone needs help with activities of daily living
Memory care is a mental health component of assisted living
Being considered as a boutique assisted living and memory care community

[07:27 - 21:51] A Look at Stewardship Finding and Finding Balance

Smaller facilities offer advantages such as more personal and intimate experience
Investors should focus on being a good steward of the residents and families
Caregivers should put humans above profit
A blend of capitalism and socialism is needed to avoid negative outcomes

[21:52 - 31:49] Ethics and Profit in Assisted Living

Balancing the needs of residents, staff, and the business in order to find success
Assisted living and memory care is a human resource business with a real estate component
Investors should look for operators who understand the needs of the staff
Understanding the human resource side of assisted living is important

[31:50- 36:21] Closing Segment

Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
What is your favourite book?
- How to Stay Alive in the Woods by Bradford Angier
Richard Wilson’s indispensable tool
- Gallups Strengths Finder Test
What are you looking forward to in 2023?
- Going to Europe

Connect with Richard Wilson:

Website: https://www.thesageoakcompanies.com/, https://goodhorncapital.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“So you're creating a place where people are providing a very valuable service to people.” - Loe Hornbuckle

[00:01 - 07:26] Defining Residential Assisted Living

Loe shares his background and how he got into the residential assisted living space
Assisted living means someone needs help with activities of daily living
Memory care is a mental health component of assisted living
Being considered as a boutique assisted living and memory care community

[07:27 - 21:51] A Look at Stewardship Finding and Finding Balance

Smaller facilities offer advantages such as more personal and intimate experience
Investors should focus on being a good steward of the residents and families
Caregivers should put humans above profit
A blend of capitalism and socialism is needed to avoid negative outcomes

[21:52 - 31:49] Ethics and Profit in Assisted Living

Balancing the needs of residents, staff, and the business in order to find success
Assisted living and memory care is a human resource business with a real estate component
Investors should look for operators who understand the needs of the staff
Understanding the human resource side of assisted living is important

[31:50- 36:21] Closing Segment

Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
What is your favourite book?
- How to Stay Alive in the Woods by Bradford Angier
Richard Wilson’s indispensable tool
- Gallups Strengths Finder Test
What are you looking forward to in 2023?
- Going to Europe

Connect with Richard Wilson:

Website: https://www.thesageoakcompanies.com/, https://goodhorncapital.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“So you're creating a place where people are providing a very valuable service to people.” - Loe Hornbuckle

Previous Episode

Real Estate Investing Science of Success & Mastering Self Storage with Michael Wagner

In this episode,Michael Wagner talks about the science of success, not just in self storage, but in life. Michael shares how he was able to become successful in the self-storage space by taking advantage of his brand marketing and knowledge training company, the Storage Rebellion and how we can apply the principles of success in our everyday life.

[00:01 - 08:30] Unlocking Extraordinary Lives Through Self-Storage Investing

Michael Wagner shares about his background and how he got in to self-storage
The Storage Rebellion teaches people how to invest in self-storage
achieving storage success and an extraordinary life is through a parallel pursuit of both

[08:31 - 15:18] Cultivating Unwavering Faith in Yourself to Achieve Your Goals

Defining success for yourself and reverse engineering a plan to get there
Unwavering faith in yourself and not quitting until you achieve your goal
Extending grace to yourself when you come up short

[15:19 - 30:00] Uncovering the Upper Limit Problem

Building a toolkit to help get out of a rut
Surrounding yourself with empowering and inspiring content
Replacing negative thoughts with positive ones and using affirmations to drown out negative voices

[30:00 – 34:05] Closing Segment

Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
What is your favorite book?
- Be Your Future Self Now by Dr. Be Your Future Self Now
Michael Wagner’s indispensable tool
- A personal and well defined vision
What are you looking forward to in 2023?
- Traveling in a camper

Connect with Michael Wagner:

Websites: https://www.thestoragerebellion.com/, https://www.storagerebel.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“The fastest way to extraordinary life and storage success is if we do what I would call parallel pursuit of both. So we're going to pursue storage success and we're also concurrently gonna pursue an extraordinary life because the extraordinary life can be used as fuel to enhance the storage success.” - Michael Wagner

Next Episode

Becoming an Employee Millionaire thru Real Estate with HJ Chammas

In this episode, H.J. Chammas shares his story and process for becoming an "employee millionaire" through real estate investing. He discusses the blueprint for building up a passive income through real estate investing, and how he was able to escape his day job through this method. He also talks about the risks he has experienced and how he helps his students navigate the real estate market.

[00:01 - 09:47] Real Estate Investing for Financial Independence

Utilizing good debt to increase wealth and stability by investing in assets for passive income
Distress sales and deals exist in all markets, even where big investors are present
Leverage steady income to secure funding for real estate investment

[09:48 - 17:25] Mastering the Art of Real Estate Investing

The importance of repetition and overcoming limiting beliefs
Using good debt strategically can help build wealth and stability
It’s not about how many doors you have but the cash flow from each door

[17:26 - 23:32] Overcoming Distractions for Long-term Success

Staying focused and avoiding distractions, such as "shiny object syndrome”
Avoid investing in speculative investments but invests in something you have full control of
the key to building wealth in real estate is to stay focused and accumulating properties

[23:33 - 29:50] Closing Segment

Quick break for our sponsors
- The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
What is the best investment you've ever made other than your education?
- Rental Properties
H.J. Chammas’s worst investments?
- Putting money in the bank
What is the most important lesson you’ve learned in business and investing?
- Failure is an opportunity

Connect with H.J. Chammas:

Website: https://www.employeemillionaire.com

Social Media : LinkedIn

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“You become at least as rich as the amount of good debt you take in your life” - H.J. Chammas

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