Residential Assisted Living as a Real Estate investment

[Carlos Castañon]

Hi everyone! First of all, I hope you and your love ones are doing fine with this Coronavirus issue. Take Care!

So, I´ve been exploring different niches for my initial investment in Real Estate and one of them is Residential Assisted Living (RAL). Apparently numbers are good but my concern is that this type of investment may requiere more attention and involvement. For instance, you have to look for the caregiver who is willing to run the place. Then you´ll hope that he or she runs a good business so you can collect your rent. 

The other option is that you get involved in the operation of the Care business, BUT I think that´s very specialized and will demand al lot of work. 

Anyone already involved in this kind of investment? How "passive" can this business be? 

Best!

[Sendhil Krishnan]

Hi @Carlos Castañon

you are correct, this is not a passive investment opportunity by any means. I have previously posted about my experiences in the RAL space and nothing about it is "hands off"' or a passive type investment. The returns are great but only after you develop a good model with a great team in place (which should include a great administrator/manager, and caregivers). Read my latest post for more information and feel free to PM me. i would also refer you to Gene Guarino and his academy for learning more about the nuances of this space. Happy to give you feedback on his courses too.