All Forum Posts by: Al Boettger

@Sue Duvall I suggest you go to a site for the residential assisted living academy in Phoenix. There are several free videos you could watch, and you can get information on the training that they have as well. It is a three day intensive in Phoenix, although they did have a homestudy course, and of course during the Covid had some virtual as well. Perhaps a telephone call to them, you could ask about what’s available. While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all. As far as wanting to be nurse and cook, generally the level of care is five patients per one caregiver, and if you were the caregiver, you might not have a lot of time to be cooking. Suggest you get your game plan in place first then go forward once you have the goal in sight. My telephone number is included below if you have any questions or wish to speak, I have several minutes best wishes to you.

Have you looked into any training regarding an ALF?  If not, I would suggest the Residential Assisted Living Academy (RALA) in Phoenix.  As for state reg's I would suggest your states health and human services.

I am speaking of something known as "residential assisted living", a step between a retirement community and a nursing home, where senior get help with their ADL's (activities of daily living, i.e. food, laudry, etc.), all done in a house equipped for them.  They have to be licensed, by someone that has gotten the proper state required documents.  There is a lot to it, and i have below my telephone if you want to discuss, which would be easier then typing.  Just let me know, and best wishes, AB   

I am not sure statistically how many just own and rent out.  There is even a 3rd way: one in which you have one of your entities own then rent to your 2nd entity as the operator.  I am of the opinion that this is a type of calling, not the latest "hot real estate niche".  These are someones loved ones and certainly even if they are now along in years, still someones child.  Accordingly, just owning the RE, and knowing your have a long-term tenant, where you get all of the equity, depreciation benny's, while providing a great benefit for some in need might be a great RE investment opportunity.

Yes, I would say it is a thing.  There is the (1) real estate then there is the (2) assisted living business, so you can have investors who (1) own and then rent out the house-perhaps at twice the going market rent, and their renters (2) are the owners of the assisted living facility or residence (these terms are state specific, i.e. Texas they are facilities, in New Jersey residences, and other names in various other states).  BTW my response is that we are speaking of a "residential" (an actual residential home convert to assist seniors with their activities of daily living) assisted living facility/residence correct? 

@Taylor Philley I attended the residential assisted living academy classes in 2019, I really like the folks there. And have been working on finance since.

The Aubrey area

I agree, lets connect.

I want to connect with others in the assisted living space.  I am currently in NJ but focusing on Texas.  Where are you all from?

Go to the RAL-3day, I have been there, Gene and his team are excellent, and caring.  Wait till it is over to address these questions.