Welcome back to the show, my party people! It’s been a while since the last episode, so I thought we’d dive right back in with a really hot topic: Residential assisted living. 

My guest, Gene Guarino, an expert in the field, is going to explain to us how we can turn a residential home into an assisted living facility. It’s a fascinating conversation and what he has to say will blow your mind.

Tune in to hear how many ways you can skin this cat!

Minute Markers

• [03:45] Gene introduces himself and describes his ideal client.
• [04:55] His foray into the world of assisted living facilities.
• [06:48] Gene’s prior career running a music school.
• [08:51] Why cash flow is better than equity value.
• [10:05] Gene’s big challenges getting into the assisted living business.
• [15:04] Your best asset as a businessperson. 
• [16:01] The two parts to what Gene does.
• [17:15] Shooting for 20-30% profit.
• [19:41] Clarifying the terms of this business.
• [22:46] Gene’s favorite motivational quote.
• [23:07] Gene’s book recommendation. 
• [24:15] Gene’s favorite app. Tunity
• [26:28] Why he chooses to work in the assisted living field.
• [27:12] What makes him feel grateful.

Links and Resources

RAL 101

Cory’s Coaching

Unlimited Selling Power

Tunity

Ask Cory a Question

Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you.  Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally.

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