Assisted Living Investing

In this video, Brett Chotkevys explains why syndication, often used in real estate investing, is not a good fit for assisted living. Assisted living is more than just real estate—it’s an active business that requires strong leadership and hands-on involvement to succeed. While syndication can work for passive investment opportunities like apartment buildings, it doesn’t align with the operational...

In this episode, Brett explores two essential types of marketing for building your assisted living mansion: marketing for investors and establishing a strong personal brand. He highlights the importance of starting your marketing efforts from day one, even before construction begins, to set the stage for success. By sharing your personal story, experiences, and vision for creating better care and...

Are you struggling to get investors to commit to your assisted living project? Brett Chotkevys shares a powerful approach that can make all the difference: reaching a shovel-ready state through a takedown loan. In this video, Brett walks through how this strategy works step-by-step, from securing a short-term loan to finalizing plans, permits, and appraisals. Each component plays a key role in red...

In this episode, we’re sharing how to raise money and how to work with investors for your assisted living facility project. Brett walks through six essential steps to help you overcome common bottlenecks when seeking funding for new assisted living builds. We start by covering the key tools you need to succeed: a strong business plan, detailed financial projections, architectural plans, and render...

Join us for a recap of the four biggest insights from our First Annual "Mansion Builder Live" event in Georgetown, Texas! Together with 50 partners, we explored luxury assisted living construction, connected with our SBA lenders from Live Oak Bank, delved into financing structures, and discussed the significance of cash flow versus collateral-based lending. Our unique partnership approac...

In this episode, Brett Chotkevys sits down with Shep Harris, SVP of Live Oak Bank, to explore how to effectively use an SBA loan for building new construction assisted living facilities. They discuss the critical aspects of securing SBA funding and understanding the various factors that impact SBA payments and interest rates. Shep shares insights into what lenders look for in an ideal borrower, in...

In this episode, we explore strategies for increasing your monthly net profit in Assisted Living by targeting affluent customers. Brett Chotkevys highlights the importance of positioning your business in areas where customers can afford high-end care for assisted living and memory care services. Location is a crucial factor, and Brett explains why moving your business to areas with wealthier resid...

In this episode, Brett Chotkevys breaks down the critical importance of choosing your ideal resident for your assisted living business. He explores how different levels of care—ranging from independent living to assisted living, end-of-life care, and memory care—can dramatically affect your business model. Brett explains how each type of resident has unique care needs, pricing structures, and staf...

In this episode of Assisted Living Investing, Brett discusses the investment potential of memory care and end-of-life services within the assisted living industry. Brett gets into why these sectors represent a stable and resilient opportunity, even in the face of economic downturns. As discretionary spending on non-essential services declines, the demand for essential, high-need care like memory c...

Ready to invest in assisted living? In this step-by-step guide, Brett Chotkevys outlines 4 critical steps for starting your own Residential Assisted Living (RAL) facility. Learn how to research and choose the best properties using Zillow and LoopNet, understand local zoning and building regulations by working with city officials, and explore financing options with SBA and local lenders to fund you...

Welcome to Assisted Living Investing with host Brett Chotkevys! In this episode, learn how to boost profits in your assisted living business by making smart investments in furniture, design, and décor. Want to know how luxury upgrades can increase revenue and attract higher-paying residents? We’ve got the insights you need. Discover why cutting corners on furnishings can hurt your ROI and how inve...

Looking to make more money for your assisted living business using social media? Wondering how to boost occupancy rates and even build a waitlist without adding extra overhead costs? In this episode, we break down the exact strategies that have helped us increase profit and gain time freedom through a simple, consistent social media posting system. You'll learn how showing up daily on your bu...

What’s up, Mansion Builders! In today’s episode of Assisted Living Investing , I want to get into a major trap that many entrepreneurs fall into—becoming a hostage to their business. When we first opened our assisted living, I found myself trapped in the day-to-day operations, sacrificing my time freedom. But here’s the deal: making great money on paper doesn’t mean you’re truly free if you’re stu...

Hey, Mansion Builders! In this episode, I’m getting into the number one thing you absolutely need to do before opening your assisted living. So, what’s the first step to ensure you hit the ground running and even hit profitability in your first month? Well, we’re about four months out from completing our neighborhood of mansions, and I’m going to give you a behind-the-scenes look at what we’ve bee...

I'm sharing a big shift in my real estate journey—why I'm selling off all my single-family rentals. Have you ever wondered if there’s a better way to achieve financial freedom faster? In this video, I’ll walk you through why I'm moving away from single-family homes and diving headfirst into a new, more scalable asset class: luxury assisted living. Why would someone who built financi...

Are you tired of seeing your business dreams dying out before they even take off? Ever wonder why your last big idea or attempt at financial freedom didn't pan out the way you hoped? In this episode, I get into the emotional cycle of change—a pattern that many entrepreneurs face but few overcome. What happens when that initial excitement turns into doubt and despair? Why do so many people qui...

How do I work 4 hours a week through investing? How do you transition from working 40 hours a week to just four? In this video, we explore the steps to reach ultimate time freedom through efficient business management. Discover how you can build a system that allows you to focus on your family, travel the world, and still maintain a profitable business. What does it take to get from 40 hours a wee...

Are you wondering how to achieve financial freedom through real estate investing? What are the best strategies for entering the assisted living industry? In this video, I break down the methods and steps you need to take to reach your financial goals. Should you start small with a six-bed residential assisted living (RAL), or aim for a larger, more profitable commercial-style mansion? We discuss t...

Why is the Residential Assisted Living (RAL) model struggling? How has inflation impacted the profitability of small home conversions? In this episode of Assisted Living Investing, I explain why the RAL model is dead and how you can adapt to these changes. I discuss the challenges faced by the RAL industry post-COVID. Why have staffing costs increased so dramatically? How has inflation affected ex...

Have you ever wondered how you can run a successful assisted living business with just a few people on your payroll? How can you possibly offer all the amenities and services of a big facility with such a lean team? In this episode of Assisted Living Investing, I reveal the secret to maximizing profits while maintaining top-notch care for residents. Join me as I get into the specifics of my staffi...

Are you struggling with creating a diverse and appealing menu for your assisted living? Do you find it challenging to keep your residents happy with their food options? In this episode of Assisted Living Investing, I get into a comprehensive system for crafting an effective chef menu that caters to the unique preferences and needs of your residents. How do you create a menu that satisfies everyone...

In this episode of Assisted Living Investing, I discuss the best strategies for marketing your Assisted Living business. When should you start marketing to ensure profitability from the beginning? We answer this crucial question, helping you understand the optimal timing. Is it ever too early or too late to start? Tune in to hear why starting your marketing efforts early can be so beneficial. What...

In today's episode of Assisted Living Investing, I tackle some key questions you might have about running a successful Assisted Living. Why should you want affluent customers? I talk about how charging premium prices for your memory care mansion can make your operations smoother and reduce drama. What's the difference between running low-income and high-income care homes? We'll expl...

Trying to hire your first manager for your assisted living business and feeling lost? Wondering how to find someone who fits your culture and can handle the industry’s challenges? In this episode of Assisted Living Investing, we share our real-life experiences and tips on hiring that perfect manager. From the pros of experienced professionals to dealing with cultural fits, we've got your ques...

In today's episode, we're addressing key considerations for anyone thinking about moving across the country to pursue real estate deals, especially in building memory care mansions. What challenges and opportunities come with relocating for a real estate deal? How did we navigate leaving California's high costs and stringent regulations for a more business-friendly environment in Te...