In 2020, the U.S. assisted living facility market was valued at $83 billion, and that value is expected to increase substantially over the next decade.
My guest today has a mission to revolutionize the assisted living industry by making it available for any individual to invest.
Chuck Bongiovanni is the CEO and co-founder of Majestic Residences Franchise System with a trademarked turnkey operation that generates $5,000 per resident per month.
Today Chuck is going to explain how investors and caretakers can set up six to sixteen bed residential assisted living facilities in residential neighborhoods. We’ll talk about the income and expenses to anticipate, how to staff them, and technology his group is using to provide maximum comfort to the residents. We’ll also discuss the difference in mindset between an investor in this space and a caretaker, and how the two can work together to make these facilities happen.
Most people aren’t aware of these types of facilities, yet they’re in every city and will double in size over the next ten years. I know you’ll find this conversation with Chuck to be interesting and informative. You can find out more at https://www.discovermajesticresidences.com.
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.
It’s been 109 episodes and 2 years of a pandemic, but we’re finally able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his story in episodes #168 and #225 while we brainstormed ways for him to fix his broken business model and get rid of three trucks that were costing him over $25,000 per year in debt payments.
This episode was recorded at the RPOA’s 2022 annual conference in Grand Rapids where we were able to reunite with Justin Workman, Patrick Spitzley, and Stephen Benedict for an exciting mastermind session. We were all impressed to learn about the profitable new turn Ramond’s business has taken, and how he’s barged into a new business and found success by disrupting old models and outdated agreements.
For those of you who remember Ramond from past episodes, I know you’ll be incredibly impressed by his progress and newly acquired confidence. You can contact Ramond through email at ramond.harris@yahoo.com.
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.
My guest today loves short-term rentals and a few years ago he set out to create a platform to bring the tools of industry giants to the normal investor.
Masrur Huq is the founder of Dynamic.RE, a prop-tech solution that leverages big data to help real estate investors increase their profitability and run their rentals and Airbnbs.
Today we’re going to discuss level one due diligence and how to determine a property's highest and best use. Masrur will show us the process he goes through to determine rental and pricing comps, while aggregating data from AirDNA and other sources to pinpoint the highest profit margins.
Being successful in real estate investing often involves finding solutions that others haven’t thought of or discovered. What I love about today’s interview is that Masrur not only came up with a solution, he’s managed to put it into a software format that anyone can use.
You can find out more about Masrur through his website: https://www.dynamic.re
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.
Even in these challenging economic times, multifamily real estate continues to perform exceptionally well. Hypergrowth in this investment market has led to intense competition for available properties.
But instead of getting caught up in the frenzy and making a reckless purchase that could sink you, it’s critical to carry out an on the ground inquiry. Take the time to find out what’s really behind the seller’s motivation to sell, use street knowledge to discover whether it’s a sound investment, and think outside of the box about where to find hidden value.
Those are the big ideas motivating my guest today. Sam Liebman is founder and CEO of WealthWay Equity Group a New York-based private equity and real estate development company. He has owned substantial interests in multifamily communities, office buildings and shopping centers, to the ground up construction of a luxury 21-story condominium development in Manhattan. His new book is Harvard Can’t Teach What You Learn from the Streets: The Street Success Guide to Building Wealth through Multi-Family Real Estate.
Sam is going to share some of the great insight you can find in his book. We’ll discuss how he deploys psychological due diligence to uncover the hidden story, why he considers himself a detective and the suspect is always the seller, how the town drunkard saved him $200,000 on a deal, and the office and retail Armageddon he believes is about to happen.
I know you’re going to enjoy this conversation with Sam. You can find his book on Amazon, and contact him through his website: https://samliebman.com
One of the truths we rely on as residential real estate investors is that everyone needs a place to live. A similar, yet even more powerful truth can be claimed about the investing strategy that we’ll be discussing today. That truth is that everyone needs to eat. Where does the food we eat come from? Farms of course!
So what are the opportunities and strategies we should know to successfully invest in farmland?
My guest today, Brandon Silveira, is a fourth-generation farmer and CEO of FarmFundr, a crowdfunding portal giving investors access to fractional ownership in high-profit potential farmland. Brandon is going to share the compelling reasons to invest in farmland and the potential profits you can make.
According to Brandon, we’ll need to double our farming output to meet the world’s demand for food in the coming decades. There’s a reason why billionaires like Bill Gates are investing in farmland, and Brandon is going to share how you can join them.
You can contact Brandon via email or visit his website:
info@farmfundr.com