Assisted Living Investing

Brett Chotkevys

Welcome to "Assisted Living Investing," the ultimate podcast dedicated to helping you thrive in the world of Assisted Living investments. Join your host, Brett Chotkevys, as he shares his expertise and insights into the lucrative realm of assisted living. In each episode, Brett delves deep into the strategies, challenges, and opportunities of investing in Memory Care Mansions. Whether you're a seasoned investor or new to the industry, this podcast offers invaluable guidance and practical advice to navigate the ever-evolving landscape of senior care. Brett unravels common myths surrounding assisted living investing, debunking misconceptions and shedding light on the realities of this thriving market. From understanding the financial considerations and operational intricacies to exploring different investment models and approaches, he provides actionable tips and real-life examples to empower you on your investment journey. Discover the secrets to maximizing profitability, scaling your portfolio, and creating sustainable income streams in the booming assisted living sector. Learn about the latest industry trends, regulatory updates, and market insights that can shape your investment decisions. Whether you aspire to be an owner-operator, a passive investor, or simply seek to expand your knowledge in this niche, "Assisted Living Investing" is your go-to resource. Tune in to gain a competitive edge, unlock new investment opportunities, and embark on a rewarding venture that combines financial success with making a positive impact on the lives of seniors.Assisted Living Investing, Memory Care Mansion, Memory Care Mansion Neighborhood, Senior Care Investments, Assisted Living Strategies, Assisted Living Challenges, Investment Opportunities, Residential Assisted Living Myths, Financial Considerations, Assisted Living Operational Intricacies, Investment Models, Profitability, Scaling, Sustainable Income Streams, Industry Trends, Regulatory Updates, Assisted Living Market Insights, Real Estate Market Insights, Owner-Operator, Passive Investor, Financial Freedom, Financial Success, Positive Impact, Seniors. Intro Music by Alex_Kizenkov via Pixabay

  1. 1D AGO

    Same Business…One Owner Burns Out, The Other Makes $40K/Month | EP 140

    Most assisted living operators are doing everything right…But still barely breaking even. So what separates those stuck working 6–7 days a week…from those pulling $40K–$50K/month while working a few hours a week? 👉 It’s not effort.👉 It’s not care quality.👉 It’s the math behind the deal. In this video, we break down the exact numbers that determine whether your assisted living business becomes a burnout trap… or a time + financial freedom machine. You’ll learn: Why small 6–8 bed homes fail financiallyHow fixed expenses quietly kill profits The 2 levers that explode your incomeHow scaling to 16 beds changes everythingThe real path to $40K+/month net profitIf you’re serious about building a profitable assisted living business, this is the breakdown most people never see. 👉 Visit: https://assistedlivingmansion.com👉 Book a call + get access to free training 0:00 – Why Most Operators Burn Out0:36 – Two Types of Assisted Living Owners1:56 – The Real Reason Some Fail (Numbers)2:48 – Breaking Down Expenses (Fixed Costs)6:54 – 8 Bed vs 16 Bed Cost Comparison8:34 – The Income Game-Changer9:02 – The 2 Profit Levers Explained11:03 – Real Example: $64K vs $128K Revenue12:02 – How $40K/Month Is Achieved13:04 – The Biggest Misconception About Scaling14:25 – Why Bigger = Less Work16:02 – The Two Business Paths (Burnout vs Freedom)17:37 – Timeline to Time Freedom19:33 – How to Structure a Winning Deal21:14 – Next Steps + Free Resources 🚀 Want to Learn More?⏱️ Timestamps

    22 min
  2. MAR 27

    Turn a House Into $500K/Year (Step-by-Step) | EP 139

    Most people think you need a massive facility to make real money in assisted living…You don’t.In this video, we break down how a normal single-family house can be converted into a high-cash-flow assisted living business generating $500,000+ per year—and how we personally did it starting with zero experience.But here’s the truth most people won’t tell you: Small deals failBad setups trap you in the businessAnd if you don’t structure this right—you’ll burn out fastWe’re walking you through:The exact model that worksWhy 16 beds is the “magic number”Real numbers (revenue, expenses, profit)What to look for—and what to avoidHow to build a setup that gives you time freedomIf you’re serious about getting into assisted living, real estate investing, or building passive income—this is where you start.:round_pushpin: Timestamps0:00 – How a house can make $500K/year0:35 – Why this model actually works1:16 – New construction vs home conversion2:05 – Why most people fail at this3:00 – The math behind $500K/year5:20 – Real example: house conversion walkthrough7:00 – Pricing strategy ($8K–$10K per resident)10:00 – Why small homes are a mistake13:20 – Real revenue & profit breakdown19:30 – The hardest part (real talk)22:00 – Bootstrapping, COVID & Great Resignation24:00 – How to remove yourself from operations26:00 – Building time + financial freedom:rocket: Learn More / Get Started Learn how to get started: https://assistedlivingmansion.com Free training + resources: https://assistedlivingmansion.com/resources:key: Keywords (naturally embedded)assisted living business, senior living investing, assisted living investing, real estate cash flow, passive income strategy, home conversion assisted living, memory care business, how to start assisted living

    32 min
  3. MAR 20

    Before You Buy Land… Watch This (3 Deal Killers) | EP 138

    Buying land for assisted living can feel like the first big win… until hidden deal killers blow up the project.In this episode, Brett breaks down 3 hidden land deal killers that can cost developers $20,000 to $100,000+ before they even start construction.Many aspiring assisted living developers get excited when they find what looks like the perfect property. The zoning seems right, the acreage looks great, and the location feels ideal.But what most people don’t realize is that land development has layers of hidden risk — and if you miss them, the deal can collapse months later after you’ve already spent tens of thousands on due diligence.In this episode you'll learn:• Why land size and shape can make a property unusable• How zoning and special use permits can derail a project• The hidden utility issues (especially fire water) that can kill dealsIf you’re looking to build assisted living or memory care communities, understanding these risks could save you tens of thousands of dollars and months of wasted time.This is why Brett and the ALM team review land deals carefully before moving forward — because most land that looks perfect on the surface doesn’t actually work.If you're serious about getting into assisted living development, this episode will help you avoid the School of Hard Knocks.Timestamps00:00 – The biggest mistake when buying land00:20 – Why excited buyers miss hidden risks01:00 – The reality of land due diligence02:30 – Hidden Deal Killer #1: The land itself03:30 – Land shape, setbacks, and usable space04:50 – Impervious coverage explained06:45 – Hidden Deal Killer #2: Zoning07:45 – Special use permits and city approvals09:00 – Neighbor opposition and planning meetings11:15 – Hidden Deal Killer #3: Utilities11:45 – Fire water requirements explained13:00 – The million-dollar utility problem14:30 – Wells, septic, and setback challenges16:40 – Why large land parcels still fail17:40 – Brett’s personal lessons losing money on deals18:05 – Why assisted living development is still a massive opportunity19:10 – How to learn more or partner with the ALM team#assistedlivinginvesting #realestatedevelopment #landdevelopment #landdevelopment #seniorliving #assistedlivinginvesting #commercialrealestate #entrepreneurship #passiveincome #realestatetips #businessstrategy

    20 min
  4. MAR 6

    The $1M Surprise Cost When Building Assisted Living (Line-by-Line) | EP 136

    Most people can budget for the land, building, and construction…but the hidden costs (aka soft costs) are what blow up deals — sometimes by $1,000,000+.In this episode, Brett breaks down a real SBA closing document line-by-line to show you exactly what banks include in total development costs: permits, architects/engineering, contingency reserves, construction & lease-up reserves, working capital, SBA fees, bank legal fees, FF&E, and more.If you’re planning new construction, a major addition, or a large renovation for assisted living, this video will help you forecast accurately, raise money with confidence, and avoid getting blindsided when the term sheet comes back “way higher than expected.”Want help building your assisted living deal the right way?: Visit: www.assistedlivingmansion.comTimestamps (use these in YouTube chapters)0:00 Intro — the hidden costs nobody plans for0:59 Hard costs vs soft costs (what’s the difference?)1:21 Example deal: land + build + site work (hard cost totals)2:19 The $1M+ soft cost surprise (why banks quote “crazy numbers”)3:07 SBA loan context (7a/504 + why fees differ)3:38 Permits & city fees (why they vary wildly)4:04 Architects + engineers + surveys/studies (real ranges)5:06 Construction contingency reserve (why banks require it)6:09 Bank draw / inspection fees (supervision reports)6:53 Construction payment reserves (why SBA is powerful)7:46 FF&E budgets (furniture, fixtures, equipment)8:15 Appraisal (as-is vs as-complete + business value)9:37 Environmental desktop review / SBA requirement10:10 Bank legal fees + doc prep (real-world surprise costs)12:00 Title, escrow, and title insurance lessons13:17 Survey + SBA fees (“pay to play”)15:07 Lease-up reserves (post-construction runway)16:48 Working capital (why more is usually better)18:15 Grouping the costs + what matters most19:34 What you must have BEFORE loan docs (4 requirements)20:02 How soft costs can count toward your down payment21:08 Why SBA beats conventional for funding soft costs24:21 Down payment strategy + raising investor capital25:48 Final encouragement + where to learn more

    26 min
  5. FEB 21

    Why I Quit House Flipping for Assisted Living | EP 134

    I was flipping 35 houses a year…Working 60–70 hours a week…Making around $300K.And I realized something:House flipping is a great place to start.It’s a terrible place to finish.In this episode, I break down how I transitioned from flipping $300,000 houses to building $30 million assisted living developments — and why this model produces:• Higher cash flow• Massive equity upside• Real scalability• Freedom of timeIf you’re a real estate investor wondering what’s next after house flipping or rental properties, this may completely shift how you think about building long-term wealth.---🔹 What You’ll Learn• Why house flipping caps your income• The real problem with “passive” rental income• How assisted living generates $400K–$500K per property• How we build neighborhoods worth $30M+• The equity strategy most investors ignore---🔹 Timestamp Breakdown00:00 – From $300K flips to $30M developments02:30 – The hidden trap in house flipping06:45 – Why rentals weren’t truly passive12:20 – Our first assisted living project17:30 – $40K/month working less than 1 day/week23:10 – The mansion model (16-bed strategy)29:00 – $400K–$500K per property explained34:40 – Building a $30M development41:15 – The equity play most investors miss46:30 – How to transition out of flipping---🔹 Ready to Learn More?If you’re serious about transitioning from flipping houses into assisted living development:👉 Book a 15-minute call:[https://assistedlivingmansion.com](https://assistedlivingmansion.com)We’ll walk you through the model and see if it’s the right fit.---This episode is for:• Real estate investors• House flippers• Rental property owners• Entrepreneurs looking to scale• Investors seeking higher cash flow

    13 min
4.8
out of 5
20 Ratings

About

Welcome to "Assisted Living Investing," the ultimate podcast dedicated to helping you thrive in the world of Assisted Living investments. Join your host, Brett Chotkevys, as he shares his expertise and insights into the lucrative realm of assisted living. In each episode, Brett delves deep into the strategies, challenges, and opportunities of investing in Memory Care Mansions. Whether you're a seasoned investor or new to the industry, this podcast offers invaluable guidance and practical advice to navigate the ever-evolving landscape of senior care. Brett unravels common myths surrounding assisted living investing, debunking misconceptions and shedding light on the realities of this thriving market. From understanding the financial considerations and operational intricacies to exploring different investment models and approaches, he provides actionable tips and real-life examples to empower you on your investment journey. Discover the secrets to maximizing profitability, scaling your portfolio, and creating sustainable income streams in the booming assisted living sector. Learn about the latest industry trends, regulatory updates, and market insights that can shape your investment decisions. Whether you aspire to be an owner-operator, a passive investor, or simply seek to expand your knowledge in this niche, "Assisted Living Investing" is your go-to resource. Tune in to gain a competitive edge, unlock new investment opportunities, and embark on a rewarding venture that combines financial success with making a positive impact on the lives of seniors.Assisted Living Investing, Memory Care Mansion, Memory Care Mansion Neighborhood, Senior Care Investments, Assisted Living Strategies, Assisted Living Challenges, Investment Opportunities, Residential Assisted Living Myths, Financial Considerations, Assisted Living Operational Intricacies, Investment Models, Profitability, Scaling, Sustainable Income Streams, Industry Trends, Regulatory Updates, Assisted Living Market Insights, Real Estate Market Insights, Owner-Operator, Passive Investor, Financial Freedom, Financial Success, Positive Impact, Seniors. Intro Music by Alex_Kizenkov via Pixabay

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