In this episode of Assisted Living Investing with Brett Chotkevys, we uncover one of the biggest pitfalls in the assisted living industry: unnecessary deal structures and partnerships that can cost you over $1 million. 🚨 From splitting cash flow improperly to losing equity during an exit, we discuss how seemingly small decisions can have massive financial consequences.Brett shares insights on the three key types of partners you might need for a successful assisted living project—real estate, ...
Want to take on big deals but struggling to get funding? In this video, Brett Chotkevys explains how to leverage balance sheet partners to secure funding for real estate investments and scale your business. From finding the right investor to structuring deals for success, Brett shares his personal journey and insights. Don’t miss this guide to achieving financial freedom!🔑 Topics Covered:What is a balance sheet partner?When to bring on an investor partnerStructuring deals to grow your busines...
Creating engaging and meaningful activities for assisted living facilities is both an art and a science, especially when tailored to unique settings like assisted living mansions. In this insightful video, Brett from Platinum Resort dives deep into the process of designing activities and systems that enhance the lives of senior residents.Explore a step-by-step guide to crafting structured schedules that focus on compliance, budgeting, and personalization. Brett shares his wealth of experience...
Are you wondering how to promote your managers or hire the right team for your assisted living operations? In this episode, Brett Chotkevys dives deep into the key considerations for selecting and promoting managers in the assisted living and healthcare industry. Whether you're preparing to promote from within or hire externally, this video highlights the importance of upholding and enforcing high standards in your business.Brett shares insights on what qualities to look for in potential mana...
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 demands of assisted living and often creates unnecessary challenges.Brett discusses the key diffe...
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 luxury memory care facilities, you can inspire trust and build meaningful connections. Brett expl...
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 reducing investor risk, building confidence, and maximizing your control and equity in the deal.With...
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 renderings that clearly communicate your vision. Next, we discuss effective deal structures, ensuring th...
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 approach supports partners from different professional backgrounds, empowering them to participate in this high-im...
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, including financial strength, relevant experience, and a local presence for first-time projects. Br...
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 residents can significantly boost your profits.The discussion focuses on finding the right market and ...
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 staffing requirements, and how these factors directly influence your potential income and expenses. W...
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 care and end-of-life care remains consistent and compelling for investors.This episode offers an i...
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 your assisted living project. Brett also shares expert tips on how to attract investors and raise ca...
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 investing in high-end, luxurious furniture can elevate your assisted living facility. Brett explains h...
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 business’s social media can lead to more tours, higher occupancy, and ultimately, higher revenue without...
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 stuck working in the business instead of on it.Have you ever felt like you can’t let go of a bad hire...
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 been doing to get ready.Ever wonder how to sell out all your beds before you even get your license? ...
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 financial freedom through rentals suddenly sell them all? What’s the real difference between managing a portfolio of ren...
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 quit just when they’re on the brink of success?Join me as I explore why most real estate ventures and bus...