Eli,
It’s not included, it’s made available for purchase to all of our graduates.
Schedule a discovery session when you’re finished with the program to go over next steps!
Talk soon,
Gene Guarino
Mehmet,
It depends on exactly what you’re looking for, schedule your discovery session today to talk over your options with a team member. Talk soon,
Gene Guarino
There is Rizalene!
Our Inner Circle is part of our platinum membership, it’s a great way to network and meet other RAL home owners from across the country. We have private higher level monthly webinars, they meet twice yearly at private Inner Circle only events and they have their own private Facebook group where they network and chat daily about things in the world of RAL! If you’re interested in learning more, once you graduate your online course, set up a discovery call and let’s chat about those next steps!
Thanks
I know it varies and there are many factors as to how long it can take to open a RAL so my question may be too broad. From experience can you share some common factors of someone that took 6 months to open vs. 12 months? Are these factors by the state during the approval process or the individual opening the home that causes it to take longer? I’m in CA and I’m planning to begin the application process after this training so maybe I can be more proactive to some of the common mistakes applicants make to cause their approval time to be longer! Thanks in advance
James,
Typically if you’re building a home from the ground up it’ll take 12-36 months. If you’re converting a SFH to become an RAL it could take 6-12 months. If you’re buying an existing business that’s already up and running it could take 3-6 months. These are all time-guesstimates but that’s what we’ve typically seen.
Gene
Gene,
I tried to search for the list in the AZ State website for the 3,000 licensed RAL homes in AZ you mention. I could not find it. How can I find the right URL?
Thanks, Vincent
Vincent,
We have all the state by state rules and regs and directories and more. Schedule your discovery calls once you graduate to gain access to that for all 50 states. Also please note if you google Assisted Living Homes Directory in Arizona it should come up on the state website, it’s a downloadable document then you have to sort by how many beds.
Gene
Buying an existing business is not an option for me as there are non up and running at this time. I am looking at buying a residential house and from what I have learned is that on Long Island, NY it will be considered an adult care facility. I was fortunate to of met people at the township level and county level who have been very open minded and helpful. When I ask them if they remember the television show The Golden Girls they say always answer yes. I then say the only difference is it is for people who are around 80 – 90 years old who need help doing one or two things in their ever day life with a care taker there one for the mornings and one over night. People get so excited and want to help.
Elliot, that’s awesome! Let us know how we can help.
A couple of things to note just so you are speaking in correct terms while pitching your home (which I love that fact that you’re pre-marketing and surveying the area)… they will need 24/7 staff within the home, not one in the morning and one over night. Shift work is fine, meaning the staff does 12 hours shifts and switches off, but there will need to be someone there at all times to care for the residents.
Also, I would love to say they only need help with 1-2 activities, but typically in that case, people will stay home to save money. It’s usually once they’ve fallen and broken a hip and the doctor orders them to go to an assisted living home that they will come to live in your home. Technically yes, anyone who needs help with 1-2 of these will be qualified, but for the most part, they won’t come until it’s a need with 5-6 of them.. just want YOU to know those things so you can really grasp what the homes look like inside. As in, the residents are far from self-sufficient like the Golden Girls. If you’re interested Gene does tours of his homes in AZ on the 3 Day Fast Track so you will literally walk through 3-4 of these homes, meet the managers, caregivers and residents and really understand what this looks like on a day to day basis. Let us know how we can help!
Love you enthusiasm and can’t wait to hear of your success!
Jimie,
??? You paid for the course, what else is for sale on here?
If you’re looking to raise capital to start your home then keep watching! We will go over different ways you can syndicate, crowdfunding, use private money, hard money, traditional bank loans, SBA loans and more.
Isabelle
I think Jimie would have been referring to the RAL Business System, the RAL Financial Suite, the Platinum Membership, etc. We know they are excellent resources but it all adds up. In our discovery call upon completion of the course I am sure we can get the costs of these programs. Do you also go over solutions and costs of having investors help us with purchasing?
Katie,
We can discuss help with financing if you need, yes. The entire third day of the live training focuses on raising capital so that may be a great option for you to come out to the live course to learn that material as well.
Isabelle
We have a lot of private independent big box type living homes. Meals are provided, activities, and homecare individuals come in if a little support is needed. It is a level above assisted living. Is this type of situation appropriate for a residential home?
Janice,
I think you mean a level below assisted living?
It goes Independent – Assisted – Nursing.
You can provide this kind of care in your homes, it doesn’t charge nearly as much per resident, so you will not make the numbers we are discussing here, but it’s an option.
Isabelle
If you purchase an existing business, and you cant get a permit under your name for the facility/ business until you own it, do you operate under the sellers permit on day 1 of ownership until your permit is obtained?
Shalondan,
In your purchase agreement with them, you should have that written.
So if you need to hang their license/permit for the first _____ days, make sure that is signed off on and agreed too.
Isabelle
I am currently working with a RE agent who only sells RAL’s, and I have found a couple RAL owners with properties in the right locations with numbers that look good. Homes are nearly filled. I’m wondering how to make minor renovations on the existing homes with residents already living in them without causing a huge stress or inconvenience (ie. remodeling kitchen, flooring, and bathrooms).
In addition, have you found a way to increase the number of residents in a home here in CA to more than 6? 6 seems to be the magical number without following the many more codes and regulations set forth by the state. For that reason, I have narrowed my search to owners with multiple homes in the same neighborhood. Of course, that involves purchasing multiple properties, which greatly increases the amount of capital required to be raised (typically around $1.5 million for business and RE). I’m just wondering if that is the only loophole to work with the strict codes/regulations in my local area. Thank you in advance for your response.
Evan,
This is a challenge, please note we have had this same issue with the first home we bought… changing bedrooms or bathrooms is easy, once a resident passes on, you renovated that one room, and go room to room slowly until the rooms and bathrooms are all completed. Renovating a kitchen with a home will of residents will probably not happen. As soon as the families hear you are doing construction in the home, they will likely move their parent to a different home… nails and dust and loud noises and lots of people in the house, on top of the fact that this isn’t a family of 4 you’re feeding, it’s 10 residents plus staff three plus times a day, it’s not easy to keep up with no kitchen… We’ve done bedrooms/bathrooms and flooring with the first method I shared, but we cannot renovate kitchen or living room spaces because of this huge issue.
If you’re going to purchase an existing facility you need to live with the fact that there are some things you won’t be able to change..
You can apply for a variance, most likely in CA they are going to require you put in a fire suppression system and have enough sq/ft to accommodate. It is possible to do more than 6, but also the numbers work all day long with 6 in CA since it’s obviously a much smaller home then let’s say a home that accommodates 10+ people AND the average cost to live in an RCFE is so much greater than the rest of the country as well.
Hope this helps!
Isabelle
Great video. Last week I enjoyed the monthly webinar and asked about modular homes. Gene laughed and then described how he had mentioned this long ago when it became an idea. Then he gave some pointers on how this may work in some areas, such as if a company who would design the right modular home existed in a particular area. I wanted to let you know, at the end of this video, Gene mentioned the modular idea, in case you wanted to edit that, as it sounded like he was not sure when that was mentioned. At any rate, I like the modular possibility, and might look into it as a possibility in my area. Thanks again!
Dave
Dave, yes, he gets asked about it a lot! 🙂
We are creating a brand new online home study course, that should be launched before the end of the year, so no worries. Thank you!!
Isabelle
If I’m also starting a company for RE holding & renovate the property, should I write the business plan on the holding company’s name only? Or just combine both, and explain the two company’s relationship? Thanks.
Sendhil, Completely up to you and how much you want to explain to your investors or bankers.
If that is going to be important piece in the negotiation and presentation then yes.
If not, then no.
Isabelle
I am having a difficult time getting my head around the issue of buying an existing facility and business vs. purchasing a property, doing the appropriate renovations, and then starting from scratch. Obviously purchasing an existing business with residents in place can lead to immediate cash flow, but it seems one is limited by the facility, difficulty in doing renovations / upgrades with residents in place, and slowly ramping up the price points at which you can charge monthly. Any thoughts?
Paul,
That’s exactly the problem with purchasing an existing, it is VERY hard to do any renovations, you will not be able to change much.
So don’t let a seller convince you that “oh if you added rooms, or changed to kitchen or…” that you could make more money, if it was possible, they would have already done it. There IS benefit in buying and existing home because just like you stated you’re cash flowing right away, but you have got to make sure it’s a good deal, because not much will change between owner to owner.
Isabelle
I was wondering when i get started how do i start paying the facility manager? How much should the facility manager get paid? Do i pay the manager and caregivers out of the money i get from the loan? Please clarify.
Kyara,
You will need to have enough capital to hold your business over until it’s in the green.
You will need to raise that money, or get a loan, or use your own capital, but you will need enough to cover those months of break even or losing money, you can use the money from a loan for business expenses, which includes payroll, mortgage, food, etc. We will discuss this more in the course.
Isabelle
Jan,
I know you’re registered for the 3 day training, this is something that is covered a bit more in-depth there.
Can’t wait to meet you at that event,
Isabelle
Is the financial suite including in the three day live training?
Eli,
It’s not included, it’s made available for purchase to all of our graduates.
Schedule a discovery session when you’re finished with the program to go over next steps!
Talk soon,
Gene Guarino
How much is it ?
Mehmet,
It depends on exactly what you’re looking for, schedule your discovery session today to talk over your options with a team member. Talk soon,
Gene Guarino
Is there any new information regarding the Modular homes for 2019 in AZ? I would love to find out what is currently available.
David, We are not pursuing this route, but some of our students have and are loving it. It’s happening and it’s possible. Gene
Would there be anyway to ask students who are using modular homes what companies they are using and where? is there a forum? Thanks!
There is Rizalene!
Our Inner Circle is part of our platinum membership, it’s a great way to network and meet other RAL home owners from across the country. We have private higher level monthly webinars, they meet twice yearly at private Inner Circle only events and they have their own private Facebook group where they network and chat daily about things in the world of RAL! If you’re interested in learning more, once you graduate your online course, set up a discovery call and let’s chat about those next steps!
Thanks
Thanks 🙂
I know it varies and there are many factors as to how long it can take to open a RAL so my question may be too broad. From experience can you share some common factors of someone that took 6 months to open vs. 12 months? Are these factors by the state during the approval process or the individual opening the home that causes it to take longer? I’m in CA and I’m planning to begin the application process after this training so maybe I can be more proactive to some of the common mistakes applicants make to cause their approval time to be longer! Thanks in advance
James,
Typically if you’re building a home from the ground up it’ll take 12-36 months. If you’re converting a SFH to become an RAL it could take 6-12 months. If you’re buying an existing business that’s already up and running it could take 3-6 months. These are all time-guesstimates but that’s what we’ve typically seen.
Gene
great question!!
Gene,
I tried to search for the list in the AZ State website for the 3,000 licensed RAL homes in AZ you mention. I could not find it. How can I find the right URL?
Thanks, Vincent
Vincent,
We have all the state by state rules and regs and directories and more. Schedule your discovery calls once you graduate to gain access to that for all 50 states. Also please note if you google Assisted Living Homes Directory in Arizona it should come up on the state website, it’s a downloadable document then you have to sort by how many beds.
Gene
Buying an existing business is not an option for me as there are non up and running at this time. I am looking at buying a residential house and from what I have learned is that on Long Island, NY it will be considered an adult care facility. I was fortunate to of met people at the township level and county level who have been very open minded and helpful. When I ask them if they remember the television show The Golden Girls they say always answer yes. I then say the only difference is it is for people who are around 80 – 90 years old who need help doing one or two things in their ever day life with a care taker there one for the mornings and one over night. People get so excited and want to help.
Elliot, that’s awesome! Let us know how we can help.
A couple of things to note just so you are speaking in correct terms while pitching your home (which I love that fact that you’re pre-marketing and surveying the area)… they will need 24/7 staff within the home, not one in the morning and one over night. Shift work is fine, meaning the staff does 12 hours shifts and switches off, but there will need to be someone there at all times to care for the residents.
Also, I would love to say they only need help with 1-2 activities, but typically in that case, people will stay home to save money. It’s usually once they’ve fallen and broken a hip and the doctor orders them to go to an assisted living home that they will come to live in your home. Technically yes, anyone who needs help with 1-2 of these will be qualified, but for the most part, they won’t come until it’s a need with 5-6 of them.. just want YOU to know those things so you can really grasp what the homes look like inside. As in, the residents are far from self-sufficient like the Golden Girls. If you’re interested Gene does tours of his homes in AZ on the 3 Day Fast Track so you will literally walk through 3-4 of these homes, meet the managers, caregivers and residents and really understand what this looks like on a day to day basis. Let us know how we can help!
Love you enthusiasm and can’t wait to hear of your success!
Gene, do you offer scholarships? This program is getting quite expensive!
Jimie,
??? You paid for the course, what else is for sale on here?
If you’re looking to raise capital to start your home then keep watching! We will go over different ways you can syndicate, crowdfunding, use private money, hard money, traditional bank loans, SBA loans and more.
Isabelle
I think Jimie would have been referring to the RAL Business System, the RAL Financial Suite, the Platinum Membership, etc. We know they are excellent resources but it all adds up. In our discovery call upon completion of the course I am sure we can get the costs of these programs. Do you also go over solutions and costs of having investors help us with purchasing?
Katie,
We can discuss help with financing if you need, yes. The entire third day of the live training focuses on raising capital so that may be a great option for you to come out to the live course to learn that material as well.
Isabelle
We have a lot of private independent big box type living homes. Meals are provided, activities, and homecare individuals come in if a little support is needed. It is a level above assisted living. Is this type of situation appropriate for a residential home?
Maybe a residential independent home rather than a residential assisted living home?
Janice,
It’s an option.
Isabelle
Janice,
I think you mean a level below assisted living?
It goes Independent – Assisted – Nursing.
You can provide this kind of care in your homes, it doesn’t charge nearly as much per resident, so you will not make the numbers we are discussing here, but it’s an option.
Isabelle
Thank you. Yes. That was the level I was meaning.
If you purchase an existing business, and you cant get a permit under your name for the facility/ business until you own it, do you operate under the sellers permit on day 1 of ownership until your permit is obtained?
Shalondan,
In your purchase agreement with them, you should have that written.
So if you need to hang their license/permit for the first _____ days, make sure that is signed off on and agreed too.
Isabelle
Thanks! Also, I got your message and I’ll see you all in atl this month!
Awesome! Looking forward to it!
I am currently working with a RE agent who only sells RAL’s, and I have found a couple RAL owners with properties in the right locations with numbers that look good. Homes are nearly filled. I’m wondering how to make minor renovations on the existing homes with residents already living in them without causing a huge stress or inconvenience (ie. remodeling kitchen, flooring, and bathrooms).
In addition, have you found a way to increase the number of residents in a home here in CA to more than 6? 6 seems to be the magical number without following the many more codes and regulations set forth by the state. For that reason, I have narrowed my search to owners with multiple homes in the same neighborhood. Of course, that involves purchasing multiple properties, which greatly increases the amount of capital required to be raised (typically around $1.5 million for business and RE). I’m just wondering if that is the only loophole to work with the strict codes/regulations in my local area. Thank you in advance for your response.
Evan,
This is a challenge, please note we have had this same issue with the first home we bought… changing bedrooms or bathrooms is easy, once a resident passes on, you renovated that one room, and go room to room slowly until the rooms and bathrooms are all completed. Renovating a kitchen with a home will of residents will probably not happen. As soon as the families hear you are doing construction in the home, they will likely move their parent to a different home… nails and dust and loud noises and lots of people in the house, on top of the fact that this isn’t a family of 4 you’re feeding, it’s 10 residents plus staff three plus times a day, it’s not easy to keep up with no kitchen… We’ve done bedrooms/bathrooms and flooring with the first method I shared, but we cannot renovate kitchen or living room spaces because of this huge issue.
If you’re going to purchase an existing facility you need to live with the fact that there are some things you won’t be able to change..
You can apply for a variance, most likely in CA they are going to require you put in a fire suppression system and have enough sq/ft to accommodate. It is possible to do more than 6, but also the numbers work all day long with 6 in CA since it’s obviously a much smaller home then let’s say a home that accommodates 10+ people AND the average cost to live in an RCFE is so much greater than the rest of the country as well.
Hope this helps!
Isabelle
Great video. Last week I enjoyed the monthly webinar and asked about modular homes. Gene laughed and then described how he had mentioned this long ago when it became an idea. Then he gave some pointers on how this may work in some areas, such as if a company who would design the right modular home existed in a particular area. I wanted to let you know, at the end of this video, Gene mentioned the modular idea, in case you wanted to edit that, as it sounded like he was not sure when that was mentioned. At any rate, I like the modular possibility, and might look into it as a possibility in my area. Thanks again!
Dave
Dave, yes, he gets asked about it a lot! 🙂
We are creating a brand new online home study course, that should be launched before the end of the year, so no worries. Thank you!!
Isabelle
Are we going to get access to this new edition?
Raphaela,
If you purchase access to it. It’s an entirely renovated different course.
Isabelle
If I’m also starting a company for RE holding & renovate the property, should I write the business plan on the holding company’s name only? Or just combine both, and explain the two company’s relationship? Thanks.
Sendhil, Completely up to you and how much you want to explain to your investors or bankers.
If that is going to be important piece in the negotiation and presentation then yes.
If not, then no.
Isabelle
I am having a difficult time getting my head around the issue of buying an existing facility and business vs. purchasing a property, doing the appropriate renovations, and then starting from scratch. Obviously purchasing an existing business with residents in place can lead to immediate cash flow, but it seems one is limited by the facility, difficulty in doing renovations / upgrades with residents in place, and slowly ramping up the price points at which you can charge monthly. Any thoughts?
Paul,
That’s exactly the problem with purchasing an existing, it is VERY hard to do any renovations, you will not be able to change much.
So don’t let a seller convince you that “oh if you added rooms, or changed to kitchen or…” that you could make more money, if it was possible, they would have already done it. There IS benefit in buying and existing home because just like you stated you’re cash flowing right away, but you have got to make sure it’s a good deal, because not much will change between owner to owner.
Isabelle
I was wondering when i get started how do i start paying the facility manager? How much should the facility manager get paid? Do i pay the manager and caregivers out of the money i get from the loan? Please clarify.
Kyara,
You will need to have enough capital to hold your business over until it’s in the green.
You will need to raise that money, or get a loan, or use your own capital, but you will need enough to cover those months of break even or losing money, you can use the money from a loan for business expenses, which includes payroll, mortgage, food, etc. We will discuss this more in the course.
Isabelle
Can you go more into details of how to determine the price to offer an existing business for sale?
Jan,
I know you’re registered for the 3 day training, this is something that is covered a bit more in-depth there.
Can’t wait to meet you at that event,
Isabelle