Getting Investors For Your Residential Assisted Living Business & Raising Capital!

[@peacefuldre2355]

I love your videos man, thank you for everything, I hope to meet you one day with me being able to tell you I made it all happen

[@saba770]

Definitely interested in getting investors...we are just getting started with our first RCFE....both of us have ton of experience one in medical insurance and the other one is a physician ... multiple realstate estates but have not looked into investors so yes more details would b great. Thanks!!!

[@CrisPopa-h9k]

How much skin in the game financially do these investors look for? Ive owned an ALF before with my wife. We sold the house about 4 years ago.

[@serg_lupescu]

Usually, 3-6 months' worth of your expenses is what they would want you to have in liquidity.

[@GrapplingDork]

Do you remember how many months went by with your first facility before getting your license and first client? I feel like waiting for licensing to approve or deny is the biggest cost and worry of starting a facility. Timing will be important so that I'm not wasting money.

[@serg_lupescu]

Great question. It took me about 3 months from starting the license process until I got my first client. It took me 1 week from when I passed my initial inspection for licensure. I did a lot of pre-licensure marketing to make sure that when I passed my inspection I could start placing those interested residents.

[@LeaAnneRudder]

What is the difference between a business plan and a POC. Doesn’t the business plan do the same thing?

[@mieshacooper7228]

Can you cover more topics? Thank you :)

[@serg_lupescu]

Of course! What topics would you like me to cover? 😊

[@konesmalones]

do you remember roughly how much money it took to start that first facility?

[@serg_lupescu]

My very first facility, it cost me $30k to get going. It was a small 5-bed facility.

[@konesmalones]

gotcha, thanks for the reply!@@serg_lupescu

[@konesmalones]

@@serg_lupescu gotcha, thanks for the reply!