Big Mike Fund Podcast

On today’s episode, I’m talking with Gene Guarino from The Collective Genius Mastermind group. He’s a new member to the group but not new to the real estate market. He’s an expert and a specialist in converting residential properties to assisted living. Today we’re talking about the assisted living market and what makes it tick: the in’s and out’s of the market, the success rates, the break-even points, and all of the nuances.  Minute Markers: 00:23 - Introduction  01:30 - Who is Gene? 02:48 - An example of assisted living real estate 04:53 - The typical monthly cost 07:08 - The operating cost for an average facility 08:21 - A break-even point 11:13 - Three-pack  12:14 - Gene’s educational program 14:36 - The average time a given customer stays in a home 16:39 - Comparison to bigger senior living facilities 17:48 - Home environments versus larger Class A facilities 20:03 - What kind of time investment is required? 23:25 - Passive investment optio