How to Start a Residential Assisted Living Business (RECESSION PROOF INVESTING)
live from columbus ohio this is the get business credit youtube channel with your host josh van horn subscribe now and hit the bell notification right now to stay up to date as soon as we release new business credit gyms take it over josh hey what's up it's josh with the business credit youtube channel we have a special guest dimitry from credit repair co you guys might know him from past videos on gbc or credit josh um he's also a licensed mortgage broker in 48 states that's not an easy task just to let you guys know most mortgage brokers are only licensed in the state that they're in but he took the test and was able to get licensed in so many states i think 48 right dimitri that is uh that is correct yes hi josh so just i'm gonna let dimitri take it over but i just want you guys to know that you know me and dimitri i think we've known each other since 2008 or 2009. he's done credit repair for my family not so much for me he's done a little bit for me but i've never really had bad credit but he's done so much for my different family members and close friends and probably a lot of you guys that are listening you guys have seen results and stuff from him so if you need any credit repair definitely reach out to him the information will be in the description below but that's not what this video is about um if you want to reach out to him feminist staff that's credit repair co creditrepaircode.net um i vouch and you guys know that you've seen past videos probably information will be in the description below but dimitri wants to bring out a business opportunity for you guys since he's now a mortgage broker in 48 states he wants to talk about a business opportunity everybody's talking about i'll get at least get an opg toro get get a car she could do toro or whatever that's getting flooded everybody and their mother is doing that and then you know what happens all the profits get low the more drivers just like uber everything gets low so what he's gonna talk about i'm gonna let him take it over because i'm not an expert on this i have a kind of idea about it from past things but i'm taking over and i want for those that don't know dimitri i want dimitri to kind of give his background and everything um just so everybody understands who dimitri is i vouch for him one thousand percent he's like my brother um i've known this guy for almost 15 years now and he's actually be right beside me in here with the next month or two so uh with all that being said i'll take it over dimitri you take it over right hey gbc family sorry to interrupt the video but a little message from our sponsor that is north one yep north one you might have heard about them the link will be in the description below but real quick a little bit about north one super easy to open up a business checking account and you know how hard that is with a lot of traditional banks all these documents they require sometimes you have to go and branch sign all these documents provide all this information it's a headache with north one you can literally sign up in like three minutes it's only like ten dollars a month as a sponsor for gbc video you can use the link in the description below and you'll get the first month for free but anyways it's only 10 bucks a month it's so easy you don't have to go into any branch at all i suggest you just sign up i haven't signed up proof is right there my other company one of my newer companies get the north one card easy to use their sites right here i'll get into that later in another video sign up for north one link will be in the description below thanks again back to our program wow hey everybody what an intro josh wow bravo thank you so much i really really appreciate it it's uh so good to be back uh and uh talk to you um it's been a while so i did bring a lot of good information uh like we always do and uh what i wanna share with you today is not like business opportunity but the business direction that i'm taking you know because uh i don't want to sell you anything i'm just sharing with you what i've been uh doing and uh i was just chatting with josh right before this video and he showed me the stack of cards that he has and i asked him so a lot of your clients do get all that credit but what do they really do with the credit so um and i know a lot of you have ideas on what to do and uh i just want to share a few of mine you know what i've been doing and uh where i'm going so um so you know how i can be of value to you uh you can uh count on me when it comes to a couple of things number one is definitely uh personal credit okay when it comes to business i vouch for him 100 on that yeah when it comes to business credit you go to josh but when it comes to personal credit or removing uh inquiries you come to us that's number one uh number two since we are licensed to do loans in all 48 states uh you can come to me for loans uh for mortgage loans um home equity line of credits uh and things of that nature we do va loan fha conventional anything you can think of we can do it but what uh me and josh we're talking about uh we're self-employed so we you know we have a lot of write-offs and our tax returns don't look really attractive to the lender so and and that's fine if you are in this situation uh i'm sitting in this house that i bought last year as a self-employed person and it was 1.1 million dollar purchase
and now it's been evaluated why don't you tell them like a little background of background about you i'm not a speaker i'm not a professional that you know no ins and outs of all the youtube and the audience and josh is the guru but uh just to give you a little bit of a background on uh you know i'm originally from russia moved to us in 2001 i graduated with owners from the top russian college with a major in finance almost finished my phd in finance but instead of finishing i moved uh to san francisco had my tech company in san francisco i had a few other businesses i've been a general contractor for 15 years and gotten stayed around finance all this time and um started credit restoration company and now um kind of closed my construction business around 2009 and moved into finance again and now um i'm doing mortgage loans and um actually licensing assisted living facilities in california a lot of you are self-employed since we are on the gbc uh get business credit channel i assume that you are self-employed and you are facing the same issues that i've been facing when i was applying for this mortgage for the first property um and i could definitely guide you on how to get a approved um as a self-employed uh because there are a couple of things that you you want to prepare for and jeff maybe it's important for you to know as well you kind of want to start preparing for getting approved what i mean by that you want to make sure that all of your revenues come into one account one account that you're going to use if you a dba like doing business as a if you're a solo proprietor it doesn't matter personal or business but pick one because the bank the lender will only analyze one account that's it so if you you know and put all that income in there you can you can actually uh pay uh to your workers from another account a little bit so you can um reduce your expenses as they see it on their account calendar uh kana takes a look at your 12 months or 24 months months of bank statements and they calculate average amount of revenue that comes into your account yeah let me ask you something though what if you're a brand new business so what was been happening since the interest rates went up the lenders are becoming more and more aggressive and the lenders that never even thought about lending to self-employed individuals are considering that not only they considering lending to self-employed individuals but they making it easier for them to get approved so if you are self-employed and you need a loan just you know comment um i'll drop the link so but uh the second part of this video besides sharing with you whatever yeah get into get into what you were talking about with this this living how you guys can make money i'm gonna step away for a minute because i have to use the restroom sorry to do that but i'm gonna let dimitri take over tell you guys a hidden gem stop buying cars stop thinking about toro and think about what he's about to tell you dimitri take it about work well yeah um so i'll tell you a little story uh how i actually started thinking about going into assisted living for elderly business um i had two grandmas uh one is on my dad's side and one is on my mom's side and the grandma that lived with us in russia on my mom's side lived a long long life together with us uh in in russia we don't take uh you know we don't send our parents to assisted living facilities to die we actually take care of them so and that's what uh has been happening with uh my grandma on my mom's side she was with us in the house until she died on my dad's side uh that grandma uh refused to come and live with us so my dad put her in in the home an assisted living home in russia where she died within three months okay and i couldn't go back uh to bury her i love her dearly that grandma um and i couldn't go back to bury her because uh i i my paperwork was still in process in the states so i couldn't just leave um but i i kind of got upset with my dad and i mentioned to him like dad how come you couldn't get that you know you couldn't pick a better facility for her but um he didn't really have much to say you know about that so i've been thinking about that for many many years and uh when i got into this house it's a huge five bedroom house and i realized it's too big for me but how i can use this house uh like i mentioned before i got into this property in california um as a self-employed number one and um now i'm thinking you know go and purchase uh i'm an escrow actually closing in uh less than two weeks on second property and um and what i was doing i was working on licensing this home and converting it into a business such as assisted living facility for elderly so in california we have we're allowed to have up to six residents um without any permits any special permits of any kind you don't have to go to the city file any paperwork you don't need to do any of that but what you need to do is you need to uh get a license to run the facility okay so and that's where you know i come in as well i've done it myself i got it licensed um you know so i know what to do from a to z how to get the property licensed in california and if you need some advice you know um i can definitely help you because it requires a couple of things just besides the 350 pages of paperwork including menus activities um and um all sorts of background check of you and your employees insurances and stuff like that collect about 30 different applications okay that you have to submit besides all that the house uh has certain uh requirements uh by the fire department how it has to be safe for the residents okay so that's another thing that you have to consider you know um another thing you have to think about you know what kind of residence you want to be you want to have in your home ambulatory non-ambulatory hospice uh bedridden all those things uh they come in with certain restrictions and uh in terms of how the house supposed to be to facilitate those kind of uh residents okay so but the reason why i brought it up is like i mentioned i've been talking to josh off right before the video and i asked him so what are your people what do your customers do when they get those loans i mean so i think in this uh in this market you know getting you know some real estate and uh renting it out that's okay you can probably break even you know leasing the house out but if you convert it into assisted living home um the numbers look totally different you know i can i can tell you really quickly like for example the business plan for this particular home uh the income-wise revenue-wise for six residents let's assume we are fully uh leased out and all the bedrooms are leased out um and we have six people at this is palos verdes area so on average is about 10 000 per resident so you're talking about 50 to 60 000 in revenue monthly okay and the cost probably around 15 to 20 000 okay so you know including mortgage you know including your mortgage so so you your net or you know could be or gross profit could be around 20 to 25 000 from one property and that's the main reason why i am in escrow in the second house because i want to get like four or five houses like this in the next year if the uh the situation is favorable you know the rates are not too crazy and prices are whatever but um so you know and that's the revenue uh you know that you can expect 20 on average 20 000 from each house uh depending on the area of course because in arizona uh i from what i remember you you're allowed to get ten residents and the prices are different like three to four thousand uh per person uh per resident so the math looks a little different but the prices of real estate is also going to be different there too so if you want to talk more about that i'll be more than happy to um help you to get a loan if you're self-employed uh to get you into the house and kind of guide you uh in your first steps on how to uh get uh into this particular business because i think i think you want to ask yourself as well if you are in this business just for money only because um i think it's not enough to really be successful in this business uh if you're just chasing money it's it's one thing but you kind of want to uh come from that space of you want to help you know as well uh you know i think that that makes a difference uh i visited a few different facilities and um in terms of like longevity of this business i've talked to residents that live in the house for over 10 years okay and you know you don't have to think who's gonna you know pay your mortgage next month residents of doing that and you're providing care okay so i think it's a great business model um and um that's why i wanted to talk about that a little bit um and i want to bring you some value um hopefully you got something out of this um out of this video okay and so just to sum it up um when it comes to credit restoration you can count on us and you can also find the link under the video in description and contact us and we'll get back to either someone from my office or or me personally we'll get back to you just depends on what you want to talk about um that's number one so credit credit repair if even if your credit is good and you need a little bit of tweaking so we can help you let's say if you have a lot of credit inquiries we can help you to dispute some of those as well and second if you need a loan a mortgage loan a va fha conventional non-qualified loan whatever you know uh interest only loan arms are making a comeback you know uh so i can definitely put you in a good loan okay um nationwide as well so uh count on that uh and you know if you have any questions about how to get started and um and and and kind of start the paperwork with assisted living facility also you know uh we can have a conversation about that um so if you do need some credit help uh like i said in the link below uh just fill it out and we have a special code only for uh for this particular channel and for uh clients that come from uh from josh uh so the part of the uh the part of the link of that form we'll say a promo code so just type in credit josh uh triple seven credit josh triple seven okay to get a special uh special treatment and um and we'll remove a credit evaluation fee and um yeah so that that will definitely make a difference uh if you need to uh maybe fix your credit or remove some credit inquiries as well all right you guys just check out in the description below you have all dimitri's information check it out reach out to him he can help you out with assisted living like he was talking to you about it's a great opportunity we are not financial advisors by any means that's not what we're um portraying by any means we're just trying to give you guys the information and what you guys do with that that's up to you but uh dimitri is there to help you guys um and he can kind of not only being a mortgage broker in 48 different states he can kind of guide you for maybe your credit needs to be boosted maybe 10 or 20 points and maybe there's something there that he can help you out with all of his information will be in the description below reach out to him he's a good guy what i do say to him take care of you guys instead of giving me a discount take care of my viewers you guys won't have any problems because like we've already had i think 40 or 50 people already hired him he's gonna do a consultation for free for you and he'll guide you in the right direction you know and then maybe later down the line when you want to buy a house in a year or two from now he just wants you to contact him that's all with all that being said again all the information is going to be in the description below until next time you guys take care thank you guys so much for listening bye
2022-06-07 18:35
