Episode 112: On this episode of 2 Frugal Dudes, we’re talking to Emmanuel Guarino, the leading retirement assisted living (RAL) realtor in Arizona, and a sought after coach. Emmanuel is teaching us all about planning for senior housing and the investment opportunities that come with it.
When Emmanuel was in college, he lived in a house with a group of other students. It was his first experience truly being responsible for himself. He started working on different plans to make more money, which led him to real estate. He was living in that college house and the house next door sold in a day. Then a few weeks later, another house down the road did the same. This was the sign Emmanuel needed, and he started studying to become a realtor.
Why You Should Care About Senior Housing
You may be young now, but someday you’ll be a senior.
The average cost of senior living is $4000 monthly. Emmanuel makes a habit of asking people how much it costs per month in the various areas he visits. The highest he’s heard is $13,000 per month for assisted living.
There are presently 1.4 million turning 85 every year in the USA, and approximately the same amount of beds available for assisted living. However, the wave of Baby Boomers is coming.
This is where the investment opportunity lies.
Long-term Care Insurance
Long-term care insurance is a special policy that you can purchase in your youth that will cover your care when you’re older. This opens a lot of opportunities for finding housing without financial stress later in life. Currently, only 10% of people have long-term care insurance.
When you own an assisted living facility, it doesn’t matter if someone is paying with insurance or cash– you get the same money in the end.
Investing in RAL
At the RAL Academy, Emmanuel teaches how to invest in the RAL community for a high return on investment. There are a number of ways to be involved, whether it’s making a cash investment, purchasing the building and leasing it out, or owning the RAL facility straight out.
At the RAL Academy, you learn all about raising capital, marketing, how and where to set up these homes, staffing, licensing, finances, expenses– everything from A to Z. They offer both at-home and in-person training.
If you’re wondering if this is the right opportunity for you, set up a discovery call with the RAL Academy here.
Where Our Money Went
Kevin had an exciting opportunity to join Microsoft’s partner network at a higher level. As listeners know, Kevin runs a software training company, Swift Kick. As a result, he had to pay for a professional subscription for the year. The $1500 subscription will open a lot of doors for his business.
Sean is caught up in the back-to-school shopping grind. Sean took advantage of the tax-free school supply sale.