The Real Numbers Behind Converting a House Into an Assisted Living Facility | Our Family Invests

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Isabelle Guarino runs the Residential Assisted Living Academy, the company her father Gene started, and she's turned converting single family homes into senior housing into a real, repeatable business. In this episode, she opens the books on one of her own properties: a six-bedroom home converted into a 10-bed residential assisted living facility, generating $60,000 a month in revenue against $40,000 in operating costs and a $10,000 mortgage, for a real $10,000 a month in profit. She walks through exactly where that money comes from and where it goes. Isabelle explains what the team behind one of these homes actually looks like, why undercapitalization is the mistake that kills most new…