Assisted Living Investing

The Assisted Living Reality Check: What To Know When Buying An RAL In An HOA - Ep 19

November 10, 2023 Brett Chotkevys Season 1 Episode 19
Assisted Living Investing
The Assisted Living Reality Check: What To Know When Buying An RAL In An HOA - Ep 19
Show Notes

In this episode, Brett Chotkevys goes over one of the most common pieces of misinformation that is spread in the Assisted Living community. A lot of leaders in the community will tell you to simply just buy a house in an HOA to turn it into an RAL. However, Brett breaks the news that this is wrong. You should avoid buying an RAL in an HOA

Brett discusses a time when he was going to purchase a home in an HOA to start his Assisted Living Business. He did all the proper due diligence and made sure that the deal he wanted to make was entirely legal. However, this didn’t stop the community not wanting him to open up his Assisted Living in the neighborhood. The neighbor wanted to take Brett to court if he opened up his Assisted Living.

Despite being in the right and told by his attorney that he would most likely win a court case, Brett decided to drop out of the deal. A lawsuit could take too much time and money. In this episode, Brett teaches you the mistakes he made when dealing with the HOA and how you can avoid the same mistakes, saving time and money.  

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Intro Music by Alex_Kizenkov via Pixabay