Assisted Living Investing

Getting Read For A HUGE Loan For Your Assisted Living! - Ep 25

December 22, 2023 Brett Chotkevys Season 1 Episode 25
Getting Read For A HUGE Loan For Your Assisted Living! - Ep 25
Assisted Living Investing
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Assisted Living Investing
Getting Read For A HUGE Loan For Your Assisted Living! - Ep 25
Dec 22, 2023 Season 1 Episode 25
Brett Chotkevys

In this episode, Brett talks about getting your first huge loan. Getting a million dollar loan may seem really intimidating, However, Brett talks about why it is actually a lot easier than you think. The first step you need to do is to take a look at your team. Who are your partners? Are you starting this business with your spouse? Are you doing this by yourself? This is the first step because the bank will look at the deal as a whole, with everyone involved.

First, Brett talks about what the bank would look for. The bank wants to know that the money they are giving out will be safe. Having a good business plan and financial plan, showing how they will get their money back, and where their money will be going will help you get that first loan. Also, make sure that your team is financially responsible. If your team has credit issues, debt issues, or previous bankruptcy issues, that could be a potential deal breaker.

#Investing #RealEstate #AssistedLivingInvesting

Follow our socials!

Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay

Show Notes

In this episode, Brett talks about getting your first huge loan. Getting a million dollar loan may seem really intimidating, However, Brett talks about why it is actually a lot easier than you think. The first step you need to do is to take a look at your team. Who are your partners? Are you starting this business with your spouse? Are you doing this by yourself? This is the first step because the bank will look at the deal as a whole, with everyone involved.

First, Brett talks about what the bank would look for. The bank wants to know that the money they are giving out will be safe. Having a good business plan and financial plan, showing how they will get their money back, and where their money will be going will help you get that first loan. Also, make sure that your team is financially responsible. If your team has credit issues, debt issues, or previous bankruptcy issues, that could be a potential deal breaker.

#Investing #RealEstate #AssistedLivingInvesting

Follow our socials!

Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.PALM.University

Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.

Intro Music by Alex_Kizenkov via Pixabay