How To Make 7 Figures With Assisted Living Facilities
Рет қаралды 13,982
10 ай бұрынPace Morby is joined by Kay Cabuco about a recent deal she closed on an assisted living facility in Monte Ray, CA. After working with the broker, Kay got in contact with the seller directly to close the creative finance deal.
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎
@rcox54321 10 ай бұрын
Amazing story. You never know what someone will tell you unless you talk with them. I learned that first as a detective. It’s amazing, the power of paying attention to people and listening to them. If you’re trying to help them, miracles can happen.
@hermiacraft310 10 ай бұрын
thank you both for putting this vid up. can I just say WOW, just WOW !!! she took the bull by the horns and tamed it. also, her delivery was just so comforting like sipping on warm thick silken chocolate. with a dash of nutmeg and cinnamon. I think I could trust my 90+ yro parents in one of her homes if needed. taking very little into a deal and creating an evergreen cash flow, conservatively. i need to hear more on her progress over the first 3 years. just wow. thank you and congrats. JUST WOW.
@PaceMorby 10 ай бұрын
Glad you enjoyed it
@franklinhopkinsjr1065 10 ай бұрын
Congrats to Kay. She’s going to do great. We need people like her to own senior living facilities as we continue to age. Go Kay go!
@veronicaedgerle 10 ай бұрын
Remarkable! Kay is an amazing person and deserves to be blessed. With one hand she receives and quickly uses the other hand to give. God’s favor and blessings continue to shine on you Kay!!! 🙏🏼❤️
@investralwithkay 3 ай бұрын
Thank you !
@Cali_Girl1 10 ай бұрын
It just makes cry to hear all of the WONDERFUL People doing these AMAZING things with Pace's Programs, Help, Support and Advice... I WANT TO JOIN THEM!!! I WANT TO DO WHAT THEY'RE DOING!! But, I've had a complex medical condition with my eyes for 19 YEARS, that has held me back from doing all the things I want to do. It just TEARS MY HEART APART!! 😭😭😭😭😭
@DVNITYhome 10 ай бұрын
Love this, THIS is my WHY!!! I’m an executive RN with experience in healthcare, compliance and business development. My goal is to start a ALF or RCFE. My Hubby and I are Gators and doing wholesale and SubTo. Ultimately, our goal is to start our facility and also scale our quality & compliance program!
@investralwithkay 3 ай бұрын
You are the perfect person ! Take the leap of faith !
@josephsandgathe5897 10 ай бұрын
Kay's example of ways to cashflow real estate is inspiring. Sometimes we have to create our own business to prosper.
@boblais2700 10 ай бұрын
This is another amazing and inspiring true story of the impact of hard work, understanding your WHY, never giving up on your why and how implementing creative financing can make what seems impossible, come to fruition. Kay, love your heart and soul and the passion to serve others. You are a true blessing and know those around you feel it.🙏 Pace, I am truly grateful to be in our Subto community. I love your passion to help others, sharing all of your experience and wisdom for betterment of all who need it and want it.
@lindabuyshouses 10 ай бұрын
This was so beautiful to see the heart in these two people, Pace you are the best !
@hesterhousingrealestatejou7457 10 ай бұрын
This is perfect timing. We are looking to open a ALF as well. Thank you for sharing. It is inspiring. We are just gathering information now and a lot of prayers then we see this video when was not even looking for it. We just like Pace. Thanks Kay
@Hellohaley1010 10 ай бұрын
Wooo 🥳 Kay! I love that you are such a Go Giving heart! Proof that when your heart is aligned, opportunities flow in and you’ll always be taken care of because you’re taking care of others. Awesome Kay ✌🏼
@lornasherland413 10 ай бұрын
Your heart for people is obvious @Kay! May the anointing continue on you!
@investralwithkay 3 ай бұрын
Thank you !
@markmayes41 10 ай бұрын
Fantastic interview!!! So many gold nuggets about creative financing an assisted living center.
@paparuda1968 10 ай бұрын
This is Pace at his best! Awesome! She’s amazing and her actions are inspirational! Thank you for sharing!
@yakineamarie3848 10 ай бұрын
Thank you for sharing your story Kay and for being resilient!!! May God continue to expand and enlarge you because you have a heart for His people. Truly selfless. ❤️
@benmcgary 10 ай бұрын
Kay, this is amazing! This deal was even better than you told me!
@kristinburnham5469 10 ай бұрын
Unfortunately your citations are not just wiped out because you change the license on the wall. Yes it is attached to previous administrator but they will come back and check the facility and it will still show up on your buildings tax id. Unless you change that id. My husband is in LTC and it can be a wonderful business, but right now it does have some of it's difficulties still due to Covid, especially with staffing. Just keep up your positivity and having the mindset of putting your residents first. Definitely agree with slow incremental change of rent. Residents do leave if rent is raised to quickly. One other tip if you have an open bed or two...turn them into beautiful model units. Families love to see units staged. Obviously very similar to real estate. I always set up model units for my husband when they are down a bed. Wish you all the best!
@IWBVS 8 ай бұрын
Is it possible for someone to do it with no geriatrics or healthcare background? Kay is a nurse and had to do diaper changes and admin medication.
@investralwithkay 3 ай бұрын
This is a great advice. Thank you !
@TheNicholasCarlson 10 ай бұрын
This is the best interview, so pumped for you Kay! So inspirational 😇
@ElizabethGalarza1 10 ай бұрын
Thank you so much Pace Morby for bringing people that inspire us! Can't wait to be part of the sub-to community, being busy as a gator 🐊 now, but the day will come!
@PaceMorby 10 ай бұрын
Love that! Thanks for being here!
@lindabotta6651 10 ай бұрын
Very Inspirational. Love her! Many continued blessings in every way Kay! ❤🙏
@teamfuego3259 10 ай бұрын
Thank you for this case study 😊
@jayceehall6483 3 күн бұрын
I love this video!! I’ve watched it a couple times. Very motivated. I’m looking to acquire an assisted living ‘home’ 35:29 business (6-10 bed), in San Diego area (where I reside). Thank you Pace & Kay for sharing!
@jammingalways 10 ай бұрын
I'm SO liking her! I drink old coffee too! :) Preserves nicely in a jar when you only want a cup. ;) So inspiring to see people succeed! I was hoping my calling in this new world would be through helping people avoid foreclosure, but I LOVE that there are so many options to do deals! Can't thank you enough for continuing to share these uploads! Can you do a "live" one Saturday? PLEASE!!! :)
@FrancisSanDiego 10 ай бұрын
Hi Pace... thanks for this... this is what Im looking for Assisted living
@DanKohan 10 ай бұрын
I'm really impressed by your determination and clever approach to buying this facility. It's great how you connected with the owner and found a way to make both of you happy through creative financing. Thanks for sharing your story!
@TheHarveyTruth 2 ай бұрын
Kay’s story is Amazing! I’m just getting started on my 4 bedroom Assisted Living Property. I can’t wait to get it filled.
@PaceMorby 2 ай бұрын
Amazing good luck!
@gamersgarage3638 10 ай бұрын
This is amazing ❤ you are a big inspiration.
@Justinbragz 10 ай бұрын
Congratulations Kay!!
@anthonylimon9936 10 ай бұрын
Congratulations 🎉😊. I’m in the market for an assisted living facility in Texas. This is so inspiring
@countrysister700 10 ай бұрын
My experience with my mom in assisted living in Waco teaches this "non-medical" assisted living is care most insurance won't pay for and has a limited market. Gotta have nursing staff 24/7
@jackief54 10 ай бұрын
Totally Amazing !!!
@leadershipsmartswithdoroth5113 10 ай бұрын
So inspiring. 🎉🎉 congratulations
@locdawg3815 4 ай бұрын
Truly amazing determination!
@luzcasillas3906 9 ай бұрын
phenomenal!!!!
@BulldogBreeder 10 ай бұрын
I know of a ALF here in Florida that is outdated mis managed & just terrible. How can I find out information to see if there’s a opportunity to leverage & come in on creative financing & turn the place around ?
@joinjosh-lafayettelouisian5527 10 ай бұрын
Amazing!
@jairocastaneda7449 10 ай бұрын
Wow!! 💥 way to go 👏🏼
@mikeanderson9266 2 ай бұрын
Go Kay!
@Kayjigga 10 ай бұрын
Yess 👏🏾
@terrygarrett4318 Ай бұрын
Awesome and so inspiring! I'm currently writing a business plan to open a residential assisted living home in Columbia SC.
@PaceMorby Ай бұрын
Good luck!
@terrygarrett4318 Ай бұрын
@@PaceMorby Thank you! Continue inspiring and motivating people to get out of their comfort zone and create legacy for their families!
@davidcolvin3 9 ай бұрын
love ittttttt. shes a boss. lezgoooo
@nobodycamnotguilty4497 10 ай бұрын
How did the Broker finally get paid? By the way you found the deal through the brokers marketing otherwise you may not have had a deal to even consider.
@brianhewitt338 10 ай бұрын
Kay is a Powerfull sweetheart ,Grand Rising to you and your husband.
@andrebritz7729 10 ай бұрын
How long is the seller finance period?
@barbarapayne5518 10 ай бұрын
How do you find out what is your profit
@barbarapayne5518 10 ай бұрын
How much do a person have to invest in it
@andrebritz7729 10 ай бұрын
How much was the monthly payment to the seller - when does ownership transfer?
@jammingalways 10 ай бұрын
This is EXCITING! AND she's pretty too?! :) K-- watching NOW! P.S.-- I'm a grandma. :)
@ginashen8974 9 ай бұрын
Can u charge Adm fee $5000? Under $1000 it’s not refundable Right?
@Cali_Girl1 10 ай бұрын
Pace... How do you find GOOD QUALITY people to hire for Assited Living? PLEASE ADVICE ME! How do you find People who need Assisted Living? WHO pays for Assisted Living People? The Government? What happens if you raise rent, and they cant pay? Is rhere an Evicrion Process or something?
@Pizza-gb1ch 10 ай бұрын
Google it.
@IWBVS 8 ай бұрын
Some insurance but most like dealing with private pay. If they can’t afford it they move
@derekeastep6013 10 ай бұрын
How does she pay back the 8 million ? I get shes going to make 1.5 mil a year but how to pay back the seller finance ?
@PaceMorby 10 ай бұрын
The 8 million gets paid back monthly from her revenue!
@latashiasmith9379 10 ай бұрын
❤
@fcolon1976 10 ай бұрын
1 problem that REGULAR people have is that these RE gurus want to help you but they sell their course for $10k on top of that you gotta buy other parts of a course and invest even more to try to get a deal. Most ppl don't have 20k-40k to take chances on a course that might not even work
@user-xe1xo2ql6b Ай бұрын
bro what. you don’t need a course to learn. call brokers find deals it’s not hard
@IWBVS 8 ай бұрын
this is amazing. $12M in businesses in 3 years, but did they leave out ll the payments made to the sellers and banks? isn't that going to reduce their "cashflow" by like 70%?
@PaceMorby 8 ай бұрын
That's with all debt serviced.
@abaker7669 10 ай бұрын
👀🤯
@DonGriffinJr 10 ай бұрын
🔥🔥
@Thegreattoasty 10 ай бұрын
Im
@Thegreattoasty 10 ай бұрын
The 😂jm
@Thegreattoasty 10 ай бұрын
Wii I’m 😊eo
@Thegreattoasty 10 ай бұрын
Y no You
@pattygremm4393 10 ай бұрын
God provides
@jodief8371 10 ай бұрын
❤🎉❤🎉❤🎉❤
@adatshhc 10 ай бұрын
Psssh. Forget 1mill a year. Build the census back up to 50+ and sell it for 13-15mill
@countrysister700 10 ай бұрын
Pace, your premise that the answer to your problems is kick your RE broker to the curb, you leave your followers like sheep waiting for the wolf. A deal like this with an honest reasonable seller is a unicorn.
@PaceMorby 10 ай бұрын
I actually advised her to go through an attorney... and I paid for it out of my pocket. A business buying attorney knows way more than a broker does and has more experience structuring deals like this.
@countrysister700 10 ай бұрын
@@PaceMorby good response! That's what we licensees do - I even get a signoff somewhere in the buyer docs if the client refuses to go when my gut says he needs pro guidance.
@gustavomendoza1769 10 ай бұрын
Peter griffin with the gun. I just wanna talk
@mbrown8284 10 ай бұрын
Dope people do dope $#!+
@samanthawatkins7977 10 ай бұрын
Where do poor people get the money to pay to live in facility like this 😢
@MeenaMonjazeb-kn8dq 5 ай бұрын
They go to the big box places on social security and Medicare after their own funds are exhausted.
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