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710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe

710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe

FromBiggerPockets Real Estate Podcast


710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe

FromBiggerPockets Real Estate Podcast

ratings:
Length:
62 minutes
Released:
Jan 5, 2023
Format:
Podcast episode

Description

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same!Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change.With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before.In This Episode We Cover:The “game-changing” house hacking strategy that will help you reach financial freedom fasterWhy you DON’T need to build a large real estate portfolio to retire earlyShort-term rental regulations and how they’re delivering a blow to new investorsPivoting your strategy to make even more money when everything is going wrongAssisted living investing explained and how you can get in on the high-income actionThe funding/financing mistake that Antoinette made and why you MUST avoid itThe bright side of short-term rental investors and improving your community while making passive incomeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterHear Antoinette’s Story on the “BiggerPockets Money” PodcastHere’s Why You Should Consider Investing in Senior LivingDo New Short-Term Rental Regulations Make Investing Risky?Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 5, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.