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.
00:00 Intro
01:25 Quick Tip
01:59 Shooting for Financial Independence
12:11 The "Game Changer"
16:09 Pivoting the Short-Term Rental Strategy
23:57 Tripling Her Income!
32:07 Short-Term Rental Regulations
36:18 Doing Good While Making More
39:16 One BIG Mistake
47:28 What's Next?
50:44 Famous Four
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Hear Antoinette’s Story on the “BiggerPockets Money” Podcast:
https://www.biggerpockets.com/blog/money-295?utm_source=youtube&utm_medium=description&utm_campaign=none
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Here’s Why You Should Consider Investing in Senior Living
https://www.biggerpockets.com/blog/invest-senior-living?utm_source=youtube&utm_medium=description&utm_campaign=none
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Do New Short-Term Rental Regulations Make Investing Risky?
https://www.biggerpockets.com/blog/rookie-204?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Antoinette:
BiggerPockets: https://www.biggerpockets.com/users/fearlessandfree?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @fearlessandfreefi or https://www.instagram.com/fearlessandfreefi/
Website: https://www.fearlessandfreefi.com/
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Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
YouTube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
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David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode 710
Show notes at: https://www.biggerpockets.com/blog/real-estate-710?utm_source=youtube&utm_medium=description&utm_campaign=none
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