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Forum nameGeneral Discussion
Topic subjectIt doesn't cost as much as you think...
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13178077&mesg_id=13178177
13178177, It doesn't cost as much as you think...
Posted by final_prospect82, Thu Jul-27-17 11:14 AM
2 years ago, I opened up an assisted living facility in FL with a friend. Combined it cost of $12k

That one facility grossed in revenue $370k+ in the first year. Since then, we've opened up another facility that has grossed just north of $310 and in the coming weeks we will be opening an additional 2.

So in less than two years, I'll have a business bringing in at least $1.6 million in revenue. (we'll net out around $1.2).

I just purchased several properties in Nashville with another friend and have begun turning those into transitional living facilities. The revenues should be comparable. Once again, the initial cost is only $9000/property

Almost weekly, I see investment opportunities where the cost is doable for most people with an ok credit line or liquid assets