710: How to TRIPLE Your Rental Property Income with Group Home Investing w/Antoinette Munroe
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 faster
Why you DON’T need to build a large real estate portfolio to retire early
Short-term rental regulations and how they’re delivering a blow to new investors
Pivoting your strategy to make even more money when everything is going wrong
Assisted living investing explained and how you can get in on the high-income action
The funding/financing mistake that Antoinette made and why you MUST avoid it
The bright side of short-term rental investors and improving your community while making passive income
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Antoinette’s Story on the “BiggerPockets Money” Podcast
Here’s Why You Should Consider Investing in Senior Living
Do New Short-Term Rental Regulations Make Investing Risky?
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710
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