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Assisted Living Facilities – Profitable & Safe Investments – Vern Harris
August 2 @ 12:00 pm - 2:00 pm
The demographics in America are changing!
There are 77 million baby boomers currently in the US, with 10,000 new people reaching retirement age each day until the 2030s.
The need for credible, long-term support is rapidly growing into one of our nation’s greatest social and economic demands.
Right now it is so difficult to keep up with the demand that facilities are charging giant premiums for even shared spaces!
Vern Harris is an expert in the assisted living space, specifically in “ALR” which is utilizing neighborhood homes that would normally get 3% cap rates as rentals to where the same house is able to easily generate double digit cap rates with less maintenance, less turnover, and therefore less headaches.
No matter the market, the elderly will need living places to support them, making this investment almost impervious to Market Fluctuations.
DJ has been a serial entrepreneur for over 20 years, founding multiple companies in the software and media industries. He began real estate investing in 2016 and loved it so much that in 2017 he decided to focus on it full time.