- Self-Directed IRAs
- Other Tax-Advantaged Accounts
- Self-Directed Investment Options
- How to Get Started
- The Equity Trust Advantage
- Resources for Individual Investors
- Specialized Custody Solutions
- Custodial Accounts
- Alternative Investments
- Innovation & Technology
- Resources for Investments
- About Us
The following was written by Gene Guarino, founder of the Residential Assisted Living Academy.*
When you’re looking for a property that is great for Assisted Living, location is the key. It’s about the demographics as much as the geographic location.
You are looking for a conveniently located single family home in a relatively highly populated upper middle class area where the majority of the residents are 50 or 60 years old. They’re the ones that are paying for and taking care of Mom and Dad financially.
Over the river and through the woods is great for an annual holiday visit but it’s better to be located where the family of the potential resident lives. College campus areas are not ideal either.
I suggest focusing on a population with significant incomes and residents nearing retirement. age- that is now your target location. The parents of those people are 70-90 years old and that is your target resident age group. That’s where I want to put my home.