1 00:00:19,941 --> 00:00:20,221 Yeah. 2 00:00:20,221 --> 00:00:21,851 So I'm just one question. 3 00:00:21,921 --> 00:00:23,251 I know you in the niche. 4 00:00:23,881 --> 00:00:27,321 You had the average income for such deals. 5 00:00:27,321 --> 00:00:30,681 You actually really go for that average income or do you 6 00:00:30,681 --> 00:00:32,111 actually go by census track? 7 00:00:32,121 --> 00:00:35,601 Because when I look at census track, the income is actually really low. 8 00:00:36,151 --> 00:00:39,561 Which explains the affordable housing, right? 9 00:00:39,571 --> 00:00:40,381 It's about 7. 10 00:00:40,421 --> 00:00:40,991 6. 11 00:00:42,801 --> 00:00:43,161 Yeah. 12 00:00:43,301 --> 00:00:46,401 For median income, I would just, honestly, I would just like 13 00:00:46,401 --> 00:00:48,501 Google it and Google Gemini. 14 00:00:48,501 --> 00:00:50,351 I think it picks up census tract. 15 00:00:50,981 --> 00:00:53,831 So it's likely already picking that up. 16 00:00:55,651 --> 00:00:56,131 Okay. 17 00:00:56,131 --> 00:00:57,181 In the Google then. 18 00:00:57,181 --> 00:00:58,331 Yep. 19 00:00:59,411 --> 00:01:01,781 So I would just put the zip code and also median income. 20 00:01:01,781 --> 00:01:03,841 This is a code or medium. 21 00:01:03,841 --> 00:01:04,181 Got it. 22 00:01:05,951 --> 00:01:10,161 So super there, but I don't think it's yeah, 11 or something. 23 00:01:10,161 --> 00:01:11,031 Yeah, but we can. 24 00:01:12,091 --> 00:01:15,341 I think pretty sure do the underwriting of this. 25 00:01:15,391 --> 00:01:15,911 Let's see. 26 00:01:15,921 --> 00:01:19,281 How much is the, Ooh, interesting. 27 00:01:20,801 --> 00:01:21,651 Different story. 28 00:01:22,211 --> 00:01:22,901 Oh, really? 29 00:01:22,901 --> 00:01:24,881 Oh, minus. 30 00:01:26,841 --> 00:01:27,321 Look at that. 31 00:01:27,601 --> 00:01:28,471 What's going on? 32 00:01:28,941 --> 00:01:29,841 Oh my gosh. 33 00:01:31,861 --> 00:01:31,891 . Uhhuh? 34 00:01:32,501 --> 00:01:34,961 Or is the, IS including capital expenses? 35 00:01:34,961 --> 00:01:37,121 Let's see, maybe that's the case. 36 00:01:38,951 --> 00:01:39,941 Oh, real estate taxes. 37 00:01:39,971 --> 00:01:40,151 Okay. 38 00:01:40,151 --> 00:01:40,811 That's okay. 39 00:01:41,261 --> 00:01:42,311 Depreciation. 40 00:01:43,091 --> 00:01:43,931 Oh, what the heck. 41 00:01:45,991 --> 00:01:49,081 Ation, they should not be including depreciation. 42 00:01:50,676 --> 00:01:51,826 Oh, depreciation. 43 00:01:51,846 --> 00:01:54,796 They do put it sometimes to throw you off. 44 00:01:55,876 --> 00:01:57,226 They're actually calculating the EBITDA. 45 00:01:58,256 --> 00:01:59,306 That's probably what they're right. 46 00:01:59,306 --> 00:02:00,339 Yeah. 47 00:02:00,339 --> 00:02:03,764 Total depreciation amortization. 48 00:02:05,039 --> 00:02:06,849 Other expenses, interest on mortgage. 49 00:02:06,869 --> 00:02:07,359 Oh, okay. 50 00:02:07,359 --> 00:02:08,939 This has to be cleaned up a lot. 51 00:02:09,049 --> 00:02:10,119 Like we don't need this. 52 00:02:10,199 --> 00:02:14,009 We will actually, yeah, we'll eventually need it. 53 00:02:14,069 --> 00:02:15,809 But why is he losing money? 54 00:02:16,279 --> 00:02:17,919 It doesn't make much sense. 55 00:02:17,959 --> 00:02:19,109 Did he not collect rent? 56 00:02:19,609 --> 00:02:20,779 Total revenue. 57 00:02:20,834 --> 00:02:26,893 So sounds about right. 58 00:02:26,974 --> 00:02:29,044 This is roughly around what they were saying, right? 59 00:02:29,044 --> 00:02:31,634 21, 24, 000 is what they were saying. 60 00:02:33,104 --> 00:02:34,734 Less than that, there's some vacancy. 61 00:02:34,774 --> 00:02:35,874 This kind of makes sense. 62 00:02:36,244 --> 00:02:38,044 So how much is the revenue that they made? 63 00:02:38,544 --> 00:02:42,504 Wait, where is the number to 23, nine 72, 64 00:02:43,504 --> 00:02:44,014 right? 65 00:02:44,154 --> 00:02:47,534 And then how much is the expense? 66 00:02:47,544 --> 00:02:54,284 So they have an administrative expense plus total utilities, maintenance expense. 67 00:02:54,784 --> 00:02:55,794 Let's look at it again. 68 00:02:55,974 --> 00:02:56,874 Administrative, 69 00:02:59,644 --> 00:03:00,014 right? 70 00:03:00,044 --> 00:03:05,434 And then utilities, admin, they have miscellaneous cleaning, 71 00:03:05,624 --> 00:03:06,874 garbage, trash removal. 72 00:03:06,894 --> 00:03:07,664 That makes sense. 73 00:03:07,694 --> 00:03:10,034 Total taxes and insurance make sense. 74 00:03:10,034 --> 00:03:13,974 And let's say even depreciation and amortization. 75 00:03:15,124 --> 00:03:16,804 So where is that adding up? 76 00:03:16,814 --> 00:03:21,034 I think this depreciation and amortization is the one that's adding up the most. 77 00:03:21,904 --> 00:03:22,824 Ah ha. 78 00:03:23,824 --> 00:03:24,604 Yikes. 79 00:03:26,634 --> 00:03:32,604 That's the 121, 000 appreciation and amortization. 80 00:03:35,004 --> 00:03:35,764 Wow. 81 00:03:35,794 --> 00:03:36,394 Wow. 82 00:03:37,834 --> 00:03:40,494 So something is interesting, right? 83 00:03:40,494 --> 00:03:41,714 So this much is your revenue. 84 00:03:42,214 --> 00:03:48,904 Yeah, so administrative expense is let's see how much is this 61, 000 that includes 85 00:03:48,904 --> 00:03:51,414 their manager's salaries right there. 86 00:03:51,454 --> 00:03:58,284 I see 21, 000 and 13, 000 is a pretty big expense over here. 87 00:03:58,284 --> 00:04:00,954 I just saw, Oh, bad debts. 88 00:04:01,004 --> 00:04:01,454 Ooh. 89 00:04:01,594 --> 00:04:02,304 Did you see that? 90 00:04:03,394 --> 00:04:04,334 13, 000. 91 00:04:04,394 --> 00:04:05,894 I just go to the right side. 92 00:04:06,314 --> 00:04:08,504 Then you look at the bigger numbers, right? 93 00:04:09,764 --> 00:04:13,734 So 000, 13, 000. 94 00:04:13,784 --> 00:04:19,344 Oh, right above, above this 13, 000 in there. 95 00:04:19,604 --> 00:04:20,404 Yeah, right there. 96 00:04:20,404 --> 00:04:21,164 There we go. 97 00:04:21,554 --> 00:04:23,764 See, this is the bad debt expense. 98 00:04:25,314 --> 00:04:30,234 So even these people, of course, in affordable housing, they have 99 00:04:30,264 --> 00:04:32,784 challenges in paying, right? 100 00:04:32,994 --> 00:04:34,344 That's the other thing. 101 00:04:34,704 --> 00:04:41,404 Again, if I may make a comment right now, I would say, see, you want to get 102 00:04:41,564 --> 00:04:47,704 a product that you want to be happy with, and you want to not only make 103 00:04:47,704 --> 00:04:52,494 the good cash flow, but you will keep it for four or five years at least, 104 00:04:52,924 --> 00:04:54,724 and then it should grow in value. 105 00:04:55,484 --> 00:04:56,254 Right, Ankur? 106 00:04:57,464 --> 00:04:58,924 So I'm just thinking. 107 00:04:59,339 --> 00:05:05,669 If you agree with me or maybe affordable housing, this kind of product, I just 108 00:05:05,669 --> 00:05:11,909 saw the bad deck that just made me very sour taste right now, and it just told me 109 00:05:12,019 --> 00:05:17,949 that, we have challenges with the people who are living there already and they're 110 00:05:17,949 --> 00:05:20,899 not going to be going away until 2025. 111 00:05:21,699 --> 00:05:26,379 So there are operators I don't take away, there, there are operators who 112 00:05:26,379 --> 00:05:28,969 will love to work with this product. 113 00:05:29,374 --> 00:05:34,624 But maybe for in my thinking and everything, Oh my gosh, look at this here. 114 00:05:35,034 --> 00:05:35,424 I don't know. 115 00:05:35,504 --> 00:05:40,044 Why is my face looking like just getting a call? 116 00:05:40,044 --> 00:05:40,824 I have to take. 117 00:05:41,184 --> 00:05:41,444 Okay. 118 00:05:41,664 --> 00:05:42,184 No worries. 119 00:05:42,234 --> 00:05:43,064 No worries. 120 00:05:43,214 --> 00:05:45,154 So let's go into another side. 121 00:05:45,434 --> 00:05:47,174 Let's go into RELs. 122 00:05:47,304 --> 00:05:47,784 Okay. 123 00:05:48,034 --> 00:05:50,474 Do we have any IRL we want to talk about? 124 00:05:50,504 --> 00:05:54,684 Or I was just opening up a little something over here. 125 00:05:55,164 --> 00:05:56,354 I did this study. 126 00:05:57,084 --> 00:06:02,084 When I'm buying, as I bought two homes there in in Arizona. 127 00:06:02,414 --> 00:06:06,834 So I did a little investing in residential assisted living in Scottsdale. 128 00:06:07,184 --> 00:06:11,854 If you would like me to, I could go over this slide with you all, 129 00:06:12,424 --> 00:06:14,453 and then that will help a lot. 130 00:06:14,954 --> 00:06:18,304 As you are looking into your area also, is that okay? 131 00:06:18,774 --> 00:06:19,424 Right there. 132 00:06:19,834 --> 00:06:24,204 So in other words, the big thing again is a thriving community for seniors. 133 00:06:24,314 --> 00:06:28,154 That particular area, I have built in Virginia, I built in 134 00:06:28,244 --> 00:06:31,434 Florida for the RAL I chose. 135 00:06:31,744 --> 00:06:34,324 Because I live near San Francisco area. 136 00:06:34,334 --> 00:06:36,604 So I want it to be closer to me. 137 00:06:36,984 --> 00:06:43,234 That's why we chose Scottsdale and Phoenix, area, vibrant cityscape, 138 00:06:43,244 --> 00:06:47,594 right there, of course, historic town is there, which is very nice. 139 00:06:47,594 --> 00:06:51,109 And Scottsdale retirement friendly, very much and scenic 140 00:06:51,129 --> 00:06:53,119 outdoor, everything is there. 141 00:06:53,169 --> 00:06:58,279 The other part is demographical trends, aging population in Scottsdale 142 00:06:58,279 --> 00:07:01,819 alone, population growth is 26%. 143 00:07:02,319 --> 00:07:03,309 They're expected. 144 00:07:03,509 --> 00:07:06,489 So that's a lot of seniors who will be coming. 145 00:07:06,739 --> 00:07:12,209 So hopefully even more product will come, more houses will be converted 146 00:07:12,629 --> 00:07:18,349 to RALs, but that will Take care of the absorption of the demand. 147 00:07:18,349 --> 00:07:20,899 We call it aging right there. 148 00:07:20,899 --> 00:07:26,059 See Scottsdale residents age 65 and older to reach 35%. 149 00:07:26,059 --> 00:07:26,959 One third. 150 00:07:27,399 --> 00:07:33,929 Every third person in 2030 in Scottsdale will be senior citizen. 151 00:07:34,129 --> 00:07:35,069 So that's pretty good. 152 00:07:35,389 --> 00:07:39,139 Median age is 21 percent Scottsdale median age of 45. 153 00:07:39,389 --> 00:07:41,339 Seeing it above the national average. 154 00:07:41,339 --> 00:07:45,229 So that's also one of the ways, we could look at it again. 155 00:07:45,229 --> 00:07:49,229 The demand for senior care seniors is aging population. 156 00:07:49,229 --> 00:07:52,199 Number one, which got me going five years back. 157 00:07:52,549 --> 00:07:54,979 72 myself. 158 00:07:55,249 --> 00:08:00,219 So that way, It's going to be bigger and bigger chunk of seniors who 159 00:08:00,219 --> 00:08:08,339 will be needing assistance because 84, 83, 84, 85, 87 to 110, you need 160 00:08:08,339 --> 00:08:10,369 assistance, some kind of assistance. 161 00:08:10,669 --> 00:08:15,019 So shifts towards independent living will be also, that's true. 162 00:08:15,389 --> 00:08:17,649 And then Alzheimer's and dementia care. 163 00:08:17,879 --> 00:08:20,849 So in our RALs, we do take. 164 00:08:21,384 --> 00:08:27,064 Seniors who have assisted living need and dementia or memory care. 165 00:08:27,364 --> 00:08:28,444 So that's another one. 166 00:08:28,444 --> 00:08:29,654 And diverse care needs. 167 00:08:29,904 --> 00:08:33,474 See, one thing I wanted to mention was residential assisted living 168 00:08:34,374 --> 00:08:36,374 offers a continuum of care. 169 00:08:36,684 --> 00:08:38,864 It's different than the centers. 170 00:08:39,184 --> 00:08:46,504 See, in the major centers, the ratio of caregiving to a senior is 1 to 10. 171 00:08:46,924 --> 00:08:52,164 Or maybe 1 to 12 even sometimes, and some might be lower, but in our homes, 172 00:08:52,214 --> 00:08:55,154 like in Arizona, we have 1 to 4. 173 00:08:55,924 --> 00:09:02,774 So 1, actually 1 to 5 or 1 to 4 is a very common in residential for, 174 00:09:02,814 --> 00:09:05,164 so that way the families like it. 175 00:09:05,484 --> 00:09:07,544 They like to, take their parents. 176 00:09:09,094 --> 00:09:11,824 Two residential assisted living slot more. 177 00:09:12,414 --> 00:09:15,364 Okay, I think I'm going to show it here right there. 178 00:09:15,544 --> 00:09:19,634 Stable returns, consistent income from growing senior population, tax 179 00:09:19,634 --> 00:09:25,424 advantages where you have two LLCs, one for the house, one for the operation. 180 00:09:25,724 --> 00:09:30,964 So you're able to do the tax advantages of cost segregation at the property level. 181 00:09:31,269 --> 00:09:36,109 And then you do the operation level where all the expenses are taken out 182 00:09:36,119 --> 00:09:42,969 from the revenues coming in and the, this LLC pays the rent to this one, 183 00:09:43,069 --> 00:09:45,549 to the real estate LLC right there. 184 00:09:45,759 --> 00:09:47,919 Diversification in recession resistant. 185 00:09:48,209 --> 00:09:49,279 This is a good one. 186 00:09:49,369 --> 00:09:50,309 Oh my gosh. 187 00:09:50,409 --> 00:09:51,899 I cannot tell you more. 188 00:09:52,149 --> 00:09:54,769 I have some graphs after graphs where. 189 00:09:55,279 --> 00:10:01,559 Even the thousand seven, eight, nine, the downturn, it did 190 00:10:01,569 --> 00:10:03,429 not affect the senior living. 191 00:10:04,054 --> 00:10:08,374 Because it's a need driven commercial market or residential market. 192 00:10:08,954 --> 00:10:10,704 It did not go down at all. 193 00:10:10,814 --> 00:10:14,074 Apartments went down, hotels went down, everybody went down. 194 00:10:14,934 --> 00:10:17,744 That's where, the recession resistance is there. 195 00:10:18,154 --> 00:10:21,684 And the economy has very little impact on it. 196 00:10:21,864 --> 00:10:27,949 In a sense, I would say if the Medicare is paying and everything, how the Medicare 197 00:10:28,279 --> 00:10:30,449 goes from this point forward and so on. 198 00:10:30,759 --> 00:10:32,499 We had election day today. 199 00:10:32,729 --> 00:10:37,059 So quality of life contribute to the enhancing of the seniors favorable 200 00:10:37,089 --> 00:10:41,839 regulatory environment in the Scottsdale streamlined approvals 201 00:10:41,839 --> 00:10:46,249 are there, which we have to get the license adaptive regulation. 202 00:10:46,259 --> 00:10:50,259 The city's policies evolved accommodate changing senior living. 203 00:10:50,569 --> 00:10:54,389 Collaborative oversights and tax incentives that the Scottsdale, 204 00:10:54,699 --> 00:10:58,729 provides attractive real estate market in Scottsdale boasts 205 00:10:58,749 --> 00:11:03,709 thriving ample land, strategically located properties near amenities. 206 00:11:04,079 --> 00:11:05,919 Like I bought one for 1. 207 00:11:06,019 --> 00:11:07,289 325. 208 00:11:07,709 --> 00:11:14,179 The other one I bought with a license for 960, 960, 000 minus 209 00:11:14,189 --> 00:11:16,229 the repair credit for the roof. 210 00:11:16,739 --> 00:11:19,329 So that was 24, 000 or something. 211 00:11:19,939 --> 00:11:23,999 Total so my cost was 945. 212 00:11:24,009 --> 00:11:30,159 Let's say 940, and you can really make a good occupancy will also increase 213 00:11:30,429 --> 00:11:36,409 as you, average rent per unit anywhere from like 5000 is usually what we are 214 00:11:36,409 --> 00:11:41,579 finding in Scottsdale, right there, then diversification balance investments 215 00:11:41,589 --> 00:11:45,949 recession resistant, all that stuff experience qualified workforce. 216 00:11:46,269 --> 00:11:51,289 That's the other part, our community manager that we have, that's not ours, but 217 00:11:51,439 --> 00:11:54,129 the community manager is well established. 218 00:11:54,319 --> 00:11:59,599 She's got 18 plus years of experience of running the RALs. 219 00:11:59,829 --> 00:12:05,059 She's got a good what you call a network, the people that, and she's been there for, 220 00:12:05,059 --> 00:12:10,258 32 27 years, I think, in Phoenix area. 221 00:12:10,518 --> 00:12:14,738 So anyway, it's really good to have qualified workforce. 222 00:12:15,028 --> 00:12:19,928 And then she has worked with these caregivers and they want to follow her. 223 00:12:20,318 --> 00:12:25,558 So that's interesting as our we get more and more seniors are very established 224 00:12:25,578 --> 00:12:31,188 caregivers will join our team money team, proximity to the, healthcare facilities. 225 00:12:31,198 --> 00:12:34,388 That's a big one, by the way, please do look into wherever 226 00:12:34,388 --> 00:12:36,668 you are looking for a location. 227 00:12:37,008 --> 00:12:42,298 You definitely want to talk to the city building, what's called 228 00:12:42,348 --> 00:12:44,018 no health department because the. 229 00:12:44,468 --> 00:12:45,498 Give the permits. 230 00:12:45,738 --> 00:12:51,458 So you have to see in your state who gives the licenses and then find out from them 231 00:12:51,468 --> 00:12:58,308 before even you buy the property, whether it will be passing all the all the checks. 232 00:12:58,813 --> 00:13:02,033 And Louis, you were asking me, brother, I remember. 233 00:13:02,103 --> 00:13:06,873 So I'm going to put together a checklist so that we could make sure we check 234 00:13:06,953 --> 00:13:12,163 all these things for making sure that we are not buying a real estate and 235 00:13:12,163 --> 00:13:16,233 find out later on that, Oh my gosh, it's not going to help us, right there. 236 00:13:16,493 --> 00:13:19,493 So repetition of the quality of life is important. 237 00:13:19,723 --> 00:13:22,913 Attractive climate, active retirement, and so forth. 238 00:13:22,953 --> 00:13:24,153 I just stopped there. 239 00:13:24,154 --> 00:13:24,213 Okay. 240 00:13:24,503 --> 00:13:28,283 And let's just ask questions on senior living. 241 00:13:28,313 --> 00:13:31,923 If maybe we could spend a lot more time on that side now. 242 00:13:33,943 --> 00:13:36,343 So what comes to your mind, Cash? 243 00:13:38,213 --> 00:13:39,443 I have a question. 244 00:13:39,443 --> 00:13:41,143 So we'll do that. 245 00:13:42,163 --> 00:13:47,763 So I'm trying to determine this may not be as applicable, but I'm trying to 246 00:13:47,763 --> 00:13:51,403 determine maybe the path of progress, similar to how we do it in multi family. 247 00:13:52,533 --> 00:13:54,003 Where are the building permits happening? 248 00:13:54,013 --> 00:13:55,633 Where is the population coming in? 249 00:13:56,053 --> 00:14:02,653 And that's 1 of the reasons I put this map together for Texas, and it just helps me. 250 00:14:02,673 --> 00:14:05,563 And I don't the question is that a good approach? 251 00:14:06,063 --> 00:14:07,433 The map that I put together. 252 00:14:07,833 --> 00:14:09,293 Okay, I'm seeing, okay, there are. 253 00:14:09,673 --> 00:14:15,263 Where the growth is happening, the number of ALFs are less, which means there is, 254 00:14:15,853 --> 00:14:19,653 we know populations are going there, we know corporations are going there, which 255 00:14:19,653 --> 00:14:21,273 means populations are going to grow. 256 00:14:21,363 --> 00:14:24,973 Is that the correct area of the market, sub market? 257 00:14:25,943 --> 00:14:28,263 I'm so glad you asked that question, Cash. 258 00:14:28,313 --> 00:14:32,963 This is so a million dollar question, by the way, and the key thing is, 259 00:14:32,963 --> 00:14:36,893 see, we want to be away from the jobs. 260 00:14:36,893 --> 00:14:36,953 Thanks. 261 00:14:38,073 --> 00:14:45,433 Because our seniors want to be in the localities where it's residential 262 00:14:46,073 --> 00:14:48,773 and also which are established. 263 00:14:49,638 --> 00:14:55,038 And near to lakes or serene locations or near to hospitals. 264 00:14:55,288 --> 00:15:02,508 So actually the path of progress for workforce housing is not where you 265 00:15:02,518 --> 00:15:07,638 want to go because more yuppies will be coming there, more millennials 266 00:15:07,688 --> 00:15:11,368 will be coming, more people will be working there, right Cash? 267 00:15:11,648 --> 00:15:14,658 So you want to go the reverse way for this one. 268 00:15:16,753 --> 00:15:17,583 That's interesting. 269 00:15:17,623 --> 00:15:19,653 Am I able to share my screen so you can? 270 00:15:19,683 --> 00:15:20,703 Oh, yeah, please do. 271 00:15:20,923 --> 00:15:21,383 Please do it. 272 00:15:21,384 --> 00:15:21,933 Totally. 273 00:15:21,933 --> 00:15:22,603 Totally. 274 00:15:23,663 --> 00:15:24,673 Yeah, let's do this. 275 00:15:24,674 --> 00:15:25,990 This is a great. 276 00:15:25,990 --> 00:15:26,893 This is great. 277 00:15:27,003 --> 00:15:30,773 Yeah, yes, you can always share in our mastermind. 278 00:15:30,833 --> 00:15:33,243 Oh, yeah, we love interactions and all. 279 00:15:33,293 --> 00:15:33,693 Yeah. 280 00:15:33,694 --> 00:15:36,403 Let me just quickly share this. 281 00:15:37,403 --> 00:15:41,518 Let me know when you can see it, and this will be a little confusing, but 282 00:15:41,518 --> 00:15:45,681 I'll walk you through, let me just zoom out, what I'm trying to do, right? 283 00:15:45,681 --> 00:15:45,958 Yes. 284 00:15:45,958 --> 00:15:46,513 Okay, perfect. 285 00:15:46,513 --> 00:15:48,491 So this is Texas, right? 286 00:15:48,541 --> 00:15:52,876 What you'll see here, Austin, Antonio, Yes. 287 00:15:53,266 --> 00:15:56,976 And you'll see the concentration on that. 288 00:15:57,026 --> 00:15:57,396 Yep. 289 00:15:57,446 --> 00:15:57,666 Yep. 290 00:15:57,716 --> 00:16:03,226 In red are your ELS anything from residential to big box. 291 00:16:03,726 --> 00:16:07,666 Can I ask you, how did you get this back? 292 00:16:07,906 --> 00:16:10,026 It's a Google, but you superimposed. 293 00:16:10,466 --> 00:16:11,226 I created it. 294 00:16:11,876 --> 00:16:12,356 I created it. 295 00:16:13,466 --> 00:16:13,746 Awesome. 296 00:16:14,456 --> 00:16:14,536 Yeah. 297 00:16:14,546 --> 00:16:17,596 So in Google My Maps, you can create pretty much anything. 298 00:16:17,636 --> 00:16:21,576 So I wanted to visualize based on your webinar. 299 00:16:22,216 --> 00:16:22,416 Wow. 300 00:16:22,456 --> 00:16:22,796 Back. 301 00:16:23,236 --> 00:16:23,866 Yes. 302 00:16:23,896 --> 00:16:26,856 Be where your competition is, but where others are. 303 00:16:27,356 --> 00:16:29,106 And I'm seeing Dallas. 304 00:16:29,526 --> 00:16:30,936 So let's say this is the airport. 305 00:16:30,986 --> 00:16:31,986 This is four quarter. 306 00:16:32,176 --> 00:16:33,076 This is Dallas. 307 00:16:33,076 --> 00:16:38,966 I'm seeing a lot of are spread around, but a lot of concentration over here in 308 00:16:38,966 --> 00:16:47,466 central hospitals are for healthcare, which yes, and now my question is more 309 00:16:47,466 --> 00:16:49,556 pertaining towards the north where. 310 00:16:50,431 --> 00:16:51,301 There is population. 311 00:16:51,391 --> 00:16:53,631 Yes, there are corporations coming around here. 312 00:16:53,681 --> 00:16:56,621 This is where the companies are coming. 313 00:16:56,971 --> 00:17:01,073 A lot of people, Frisco, Colony, all that area. 314 00:17:01,073 --> 00:17:06,671 Yeah, like Frisco, Prosper, Celina, a lot of construction, residential 315 00:17:06,671 --> 00:17:07,811 construction is happening. 316 00:17:08,191 --> 00:17:11,941 And you'll see there is no registered housing there. 317 00:17:12,411 --> 00:17:17,431 Prosper has and if I click on it, it gives me the address and everything. 318 00:17:17,491 --> 00:17:17,811 Yes. 319 00:17:17,841 --> 00:17:18,721 But It's limited. 320 00:17:18,791 --> 00:17:22,231 And I'm like, okay, this path of progress where I should focus. 321 00:17:22,301 --> 00:17:25,421 And your answer was, no, no, wait a minute. 322 00:17:25,521 --> 00:17:27,351 I'm so glad you brought it up. 323 00:17:27,611 --> 00:17:34,081 So actually, maybe if somebody opened it, I don't know if you want to see that. 324 00:17:34,311 --> 00:17:35,901 When was that opened? 325 00:17:36,836 --> 00:17:38,876 So that will tell you something. 326 00:17:38,876 --> 00:17:39,886 Yeah, what year? 327 00:17:40,096 --> 00:17:42,046 Licensed is May 24th. 328 00:17:43,046 --> 00:17:43,826 Look at that. 329 00:17:44,016 --> 00:17:44,786 Look at that. 330 00:17:44,906 --> 00:17:51,906 So that maybe give us a indication that this person opened it, but 331 00:17:52,046 --> 00:17:57,126 it'll be worth to just call them and probably go to their website. 332 00:17:57,196 --> 00:17:59,216 Can we go to their website right now? 333 00:17:59,646 --> 00:18:00,196 Let's see. 334 00:18:00,216 --> 00:18:02,556 So it's 84, yeah, 84 thirds. 335 00:18:03,056 --> 00:18:03,506 Beautiful. 336 00:18:03,506 --> 00:18:03,756 Beautiful. 337 00:18:04,646 --> 00:18:06,846 Yeah, senior service LLC. 338 00:18:07,486 --> 00:18:07,746 Yep. 339 00:18:07,886 --> 00:18:08,206 Yep. 340 00:18:08,586 --> 00:18:09,886 Let me see if I can. 341 00:18:10,826 --> 00:18:11,276 Sure. 342 00:18:13,056 --> 00:18:14,346 This is beautiful map. 343 00:18:14,346 --> 00:18:14,966 You're put together. 344 00:18:15,006 --> 00:18:16,086 Oh, look at that. 345 00:18:16,376 --> 00:18:16,926 Wow. 346 00:18:17,016 --> 00:18:17,336 Yes. 347 00:18:17,656 --> 00:18:18,416 These guys 348 00:18:18,486 --> 00:18:21,176 unity neighborhood. 349 00:18:21,226 --> 00:18:24,206 Maybe what I'll have to do is go and shop around and see what they're doing. 350 00:18:24,706 --> 00:18:26,456 Yeah, so they're in Prosper, right? 351 00:18:26,466 --> 00:18:27,716 Prosper, wow. 352 00:18:27,856 --> 00:18:31,926 Maybe I can, and I know students in beds, so maybe what I do is I 353 00:18:31,956 --> 00:18:36,116 go to a secret shop, say, okay my, my mom or dad wants to come in. 354 00:18:36,176 --> 00:18:36,476 Yes. 355 00:18:37,136 --> 00:18:41,126 Get into that level of detail, see what their occupancy is, things like that. 356 00:18:41,866 --> 00:18:46,576 But my question was more, is that, Path of progress. 357 00:18:46,586 --> 00:18:47,636 Was that what I'm looking at? 358 00:18:47,636 --> 00:18:49,526 Or should I be looking at a different symbol? 359 00:18:50,026 --> 00:18:52,016 That's a very good very good point. 360 00:18:52,016 --> 00:18:55,986 I'm so glad you brought it up again, because see, I feel like 361 00:18:56,006 --> 00:19:00,696 if somebody designed this and they built 80 bed, I think, or 88 bed, 362 00:19:01,326 --> 00:19:07,746 then there must be demand, and now when there is a big RAL like this 363 00:19:07,756 --> 00:19:13,576 center, I call it the residential, is there one nearby residential also? 364 00:19:14,531 --> 00:19:15,331 Let's check it. 365 00:19:15,531 --> 00:19:16,531 So this is 84. 366 00:19:17,511 --> 00:19:18,861 Oh, 84. 367 00:19:18,861 --> 00:19:20,551 Both of them are huge. 368 00:19:20,671 --> 00:19:21,151 Wow. 369 00:19:21,351 --> 00:19:23,001 16 could be residential. 370 00:19:23,001 --> 00:19:25,171 Oh, okay. 371 00:19:25,171 --> 00:19:26,491 16. 372 00:19:26,491 --> 00:19:28,831 Because Texas allows 16 max, right? 373 00:19:29,061 --> 00:19:29,951 16. 374 00:19:29,951 --> 00:19:30,951 I'll just put this here. 375 00:19:31,401 --> 00:19:31,991 Yeah. 376 00:19:32,861 --> 00:19:35,041 Oh, this looks like a house. 377 00:19:35,541 --> 00:19:36,671 Oh yeah. 378 00:19:37,911 --> 00:19:38,581 Yes. 379 00:19:40,581 --> 00:19:45,021 They probably converted that into a senior living. 380 00:19:45,411 --> 00:19:45,851 Yeah. 381 00:19:45,941 --> 00:19:46,161 Yeah. 382 00:19:46,161 --> 00:19:47,781 So this would be a residential. 383 00:19:47,781 --> 00:19:47,818 Yeah. 384 00:19:47,818 --> 00:19:47,856 Yeah. 385 00:19:48,716 --> 00:19:51,916 Yeah, yes, that's residential. 386 00:19:52,376 --> 00:19:58,306 So try to see, oh wow, assessed value 1, 267, 000, I just saw. 387 00:19:58,656 --> 00:20:00,456 It's expensive, yeah, that area is. 388 00:20:01,206 --> 00:20:02,866 Pretty expensive up there yes. 389 00:20:03,516 --> 00:20:05,266 I am a little bit curious. 390 00:20:05,696 --> 00:20:10,556 It says two bedroom, one and a half bath, but 5, 600. 391 00:20:11,471 --> 00:20:12,521 Oh, 5500. 392 00:20:12,521 --> 00:20:13,411 This is Zillow, right? 393 00:20:13,761 --> 00:20:14,921 So I wouldn't even trust. 394 00:20:15,401 --> 00:20:16,311 Oh, okay. 395 00:20:16,311 --> 00:20:16,891 Okay. 396 00:20:18,251 --> 00:20:22,241 But it tells you, because this is currently licensed. 397 00:20:22,751 --> 00:20:26,211 It is currently licensed and it was open in 2022. 398 00:20:27,101 --> 00:20:31,851 So if I look at 16, I don't even bother going to Zillow, I say it's very 399 00:20:31,851 --> 00:20:33,401 luxury, that's what most people have. 400 00:20:33,781 --> 00:20:35,481 Otherwise, bye, right? 401 00:20:35,581 --> 00:20:35,871 Totally. 402 00:20:36,071 --> 00:20:38,751 So yeah, that was really my question, and then I'm looking at a lot 403 00:20:38,751 --> 00:20:40,671 of construction happening there. 404 00:20:40,671 --> 00:20:41,251 Yes. 405 00:20:41,301 --> 00:20:44,621 A lot of builders are constructing there, but you see there's nothing. 406 00:20:45,701 --> 00:20:46,601 Nothing at all. 407 00:20:46,671 --> 00:20:47,611 Yeah, I see it. 408 00:20:47,701 --> 00:20:49,061 And this is very essential, right? 409 00:20:49,061 --> 00:20:50,331 It's nothing to do with virtual. 410 00:20:50,331 --> 00:20:51,631 And that's why I was asking the question. 411 00:20:51,631 --> 00:20:52,461 Yes. 412 00:20:52,641 --> 00:20:53,151 Yes. 413 00:20:53,881 --> 00:21:00,841 But, at the same token, remember, proximity to hospital is a big criteria. 414 00:21:01,171 --> 00:21:01,421 Yep. 415 00:21:01,461 --> 00:21:02,871 I haven't had the hospital here. 416 00:21:03,556 --> 00:21:07,046 But something I'll yeah, Dallas, we'll see here in the hospital, 417 00:21:07,386 --> 00:21:09,236 I see the city of Frisco. 418 00:21:09,796 --> 00:21:11,656 Yes, this is work in progress. 419 00:21:11,886 --> 00:21:13,066 It's that's I love it. 420 00:21:13,066 --> 00:21:14,746 Like that. 421 00:21:16,126 --> 00:21:16,696 Fabulous. 422 00:21:16,936 --> 00:21:20,061 Glad that's what I wanted to know, if that is the right way or approach. 423 00:21:21,336 --> 00:21:25,496 I would say, again and the statistics, I would like to share with you all. 424 00:21:26,096 --> 00:21:27,956 I've been, I do a lot of research. 425 00:21:27,956 --> 00:21:30,626 I do a lot of reading and so forth and listening. 426 00:21:31,286 --> 00:21:38,806 They say because the seniors are 85 years age, who are in the assisted living. 427 00:21:39,526 --> 00:21:42,391 Their children are 55. 428 00:21:42,936 --> 00:21:51,216 To 62 years of age and majority of the time the daughter decides 429 00:21:51,386 --> 00:21:57,506 what the daughters get more involved with the parents to make a 430 00:21:57,506 --> 00:22:00,906 decision which RAL they need to go. 431 00:22:01,521 --> 00:22:02,101 Wow. 432 00:22:02,721 --> 00:22:04,611 So that's another statistic. 433 00:22:04,611 --> 00:22:12,931 If we find out there are lots of seniors retiring in certain area, then RAL will 434 00:22:12,951 --> 00:22:18,351 be doing well there, close by, because they want to visit their parents and their 435 00:22:18,351 --> 00:22:21,486 grandparents, celebrate birthdays and all. 436 00:22:21,846 --> 00:22:22,366 Wow. 437 00:22:23,376 --> 00:22:26,436 So combine this with the demographic age. 438 00:22:26,576 --> 00:22:27,136 Yes. 439 00:22:27,206 --> 00:22:27,436 Okay. 440 00:22:27,486 --> 00:22:27,696 Yes. 441 00:22:27,756 --> 00:22:28,186 Gotcha. 442 00:22:28,726 --> 00:22:30,046 Thank you. 443 00:22:30,136 --> 00:22:30,636 Sure. 444 00:22:30,646 --> 00:22:31,386 You're welcome. 445 00:22:31,386 --> 00:22:32,026 You're welcome. 446 00:22:32,596 --> 00:22:33,596 What is zip code? 447 00:22:33,666 --> 00:22:34,746 Tell us about. 448 00:22:34,806 --> 00:22:40,286 What does it tell us about a potential REL and what doesn't 449 00:22:40,286 --> 00:22:42,476 it tell us about a potential REL? 450 00:22:42,476 --> 00:22:45,016 Okay, the zip code does not tell us anything. 451 00:22:45,566 --> 00:22:48,546 Zip code is like a certain area. 452 00:22:49,006 --> 00:22:52,386 Now, I would love to mention, I'm glad you asked me that. 453 00:22:52,756 --> 00:22:56,306 Speaker 2: Hi friends, this is Vinny Chopra from here in Danville, 454 00:22:56,366 --> 00:23:00,236 California, and you might be saying, Hey, Vinny, what are these over here? 455 00:23:00,466 --> 00:23:05,166 You know, I wrote this book a few years back, Apartment Syndication 456 00:23:05,166 --> 00:23:07,206 Made Easy, it became top seller. 457 00:23:07,406 --> 00:23:10,166 I came from India with 7 in my pocket. 458 00:23:10,366 --> 00:23:12,316 It says 500 million. 459 00:23:12,456 --> 00:23:15,286 It's going to be 1 billion very soon, very soon. 460 00:23:15,496 --> 00:23:18,186 I'm right at about 850, 900 million. 461 00:23:18,186 --> 00:23:20,756 It's And then I'm ready for the next billion. 462 00:23:20,836 --> 00:23:24,366 Actually, you will see that happening two billion in this book. 463 00:23:24,456 --> 00:23:27,776 Also, the other book I wrote, which has been a very big 464 00:23:27,966 --> 00:23:29,736 positivity has been my life. 465 00:23:30,076 --> 00:23:31,256 Always, always. 466 00:23:31,256 --> 00:23:33,916 I've been married 43 years with two children. 467 00:23:34,226 --> 00:23:36,366 And the beauty is to be positive. 468 00:23:36,406 --> 00:23:39,906 The mindset that can take you to all the places in the world. 469 00:23:40,166 --> 00:23:41,906 And that's the book that also. 470 00:23:42,256 --> 00:23:43,526 Became big, big seller. 471 00:23:43,706 --> 00:23:46,556 My third book, Senior Assisted Living is coming. 472 00:23:46,736 --> 00:23:51,216 So do yourself a favor, go ahead and click the link below to get free 473 00:23:51,216 --> 00:23:56,026 copies, audio copies of these books, even printed copies of these books. 474 00:23:56,246 --> 00:23:59,706 If you, I'm a print in means digital, if you can't afford it, 475 00:23:59,866 --> 00:24:03,956 but I would highly recommend for you to get these or go to amazon. 476 00:24:04,236 --> 00:24:04,646 com. 477 00:24:04,906 --> 00:24:06,026 Just go to Amazon. 478 00:24:06,266 --> 00:24:09,076 I got it in soft cover and hard cover. 479 00:24:09,771 --> 00:24:13,161 In Kindle, in audio, also the Spanish version of this. 480 00:24:13,221 --> 00:24:14,361 Oh, this book also. 481 00:24:14,631 --> 00:24:16,711 So let's crush it, guys. 482 00:24:17,021 --> 00:24:18,741 I know you can be successful. 483 00:24:18,741 --> 00:24:23,101 I know you can do the kind of things that you want to do in life and have 484 00:24:23,101 --> 00:24:28,471 the streams of income and know how to really, you know, educate yourself so 485 00:24:28,471 --> 00:24:33,981 that you could become a strong, strong force in this world in real estate. 486 00:24:34,151 --> 00:24:35,061 I know you can. 487 00:24:35,496 --> 00:24:36,706 So take that step. 488 00:24:36,846 --> 00:24:38,496 Don't just be on the sideline. 489 00:24:38,746 --> 00:24:40,126 Take charge of your life. 490 00:24:40,226 --> 00:24:41,766 Take charge of your education. 491 00:24:42,212 --> 00:24:43,792 So let's just go here. 492 00:24:44,052 --> 00:24:48,022 I'm going to share my screen here and outside right there. 493 00:24:48,072 --> 00:24:52,822 Oh, this is, oh, by the way, All of you are invited to come to my next 494 00:24:52,822 --> 00:24:59,252 webinar coming up here on November the 23rd, which is coming up right there. 495 00:24:59,622 --> 00:25:03,242 And I have 100 people signed up already. 496 00:25:03,502 --> 00:25:05,142 100, to come there. 497 00:25:05,632 --> 00:25:11,832 And if you'd like to set it up, I would appreciate it and love to have you. 498 00:25:11,832 --> 00:25:13,442 You will learn a lot also. 499 00:25:13,832 --> 00:25:14,902 Let me put it down. 500 00:25:14,902 --> 00:25:20,492 So in the chat, since I just got it, I didn't even know there it is right there. 501 00:25:20,782 --> 00:25:22,762 Eventbrite, it's free webinar. 502 00:25:23,032 --> 00:25:24,022 I've been doing like. 503 00:25:24,377 --> 00:25:29,027 Two webinars now every month, hour and a half for senior living, 504 00:25:29,437 --> 00:25:31,027 and then multi family meeting. 505 00:25:31,027 --> 00:25:34,977 I had 69 people registered for that one, I think. 506 00:25:35,367 --> 00:25:38,027 And I, this is still ways away. 507 00:25:38,367 --> 00:25:45,237 I had 169 investors registered for the one that cash, cash you were there brother. 508 00:25:45,507 --> 00:25:50,087 Yeah, so if you would please click on it and if you would like to join, that'd 509 00:25:50,087 --> 00:25:52,827 be great, nice, but let's go here too. 510 00:25:53,267 --> 00:26:00,617 I wanted to take you to my zip code, magic zip code, which I'm told when I went to 511 00:26:00,617 --> 00:26:04,817 Arizona, and they say the occupancy is. 512 00:26:06,482 --> 00:26:08,802 One almost 100 percent there. 513 00:26:09,252 --> 00:26:15,512 The magic zip code is my RAL, which is my first one I bought there. 514 00:26:15,602 --> 00:26:20,302 And I'm just looking for the, I don't remember the their zip codes. 515 00:26:20,392 --> 00:26:21,782 So there it is right there. 516 00:26:22,122 --> 00:26:22,992 I got it now. 517 00:26:23,222 --> 00:26:24,982 85028. 518 00:26:25,597 --> 00:26:30,817 So 85, 85, 0 to 8, for example. 519 00:26:31,677 --> 00:26:33,277 So let's just do that. 520 00:26:33,827 --> 00:26:36,227 Now, zip code map. 521 00:26:37,587 --> 00:26:43,657 This is the map there in Arizona, by the way. 522 00:26:43,912 --> 00:26:50,372 We're when I met with several professional people professionals in assisted living 523 00:26:50,392 --> 00:26:54,812 who own the homes and they're having great hundred percent occupancies and 524 00:26:54,812 --> 00:26:58,332 all this is called the magic zip code. 525 00:26:58,552 --> 00:26:59,022 Wow. 526 00:26:59,672 --> 00:27:03,642 So I ended up buying one there and one very close to it in Scottsdale. 527 00:27:03,962 --> 00:27:05,632 It's called Paradise Valley. 528 00:27:05,997 --> 00:27:06,797 Very nice. 529 00:27:07,237 --> 00:27:09,007 And that's the area there. 530 00:27:09,017 --> 00:27:10,497 So I think, the big thing. 531 00:27:10,627 --> 00:27:11,347 Oh, there we go. 532 00:27:11,347 --> 00:27:12,907 Yeah, Scott still is right there. 533 00:27:13,147 --> 00:27:19,597 So the key thing is, I always say one thing, as you're learning 534 00:27:19,607 --> 00:27:24,367 the business, who know the best, 535 00:27:27,167 --> 00:27:35,407 the directors, the community managers, the placement agencies, who really 536 00:27:35,577 --> 00:27:41,267 find the seniors from hospitals or from doctors and all and they 537 00:27:41,297 --> 00:27:44,837 place them into these RELs, right? 538 00:27:45,417 --> 00:27:52,532 So having a call In that area, wherever you want to buy the home, 539 00:27:53,032 --> 00:27:58,512 it's always a great idea to talk to the professionals who live there. 540 00:27:59,322 --> 00:28:01,182 It's their livelihood. 541 00:28:01,722 --> 00:28:04,242 They will open up so much to you. 542 00:28:04,742 --> 00:28:10,052 And they give you the, strategy, what to do and how to do and all that. 543 00:28:10,342 --> 00:28:11,562 Because guess what? 544 00:28:11,862 --> 00:28:13,382 You will not get license. 545 00:28:13,442 --> 00:28:14,982 I will never get license. 546 00:28:15,487 --> 00:28:22,377 But you will need to hire a community manager with experience 547 00:28:23,047 --> 00:28:25,537 who will be managing your REL. 548 00:28:26,087 --> 00:28:30,787 Unless you are looking into getting a license and so on, 549 00:28:30,787 --> 00:28:31,767 that's a different thing. 550 00:28:31,777 --> 00:28:35,487 It can be very good, if that's your field, why not? 551 00:28:35,547 --> 00:28:35,917 Yeah. 552 00:28:36,467 --> 00:28:41,987 I would say definitely, as you're doing your research, of course, you have to look 553 00:28:41,987 --> 00:28:46,157 at also the affordability of the home. 554 00:28:46,747 --> 00:28:52,237 And then, is this home already retrofitted, renovated? 555 00:28:53,422 --> 00:28:58,272 With the kind of rooms you want and the bathrooms you want, you 556 00:28:58,272 --> 00:29:00,232 don't want the tub bathrooms. 557 00:29:00,632 --> 00:29:06,662 You want walk in showers and ADA compliant, hands and all 558 00:29:06,672 --> 00:29:08,192 that, fixtures, everything. 559 00:29:08,622 --> 00:29:13,562 So that will cost money if you get a house and then you want to renovate it. 560 00:29:13,832 --> 00:29:18,522 Of course, it's dust and it's money, more money and the time. 561 00:29:18,862 --> 00:29:19,552 Three things. 562 00:29:19,762 --> 00:29:22,412 Dust, money, and time, I call it, right? 563 00:29:22,462 --> 00:29:27,752 So that's why the one I bought in first one, ten bedroom, nine and a half, it 564 00:29:27,802 --> 00:29:33,732 took them one and a half year to build that house because it was three bedroom. 565 00:29:34,722 --> 00:29:36,352 They made it into ten bedroom. 566 00:29:36,902 --> 00:29:43,292 And I'm very pleased to share with you, since we are, right here, we're just all 567 00:29:43,332 --> 00:29:50,122 together Kit, my my what should I say, my assistant over there in Philippines, she 568 00:29:50,122 --> 00:29:55,232 was able to just join let's meet, which I did meet her this morning, that's her, 569 00:29:55,512 --> 00:29:58,797 she works very hard, 30, 40 hours a week. 570 00:29:58,797 --> 00:30:01,057 All these posts they come from her. 571 00:30:01,117 --> 00:30:04,277 I am really thankful to her, and then zoom. 572 00:30:04,287 --> 00:30:05,957 We did it right there. 573 00:30:06,407 --> 00:30:07,147 A logo. 574 00:30:07,187 --> 00:30:13,197 I gave her a logo to make of the new fund I'm doing, but she just sent me. 575 00:30:14,247 --> 00:30:14,987 Oh my gosh. 576 00:30:15,237 --> 00:30:17,857 I thought she, she should be right here. 577 00:30:18,357 --> 00:30:19,407 Let's meet right there. 578 00:30:19,447 --> 00:30:20,667 Is there a kit again? 579 00:30:20,787 --> 00:30:21,297 Right there. 580 00:30:21,937 --> 00:30:22,742 There she is. 581 00:30:22,902 --> 00:30:23,662 Has joined. 582 00:30:23,712 --> 00:30:23,902 No. 583 00:30:23,962 --> 00:30:24,422 Come on. 584 00:30:24,432 --> 00:30:24,842 We don't. 585 00:30:25,572 --> 00:30:27,882 Ah, oh, maybe this is it. 586 00:30:28,292 --> 00:30:29,092 Aha. 587 00:30:29,102 --> 00:30:30,472 This is what I was looking for. 588 00:30:31,022 --> 00:30:31,722 Are you ready? 589 00:30:33,632 --> 00:30:38,002 We just did a movie, because we are putting out for 590 00:30:38,022 --> 00:30:39,432 advertising and everything. 591 00:30:39,672 --> 00:30:41,912 So please see right there. 592 00:30:42,912 --> 00:30:43,932 Oh, you can not see. 593 00:30:43,932 --> 00:30:44,682 Oh, sorry. 594 00:30:44,682 --> 00:30:45,802 Oh my gosh. 595 00:30:46,802 --> 00:30:49,702 So this is our 10 bedroom, nine and a half bath. 596 00:30:50,202 --> 00:30:54,382 And we got furnished and everything we don't see it in the background. 597 00:30:54,382 --> 00:30:57,752 I don't know if you could hear it, but we don't even see the screen. 598 00:30:58,752 --> 00:31:00,842 That's the fire drill map. 599 00:31:01,842 --> 00:31:03,502 Of course, they bring their furniture. 600 00:31:03,502 --> 00:31:05,342 Also, they bring their own things. 601 00:31:05,342 --> 00:31:08,412 Also, when the seniors move in, 602 00:31:11,142 --> 00:31:13,292 you can't see the video nor can you. 603 00:31:13,902 --> 00:31:14,662 Oh, my God. 604 00:31:14,732 --> 00:31:15,322 Wait a minute. 605 00:31:15,817 --> 00:31:17,037 My apologies. 606 00:31:17,147 --> 00:31:20,677 Oh my gosh, Vinny, what in the heck you are doing? 607 00:31:20,927 --> 00:31:22,247 So let's see here. 608 00:31:22,557 --> 00:31:23,657 I apologize. 609 00:31:23,717 --> 00:31:28,387 I just showed screen straight, but you could not see it. 610 00:31:28,467 --> 00:31:29,557 Oh, I apologize. 611 00:31:29,567 --> 00:31:30,197 How about now? 612 00:31:31,932 --> 00:31:32,162 Yes. 613 00:31:32,192 --> 00:31:33,492 Can you see it now? 614 00:31:33,552 --> 00:31:34,542 I apologize. 615 00:31:34,592 --> 00:31:36,322 My, I didn't really hear. 616 00:31:36,462 --> 00:31:38,462 And now the music will be on too. 617 00:31:39,302 --> 00:31:40,432 So that's even better. 618 00:31:40,812 --> 00:31:46,292 And let me just show you, this might be a good last part of the inner circle today. 619 00:31:46,482 --> 00:31:50,257 So this is the house I was just talking about, 10 bedroom, nine and a half. 620 00:31:50,547 --> 00:31:52,187 Of course, we have done wonders. 621 00:31:52,307 --> 00:31:53,837 It was already built like that. 622 00:31:53,917 --> 00:31:54,657 Nothing done. 623 00:31:54,887 --> 00:31:59,517 We just furnished it from Amazon, from Furniture Place, all that. 624 00:31:59,747 --> 00:32:04,447 And we got some really good linens and all these beddings for 65 625 00:32:04,457 --> 00:32:06,777 percent off Macy's, all that stuff. 626 00:32:07,107 --> 00:32:09,777 But we are sitting right here, San Francisco. 627 00:32:10,007 --> 00:32:12,807 It's all done by our community manager. 628 00:32:13,437 --> 00:32:16,327 So we have not even seen the house, by the way. 629 00:32:16,327 --> 00:32:32,532 It's a nice dining area, the kitchen, all brand new appliances. 630 00:32:32,532 --> 00:32:36,365 All electrical is new, plumbing is new. 631 00:32:36,365 --> 00:32:37,460 All goody. 632 00:32:37,460 --> 00:32:46,324 It's new, very inviting, and you put a little bit of furniture there, 633 00:32:46,324 --> 00:32:55,187 but seniors bring some of their belongings also, as they come in too. 634 00:32:55,187 --> 00:33:04,752 Every bathroom, you put a little bit of furniture there, but seniors So 635 00:33:04,752 --> 00:33:27,244 this is the fire drill I was talking about, where to go if there is a fire. 636 00:33:27,844 --> 00:33:38,412 This house has Full alarm system also, built in. 637 00:33:38,412 --> 00:33:50,361 Also bedrooms, entrance with everything, right there. 638 00:33:50,361 --> 00:34:00,604 Now that's the office of power. 639 00:34:01,604 --> 00:34:08,782 Community manager right up front And then they are this is probably the 640 00:34:08,782 --> 00:34:17,504 garage which was converted into bedrooms also Looks like it makes Then we bought 641 00:34:18,504 --> 00:34:26,974 these beautiful trees All that big television we bought 65 So that 642 00:34:27,044 --> 00:34:34,184 everything is well appointed there that's our website That's at bloomaz. 643 00:34:34,184 --> 00:34:35,074 co, right there. 644 00:34:35,074 --> 00:34:38,114 And then it just goes into our all that. 645 00:34:38,214 --> 00:34:38,894 Oh, wow. 646 00:34:39,144 --> 00:34:41,574 Oh, I didn't know I could have shown it this way. 647 00:34:41,594 --> 00:34:43,794 Anyway, there we are. 648 00:34:44,294 --> 00:34:47,844 I hope you really enjoyed the inner circle today. 649 00:34:48,034 --> 00:34:48,754 Oh, is it? 650 00:34:49,179 --> 00:34:53,729 It's a little bit any questions come up or anything as you saw 651 00:34:53,729 --> 00:34:56,549 any, how many beds and what's that? 652 00:34:56,599 --> 00:34:57,409 That was beautiful. 653 00:34:57,409 --> 00:34:57,929 By the way. 654 00:34:58,189 --> 00:34:59,449 Oh, thank you. 655 00:34:59,459 --> 00:35:00,079 Thank you. 656 00:35:00,299 --> 00:35:01,789 This is our very first one. 657 00:35:01,799 --> 00:35:06,099 We have built before 94 beds, 94 units. 658 00:35:06,099 --> 00:35:09,339 Actually, I've been building in Virginia, in Florida, but 659 00:35:09,339 --> 00:35:11,979 this is our very first RAL. 660 00:35:12,389 --> 00:35:16,029 And then the second one is eight bedroom, three bathroom. 661 00:35:16,039 --> 00:35:19,289 This one is 10 bedroom, nine and a half bathroom. 662 00:35:20,069 --> 00:35:20,589 This one. 663 00:35:21,249 --> 00:35:25,039 So almost every bedroom has a bathroom attached, nearby. 664 00:35:25,429 --> 00:35:28,349 And I noticed every bedroom has one bed. 665 00:35:28,639 --> 00:35:30,329 So it's one bed only. 666 00:35:30,879 --> 00:35:36,259 Yeah, because in Arizona, we can only have 10 seniors in a residential. 667 00:35:36,479 --> 00:35:36,799 In. 668 00:35:37,594 --> 00:35:38,744 Texas at 16. 669 00:35:38,754 --> 00:35:39,424 You're right. 670 00:35:39,624 --> 00:35:44,544 If we were in Texas with the same house, you could actually pair, right? 671 00:35:44,604 --> 00:35:46,684 And many people love that. 672 00:35:46,914 --> 00:35:47,994 They don't have to pay 5000. 673 00:35:48,944 --> 00:35:50,784 They might pay 3500. 674 00:35:51,014 --> 00:35:54,354 But you've got two seniors now in a nice size room. 675 00:35:54,624 --> 00:35:57,544 That's 7000 for that same room then. 676 00:35:58,044 --> 00:36:02,164 So the revenue increases, actually, yeah, thank you. 677 00:36:02,164 --> 00:36:05,194 I hope you thank you for watching that. 678 00:36:05,194 --> 00:36:07,924 And again, like I said, I didn't do it. 679 00:36:08,034 --> 00:36:09,424 I've not flown there. 680 00:36:09,694 --> 00:36:12,154 I didn't see the house when it was bought. 681 00:36:12,664 --> 00:36:14,404 Everything was done on zoom. 682 00:36:14,734 --> 00:36:20,034 And with proper inspections and title and everything, all that stuff. 683 00:36:20,424 --> 00:36:24,944 Then the second one also, I bought it like that within, maybe few 684 00:36:24,944 --> 00:36:29,064 hours, when the deal comes good, you want to just grab it right there, 685 00:36:29,114 --> 00:36:32,064 so yeah, this house I bought for 1. 686 00:36:32,104 --> 00:36:34,164 325, it appraised at 1. 687 00:36:34,214 --> 00:36:35,474 550. 688 00:36:36,244 --> 00:36:37,644 The seller gave me. 689 00:36:38,034 --> 00:36:39,214 The appraisal. 690 00:36:39,874 --> 00:36:44,074 He says, look at this one, Vinny, but this house has been sold twice. 691 00:36:44,434 --> 00:36:45,314 It fell through. 692 00:36:45,904 --> 00:36:50,254 But when she talked to me, she says, you're talking the real game because 693 00:36:50,254 --> 00:36:52,534 assisted living is what this is meant for. 694 00:36:52,734 --> 00:36:53,394 And so on. 695 00:36:53,404 --> 00:36:56,194 Anyway, thank you so much. 696 00:36:56,194 --> 00:36:57,354 Any other questions? 697 00:36:57,404 --> 00:37:00,434 Let's come back next Wednesday, four o'clock. 698 00:37:00,794 --> 00:37:04,984 And we'll do more underwritings, we'll dig into deeper subjects 699 00:37:05,254 --> 00:37:06,854 and we'll see you next week. 700 00:37:06,894 --> 00:37:07,214 Huh? 701 00:37:07,574 --> 00:37:08,074 Thank you. 702 00:37:08,094 --> 00:37:08,514 Thank you. 703 00:37:08,854 --> 00:37:09,924 Thank you so much. 704 00:37:09,944 --> 00:37:10,514 Thank you. 705 00:37:10,554 --> 00:37:11,074 God bless. 706 00:37:12,304 --> 00:37:13,224 God bless you. 707 00:37:13,274 --> 00:37:14,064 Bye bye. 708 00:37:14,363 --> 00:37:16,953 that's all for this episode of the investor impact. 709 00:37:16,953 --> 00:37:20,693 Stay tuned for the next episode and don't miss out on the opportunity to learn and 710 00:37:20,693 --> 00:37:22,783 grow alongside this powerful inner circle.