Are you ready to dive into the world of assisted living investing but don't know where to start? This guide will walk you through four actionable steps that you can take right now—without risking any money—to begin your journey. Whether you're planning to convert an existing property or build a new assisted living mansion, these steps will help you learn, fail forward, and take massive action toward your investment goals.

Step 1: Research Properties for Sale

Your first step is to find available properties. Use platforms like Zillow, LoopNet, and Realtor.com to search for:

Vacant land

Properties with existing buildings for conversion

Potential assisted living mansion sites

Once you identify a property, call the realtor and ask about zoning, pricing, and availability. Don't worry if you don’t have everything lined up yet—this is about taking action and learning the process. Visit the property, walk the site, and start getting familiar with what’s out there.

Step 2: Talk to the City About Zoning and Permits

After finding a few potential properties, your next step is to visit the city’s planning and zoning department. Provide them with the property addresses and explain your vision:

Are you in the group home or assisted living category?

Is the property zoned for commercial or residential use?

If it’s not zoned properly, what zoning type is needed?

If the zoning doesn’t align, go back to step one and keep searching. Once you find a suitable property, talk to the building department to understand the construction requirements, utility connections, and fire safety regulations.

Step 3: Connect with Lenders and Secure Financing

Before making an offer, start talking to lenders to understand your financing options. Reach out to:

Local commercial lenders

SBA (Small Business Administration) lenders

Hard money lenders

Ask if they have experience funding assisted living projects. Send them your financials, tax records, and a pro forma to assess whether you qualify. If you need additional backing, find a financial partner with assets, equity, and a strong balance sheet to support your investment.

Step 4: Talk to Potential Investors

One of the best ways to secure funding is to share your vision with potential investors. Your network—including friends, family, gym buddies, and colleagues—can become your first investors.

Show your journey on social media by documenting each step:

Touring properties

Meeting with city officials

Developing rough draft site plans

By consistently sharing updates, you’ll educate potential investors about assisted living and position yourself as an expert in the space. Explain the niche: high-end, intimate, residential assisted living—not outdated nursing homes.

Final Thoughts

By following these four steps, you can jumpstart your assisted living investing career without spending a dime upfront. The key is to take massive action, learn from the process, and continuously refine your strategy.

​If you’re serious about investing in assisted living, start today—research properties, talk to the city, connect with lenders, and share your vision. Your future in assisted living investing begins now!