Gene Guarino’s course on residential supported living is available through the Residential Assisted Living Academy.
I’ll discuss whether or not this method of real estate investment is legitimate to answer your questions.
In this review, you’ll get a good understanding of the nuts and bolts of this program, including its history, cost of enrollment, curriculum overview, and any other important information.
By the end of this review, you’ll have a clear understanding of whether or not the RAL Academy is for you.
So, let’s jump right into it…
Residential Assisted Living Academy is a course that teaches you about real estate investing.
If you’ve read my other articles on real estate investing, you’ll know there are 3 primary ways to invest:
Wholesaling, buy-and-hold, and flipping.
While they each have their pros and cons, there is a ton of potential for success investing in real estate.
Real estate has created some of the largest fortunes in world history.
That being said, you should take some time to seriously think about something:
Is now the best time for YOU to get into real estate investing?
Because despite the potential upside, investing in properties or land takes a lot of capital, and is very labor intensive.
That means if you:
- Have less than 3 hours per day, OR
- Aren’t sitting on $20K+ in disposable income
This may not be the best time for you to start investing in physical real estate.
Don’t get me wrong, real estate investing can be an amazing way to protect your assets while generating cash – but there’s a time and a place for it.
But there’s good news!
All you need is a system to generate the cash (& free time) you need to be ready for real estate investing.
My preferred method of getting there is by becoming a Digital Landlord
It takes the benefits of real estate investing, but removes many of the barriers (& annoyances), like::
- Small cash flow on properties
- Having to take out debt
- Dealing with repairs and upkeep
- Dealing with tenants
The cool part is that the income is mostly recurring (AKA semi-passive).
You could make anywhere from $2,000-$10,000+ per month doing it.
You can build it as big (or small) as you feel like, without the annoyances I listed above.
If that sounds interesting, you might want to think about using the Digital Rental Method.
Then, you can take the profits and start investing in physical real estate a year or two from now.
If you wanna see what Residential Assisted Living Academy looks like on the inside, keep reading.
What Is RAL Academy?
A RAL business model for senior housing and in-home assisted living is introduced in an online course offered by the Residential Assisted Living Academy (RAL Academy). Cash flow and passive income may be generated in the daily and senior living sector with the correct location.
In essence, it’s similar to a nursing home, albeit with fewer occupants and staff. Through the RAL Academy, you’ll learn how to set up your own RAL center, including preparing your residence, acquiring the necessary equipment, and identifying qualities to seek in potential staff.
This program claims that RAL centers can yield significant profits, with potential monthly earnings ranging from $5,000 to $15,000.
On top of that, by establishing your own RAL business, you can alleviate the burden on larger nursing homes, which are struggling to meet the growing demand for elderly care.
If you have any experience in caregiving along with a good-sized real estate investment portfolio, this business model may be an ideal fit for you.
Who Is Behind RAL Academy?
RAL Academy’s founder, Gene Guarino, has over 30 years of experience as a former real estate investor and entrepreneur. His expertise with residential assisted living influenced his decision to enter the profession.
Gene’s mother became unwell in the late 2000s, and locating a suitable assisted living home kept him awake at night. Yet, the existing choices did not fulfill his mother’s care requirements, prompting him to pledge to build his center.
This determination eventually led to the establishment of the RAL Academy. Although Gene has recently stepped down, his legacy endures through the efforts of the RAL Academy team.
Currently, the CEO of RAL Academy is Emmanuel Guarino.
What Do You Get With RAL Academy?
RAL Academy offers three paths to education in the elder living industry. The first choice, provided at no cost, is meant to act as an introduction and stimulate your curiosity.
The other two courses are equally informative; picking one over the other is a matter of personal taste. The optimum learning experience is found in a live classroom setting.
Below is a brief summary of the courses that RAL Academy provides.
Free Online Course
RAL Academy’s free online course serves as an overview of the industry of residential assisted living. It explains everything you need to know to run the company and make money successfully.
The seminar also highlights the benefits of owning and operating such a company. The free software is primarily a sales pitch for their commercial solutions.
However, if you’re interested in the business model but have reservations, attending the webinar can be a good starting point. The caveat is that becoming a lead may result in receiving multiple marketing emails from RAL Academy.
Assisted Living Business Accelerator
The Assisted Living Business Accelerator is RAL Academy’s flagship product; it’s an online training program that teaches you how to set up and run your own assisted living facility.
Consisting of just 10 modules, this course is still incredibly informative and detailed. Here’s a brief overview of each of the modules:
Module 1: Master the Basics of Residential Assisted Living
This module explains everything you’ll need to know to start your business. It includes topics such as selecting the right location, creating a safe indoor environment, cash flow, architecture tips, passing inspections, licensing, zoning requirements, and finding patients.
Module 2: Opportunities
All you need to know about RAL options, such as comprehending essential terminology, deciding whether to buy a home outright or lease it, employing a private lender, becoming an investor or franchise owner, and selecting the kind of home you want to buy.
Module 3: Real Estate
Learn the appropriate amount of bedrooms and bathrooms, the value of common areas and outdoor gathering spaces, the real estate criteria for RAL homes, including magical curb appeal, and deciding between purchasing a home that is profitable right now or one that requires renovation.
Module 4: Location
Your success in residential assisted living depends on location, location, location. Learn about more critical information like the 20-minute rule, the significance of demographics, how to investigate the competitors, and how to grade the neighborhood.
Module 5: Own A Business that Runs With or Without You
Comprehensive training on how to establish and grow your own business, including how to get startup money, plan your initial expansion, and sustain long-term success while utilizing your proven business model.
Module 6: Funding
There are 7 different ways to fund a RAL, which is a crucial aspect of ownership. The four Cs, the capital stack, conventional and unconventional borrowing methods, and company planning are essential to finance.
Module 7: Cash Flow
It is crucial to get professional training to better understand cash flow, how money is collected, and where it goes. Learn how to calculate the profitability for a RAL business, as well as who pays for residents and what types of expenses there are.
Module 8: Buying
Buying a preexisting RAL puts you in the black right away, but there are other things to think about, such as location, history, and your primary goal. Examining financial records, prospects for growth, techniques for business appraisal, and deciding whether or not to build a RAL from scratch and buying one that already exists are some of the other subjects covered.
Module 9: Marketing
Learn how to promote your RAL house, build a solid brand for your company, create marketing materials and brochures, attract wealthy residents to your property, and utilize effective advertising strategies.
Module 10: Run Daily Operations Like A Pro
Learn how to attract high-paying residents, operate your facility using done-for-you systems, hire winning personnel, and navigate the subtleties of providing residents with food, activities, and other forms of entertainment.
3-Day Live And Online Events
RAL Academy offers monthly events that can be attended in person or online. Due to COVID-19, live events may have an unpredictable schedule, but they are now held more regularly.
The activities in the live and online events differ, with each focusing on a different training method. The live events include a private tour of a residential assisted living home, meeting the staff, case study access, review of architect designs, and networking opportunities.
Meanwhile, the online events provide training on starting and operating a residential assisted living business, tips for success and avoiding mistakes, a 10-step formula to get started quickly, outsourcing tips, and scaling the business.
How Much Does RAL Academy Cost?
You may choose from various training programs at RAL Academy, each with its price tag. There is a difference between the $1,497 cost of the Assisted Living Business Accelerator online course and the $2,997 cost of attending one of their live or virtual events.
It’s important to note that in addition to program fees, you will also need to consider the costs associated with setting up and operating your own assisted living business. These costs can include property expenses, staff salaries, food and supplies for residents, maintenance expenses, and zoning and licensing costs.
While this business model has the potential to generate substantial profits, it’s important to keep in mind that your actual earnings may be lower than expected. Furthermore, starting an assisted living business requires significant capital investment.
Are There Alternatives To Residential Assisted Living Academy?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
Is Residential Assisted Living Academy A Scam?
So, time for the $1,000,000 question – is Residential Assisted Living Academy a scam?
No, not technically. You can 100% make money with this program, though it’s not nearly as simple as they make it seem.
As with most businesses, there is A LOT of work to be done upfront & no guarantee of you being successful.
Not to mention the profit margins are typically pretty small.
Don’t get me wrong, I’m a big proponent of front-loading work now, so that you can reap the rewards later.
But if I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3 months (I personally did it in my first 2 weeks of using the Digital Rental Method).
Unlike physical real estate, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Rental Method that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, using the Digital Rental Method might be for you!
What Is My #1 Recommendation For Making Money Online In 2024?
Read Our In Depth Breakdown Of The Top 5 OppMLM Courses For 2024
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
It’s worth noting that I FULLY endorse real estate investing as a way to grow wealth, and that’s why I invest my own money in commercial and residential real estate.
That being said, my #1 recommendation for making real money online as a beginner is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, using the Digital Rental Method is for you.
Why?
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Real estate investing is a FULL-TIME JOB. If you stop finding deals, your money dries up.
Ownership & Control: Unless you’re buying your properties in cash, you don’t technically own the properties – the lender does.
If you miss a single payment, the property can be taken from you.
Why pour your soul into a business that could be taken away from you at the drop of a dime?
With the Digital Rental Method, you literally own all of the assets, which means you have ultimate control.
Ongoing costs: With real estate, profit margins are actually pretty slim. Real wealth is made in owning the assets, and owning A LOT of them.
using the Digital Rental Method, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with real estate investing, you would need twice as many properties, or double your profit margins on each property. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
Make Money Helping Real People: With the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other opportunities Residential Assisted Living Academy, which might make you money.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
