Today on the show, we welcome Doug Fullaway. Doug is a Harvard MBA graduate with a rich history as an industrial engineer, a marine officer, and former CEO of the largest software provider for assisted living communities. Today, Doug serves as the President of FourteenPlus, and is 100% focused and passionate about equity and investing in senior living.
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In this episode, Doug shares why senior living is the golden opportunity we don’t want to miss. Having been proven as the asset class with the best returns, it’s surprising how few investors have made senior living a priority in their business. This is an excellent episode for resources, advice, and the most up-to-date information on senior living investment in the USA today. Here, Doug shares the difference between group homes, senior apartments, and assisted living communities. As well as where to find senior living deals, buying criteria, and why there is an urgent need for leadership in this untapped, feel-good market today.
Key Points from This Episode:
- Discover why investing in assisted living is not much different from multi-family.
- When you take the population growth rate of senior citizens, you’ll see a golden opportunity.
- Why it’s worth investigating a market that is not well understood by most property investors.
- Small towns or big cities? Where to begin looking for senior living property deals in the US.
- Find out what The National Council of Real Estate Fiduciaries’ stats say about senior living.
- Learn more about Madras, the tiny town in Oregon, becoming famous for senior living.
- The difference between group homes, senior apartments, and assisted living communities.
- Raise funds to build a senior housing business through The National Investment Center.
- Doug shares why this particular asset class is a calling to take care of other people.
- Why there is a growing need for leadership in the assisted living space today.
- Building up your network by being highly responsive to the questions that come your way.
- Stay calm and keep going: Senior living is a unique asset class because it has no downturns.
- And much more!
[bctt tweet=”The asset class of real estate that produces the best returns is senior living and it’s not well known that, that’s the case! — @Dougf1908″ username=”Whitney_Sewell”]
Links Mentioned in Today’s Episode:
The National Council of Real Estate Fiduciaries
The National Investment Center (NIC)
About Doug Fullaway
Doug Fullaway leads FourteenPlus as it provides capital raising for the senior living market. He was the CEO of a company that provided software to thousands of assisted living communities. He is an owner of senior living communities and serves on the board of the Veteran’s Centers of Oregon. He teaches at several universities. He has an industrial engineering degree from Oregon State and an MBA from Harvard.
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