Ep 109 – Investing in Assisted Living Facilities with Brett Chotkevys

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The Alternative Investing Advantage Learn how to take control and give yourself the freedom to choose where you invest your money

This week on the Alternative Investing Advantage podcast, host Alex Perny welcomes Brett Chotkevys of Palm University for a discussion on investing in assisted living facilities. Brett has over ten years of ALF investing experience, and is the co-owner of Platinum Resort Assisted Living and multiple real estate development companies across the U.S.

During this episode, Brett covers the basics of investing in assisted living facilities. He shares his experience of building a neighborhood of mansions for 2.2 million dollars, borrowing about 2.8 million per unit, including furniture, fixtures, working capital, interest reserves, lease up reserves, and other costs. Brett emphasizes the importance of learning from mistakes and adapting to new situations to ensure success in future endeavors. He also describes the process of acquiring a commercial property in an unincorporated area. Which involved navigating various zoning issues, planning and zoning meetings, and dealing with the fire marshal.

Learn more about investing in assisted living facilities and other alternative assets.

Do you want to be a guest on the Alternative Investing Advantage? Contact us.

About Our Guest Brett ChotkevysBrett Chotkevys is the co-owner of Platinum Resort Assisted Living and multiple real estate development companies across the US.

Brett Chotkevys is the co-owner of Platinum Resort Assisted Living and multiple real estate development companies across the US. He used his real estate and business expertise to redefine assisted living. He created the Mansion Assisted Living model, a franchise style, plug and play, assisted living business-in-a-box. Brett has redesigned the assisted living space to look and feel like a boutique Mansion. Brett has created scalable systems and processes that provide all the care and amenities of a large facility into an upscale luxury assisted living home.

About Our Host Alex Perny, CISP

Headshot of Alex Perny

Alex Perny is a business development specialist and host of Advanta IRA’s podcast, the Alternative Investment Advantage. He is a self-described policy geek who loves learning the rules and technical aspects of SDIRAs, employer plans, and IRS regulations.

For more than a decade, Alex has helped thousands invest in alternative assets. These include precious metals, real estate, private stock, notes, and countless others. Additionally, he has spoken to investors across the country about using retirement plans to invest outside the stock market. Alex also believes so strongly in self-direction that he invests his own IRA and HSA in real estate and private equity.