Residential Assisted Living Academy Review (2023 Update): Creative Real Estate Course?
The Residential Assisted Living Academy provides a course by Gene Guarino which teaches people how to make money through residential assisted living.
Now, you might be wondering if this is a legit way to invest in real estate, and that is exactly what we'll be covering.
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...
This Residential Assisted Living Academy review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.
- Lucrative business model
- Unique business idea
- The creators are credible
- Needs a lot of capital
- The whole process is stressful
- Not for everyone
Why Listen To UsMy name is Josiah, and this is my Dad, Joel.
Together, we make up the team here at Scamrisk.
If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.
In early 2020, I had just graduated from college & had no real career prospects.
I knew I was destined for something more, but I had no clue how I was going to make it happen.
I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.
I had fiddled around with some different online businesses in college:
Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.
Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.
All I really wanted was to find something that was going to actually work for me.
Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.
So I searched! And searched… and searched… and searched…
And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).
I didn’t really want to be “rich”.
The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.
Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.
I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.
Fast forward a few days and a few phone calls & I was enrolled!
Here’s the first “money making website” I put up:
I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.
The best part to me? My dad and I get to do it all together!
So between the:
Is why I recommend local lead generation as my #1 business model for making money online.
Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.
I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!
Residential Assisted Living Academy is a real estate investing program.
Like most real estate investing training courses, you’ll likely be exposed to the “Big 3” investing types:
- Long-term buy-and-hold
Regardless of which path you go down, there is a lot of potential with real estate investing.
After all, it’s the world’s oldest wealth-builder.
However, before you leave this Residential Assisted Living Academy review and go sign up, you might want to ask yourself:
“Is now the right time for me to get into real estate investing?”
Because, no matter which way you slice it, real estate investing is extremely capital intensive, labor intensive, or both.
So if you’ve only got an hour or two a day, or your savings account is a few zeroes lighter than you’re comfortable with, this might not be the best time for you to jump into real estate investing.
But that doesn’t mean you’re out of luck. It just means you need a system to free up more time and give yourself a stronger financial cushion.
A good way to get yourself there is with Digital Leasing.
Digital Leasing takes all the best parts of real estate investing, while eliminating most of the headaches:
- Low cashflow
- Interest payments
- High overhead
- Expensive repairs and maintenance
- Problematic tenants
And the best part?
Digital Leasing allows you to build a passive income stream that’s actually passive!
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000).
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day analyzing deals, cold-calling homeowners, or dealing with contractors.
If that sounds like something you’d be interested in, check out Digital Leasing.
This is the perfect first step to build recurring income that you can then use to start investing in real estate down the line.
However, if you’d still like to know more about Residential Assisted Living Academy, keep reading.
What Is RAL Academy?
The Residential Assisted Living Academy (RAL Academy) offers an online course that introduces a RAL business model for providing senior housing and single family home assisted living services. With the right location, you can create cash flow and passive income in the daily living and senior living sector.
In essence, it's similar to a nursing home, albeit with fewer occupants and fewer 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?
Gene Guarino, the founder of RAL Academy, boasts over 30 years of experience as a former real estate investor and entrepreneur. His personal experience with residential assisted living served as the inspiration for his entry into the industry.
In the late 2,000s, Gene's mother fell ill, and finding a suitable assisted living home for her kept him up late at night. However, the available options did not meet his standards for his mother's care, leading him to vow to create his own facility.
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 presents three options for learning the senior living sector. The initial option is free of charge and serves as an introductory course intended to pique your interest.
The other two programs offer comparable educational content, and the decision on which one to take is entirely up to your personal preference. The in-person program provides the best opportunity to learn, in my opinion.
Below is a brief summary of the courses that RAL Academy provides.
Free Online Course
The free online course offered by RAL Academy functions as an introductory lesson on the residential assisted living business model. It provides a comprehensive overview of how the business works and how you can profit from it.
Additionally, the course emphasizes the benefits of running this type of business. It's important to note that the free program is essentially a sales pitch aimed at persuading you to enroll in their paid programs.
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
RAL Academy's Assisted Living Business Accelerator is their main product, providing a comprehensive online course that covers everything necessary to start and operate a residential assisted living business independently.
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 in 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?
RAL Academy offers different training programs at varying prices, depending on your needs. The Assisted Living Business Accelerator online course costs $1,497, while registration for their live or online events costs around $2,997.
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.
Is Residential Assisted Living Academy A Scam?
So, is Residential Assisted Living Academy a scam? Not at all. You absolutely can make money with this program, but it’s definitely not as easy as Gene Guarino makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and - most importantly - the actual profit margins on these types real estate investments can be pretty small.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months - looking at deals, sending out offers, negotiating with the seller and lender to buy an RAL property - and then your reward is like $100 a month per unit in profits, it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (with a 90-95% profit margin)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
And, unlike traditional real estate, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are there alternatives to Residential Assisted Living Academy?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is Our #1 Recommendation For Making Money Online In 2023?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
Flipping and wholesaling are full-time jobs (and more), no matter what any real estate guru tells you. You always have to be searching for deals, because if you stop, so does the money.
2) You Own & Control EVERYTHING: Yes, in traditional real estate you kind of “own” the properties. But there’s also a ton of debt tied to most real estate investments, which means the property isn’t truly yours... at least not right away.
A lender can take it away if you miss a payment. Not to mention, loan payments really impact your profit margins.
With Digital Leasing, you own the assets outright (with a 90-95% profit margin), which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront.
Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket...even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Minimal Ongoing Expenses: With traditional real estate, monthly expenses are HIGH.
Between loan payments, ongoing maintenance, and repairs (not to mention the possibility of having to go through the eviction process), profit margins are slim.
Plus, whenever you have a vacancy, factor in the costs to turn over a unit (plus the fact there’s no money coming in until the next tenant moves in).
With Digital Leasing, a 100% online business with minimal maintenance and ongoing costs, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with traditional real estate investing, you’d have to double your monthly rent, double your deals/number of units OR double your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. With Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either...a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Residential Assisted Living Academy which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
#1 Business Recommendation
We each make around $10,000 per month with the help of this system.yes, show me more