He Sold 177 Apartment Units. Here's What He's Building Next! | EP 168

He sold 177 apartment units. Now, he's building two Assisted Living Mansions—and his reason for making the switch goes beyond real estate. After more than 22 years as a registered nurse, Edwin moved into real estate investing, acquired 177 multifamily units across two deals, and eventually sold those properties. But when his mother was diagnosed with Alzheimer's, his search for quality senior care introduced him to a different investment opportunity: Residential Assisted Living. In this episode of the Assisted Living Investing Podcast, I sit down with Edwin, a fellow Mansion Builder, to discuss why he is shifting from traditional multifamily real estate to ground-up Assisted Living development—and what it takes to turn that vision into reality. Edwin is now working toward building two Assisted Living Mansions in the Houston area. We discuss the challenges of finding the right land, evaluating the numbers, raising capital, navigating entitlements, and planning for operations. He also shares how his experience as a nurse and multifamily investor shaped his decision to enter senior housing. If you're exploring Real Estate Assisted Living (RAL), looking for your next real estate investment, or considering building an Assisted Living business, this conversation offers an inside look at the opportunity, the challenges, and the long-term vision. IN THIS EPISODE: 00:00 – Meet Edwin: From nursing and multifamily to Assisted Living 01:06 – How rental real estate helped him leave nursing 02:15 – His first multifamily investments: 177 apartment units 02:44 – Why he sold his apartment properties 02:58 – How his mother's Alzheimer's diagnosis changed his perspective 04:18 – Why he's looking beyond traditional multifamily investing 05:31 – The opportunity in senior housing and Assisted Living 06:38 – Why mentorship matters in commercial real estate 07:00 – Why he chose new construction over remodeling 08:01 – Why the Mansion model stood out 09:49 – Seeing the impact of quality care firsthand 10:41 – The challenge of finding the right land near Houston 12:17 – Getting a property under contract and planning two Mansions 14:40 – Raising capital while navigating development and permitting 15:39 – How his healthcare experience will shape operations 17:09 – Helping other Mansion Builders with fundraising 20:02 – His plan to stabilize the first two Mansions 22:21 – Who should consider this business—and who shouldn't 23:31 – Why this niche offers a different path in senior housing 24:18 – Starting with one Mansion versus building multiple 25:02 – His long-term growth and exit strategy 26:05 – Where to learn more about Edwin's project EXPLORE ASSISTED LIVING INVESTING Interested in building an Assisted Living Mansion in your market? My team and I can help you explore your local opportunity, understand potential construction costs and senior living bed rates, and determine whether this business model fits your goals. Book a call with my team: https://bit.ly/assistedlivinginvesting Building an Assisted Living business takes planning, capital, and commitment. But for the right person, it can bring together real estate investing, business ownership, and a meaningful way to serve seniors. #AssistedLivingInvesting #RealEstateInvesting #ResidentialAssistedLiving #RealEstateAssistedLiving #SeniorHousing #MultifamilyInvesting #AssistedLivingBusiness #RealEstateDevelopment #AssistedLivingMansion