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From Broke to 3 Care Homes: Lessons in Building an Assisted Living Business with Boris & Amanda Palomino

  1. From Broke to 3 Care Homes: Lessons in Building an Assisted Living Business with Boris & Amanda Palomino 48:07

In this episode of the RAL Room Assisted Living Podcast, Dr. Alex Schloe sits down with Boris and Amanda Palomino, owners of three residential care homes in California and founders of a growing RAL academy. 🏡

They share how they went from living in a 300 sq ft ADU to building multiple care homes—and the hard lessons learned along the way.

Here’s what we cover:
 ✅ How they started with no healthcare experience
 ✅ The biggest mistakes that cost them hundreds of thousands
 ✅ Why finding the right team (realtors, contractors, lenders) is critical
 ✅ How assisted living creates both cash flow and Real Estate wealth
 ✅ Why California is one of the best markets for RAL

👉 If you’re looking to start or scale an assisted living business, this episode is packed with real, hard-earned insights.

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Book a Discovery Call with Legato Living: https://theralroom.com/legato/

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Alex Schloe Dr. Alex Schloe

Dr. Alex Schloe is a husband, father, multifaceted real estate investor, entrepreneur, and Air Force family medicine physician who helps physicians unlock financial freedom in the hospital and at home through real estate investing and entrepreneurship. As the host of the Physicians and Properties Podcast and co-host of The RAL Room Assisted Living Podcast, Alex shares actionable insights on building wealth, creating impact, and designing a life of purpose. Him and his partners have a goal to open 100 RAL homes by 2027.