Predicting the future – Where will Group Home Demand Be In over next 20 years?

As business owners, entrepreneurs and investors – one of OUR JOBS is to predict the future.

Frankly, this game becomes quite easy the more you do it and the more you read. Although it is a game of calculated risk and probability……

YOUR JOB IS TO TAKE LARGE BETS WHEN THE PROBABILITIES ARE IN YOUR FAVOR

In other words, if you are at the blackjack table, and you have 21 and YOU KNOW WITH 99.999% certainty that the dealer can’t beat your hand……

YOU PUT ALL YOUR MONEY ON THE TABLE….

Using this thought process, lets walk through the business of group homes and the demand for this type of housing:

LONG TERM DEMAND:

Children must be socialized by the time they are 4 years old. There are thousands of studies on this stuff….here are a few:

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4426688/#B5

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3524590/

In a nutshell, if they are not socialized by the time they turn four years old, they will be alienated by their peer group. By the time males turn about 16, their testosterone begins going through the roof. This begins to wane around 26-27 when most men begin to take on the burden of a career, responsibility and often the burden of a long term family unit.

Knowing this, ask yourself the question:

What happens to the kids who are not in school, camp, class, sports etc right now and therefore are not being socialized?
What happens to these 2-6 year olds in 10 – 14 years?
What are the long term consequences?

The answer is obvious! There will be A HUGE DEMAND FOR GROUP HOMES!

Parents, family members etc are going to want to move their children out and into places where others (i.e. you) house, feed and take care of these people.

CURRENT DEMAND:

Do I really need to send you articles on the HUGE DEMAND FOR GROUP HOMES and the HUGE NEED FOR OUR GROUP HOME COURSE STYLE MANAGEMENT AND OPERATION OF THESE HOMES?

Millions of Americans are about to lose their homes

MILLIONS OF HOMELESS ARE BEING HOUSED IN HOTELS

$800 MIllion FOR HOMELESS HOUSING IN LOS ANGELES

The list goes on and on and on and on…..

The reason I am such and ADVOCATE FOR OUR FREE 10-PART COURSE is because this is what I do and I KNOW THAT THESE PEOPLE AND OUR COMMUNITY NEEDS LEADERS LIKE YOU TO HELP!

We were on a live call with a COACHING STUDENT the other day, showing her how to find contacts in her area that will pay for AND manage her tenants, and look who they were advertising to find:

YOU

No licenses are needed
No money is needed
You do not need to own the real estate
You do not need a college degree
You do not need to go $160,000 in debt! (to make $30 – $45K per yr)

And contrary to common belief, you do not need the home to start!!!

The very first step is to find as many organizations like this in your area.

Think about it, if you had caseworkers following up with you every week begging you to open your home, and you had a 2 – 3K check guaranteed every month to come in for each home (1 person can manage around 15 – 20 of these BTW) …

Wouldn’t you feel more confident leasing a new home, purchasing one, or partnering with a landlord?

Do the math on that 2nd to last paragraph. What is 15 x $2,000??? Not a bad monthly check huh? Stressed out landlords are literally GIVING AWAY their properties to GROUP HOME OWNERS in order to get a small piece of the pie!

Get yours today!

From the hub of the affordable housing crisis, Los Angeles, on this episode we are joined by Dave & Felicia (Group Home Owners) with Uncle Dave’s Housing.

Dave & Felicia met in drug rehab and started their life’s journey in transitional, affordable, sober housing after they became sober themselves.

Felicia was an attorney who was actually hired by a Group Home owner. She did NOT have the proper systems in place like we teach in our FREE 10-PART COURSE, but essentially was a slumlord with a business that had gotten out of hand.

She needed Felicia to help with some paperwork but also needed a stern, management type personality to straighten things out in the homes. Felicia had the perfect person, Dave, he cleaned things up and eventually became the house supervisor for Felicia’s client.

It soon dawned on Dave and Felicia that they could run the business better, more passionately, and be their own bosses while also increasing their bank balance a little. Uncle Dave’s Housing was born.

This was 10 years ago and Dave and Felicia now own, run, and operate multiple properties in Southern California. Uncle Dave’s Housing is a household name in the community & industry, and they are living their dream of getting paid well to help out those who are in need.

If you want to get 1st hand knowledge about the Group Home industry from 2 vets in the trenches, then you do not want to miss this episode!

We talk about how they got started by leasing their 1st property, what they look for in a property to make it profitable in one of the most expensive areas of the country to live in, their legal battles about housing discrimination, management tips and much more!

Even though they dropped a ton of gems here, we only scratched the surface! Luckily, if you are in the Los Angeles area then you can pick their brains yourself! They are actually starting a new business to help new Group Home owners. Check out their website HERE and contact them if your interested in hearing more about their new Group Home auditing business.

If you want to get started in this amazing business then you have 2 options:

1) Learn the hard way like Dave, Felicia, and our Founder Andy did or

2) Save a ton of time, energy and funds by learning from them!

Check out the episode HERE and if you enjoy make sure to subscribe, like, and drop us a review!

Cooperative, Affordable Housing – Cure For the Housing Crisis?

Here at Group Home Riches we believe that affordable, cooperative living will be the next big trend in the Real Estate business.

Our founder, ANDY (CLICK HERE TO HEAR HIS STORY) was wayyyyyy ahead of this trend but Silicon Valley is finally catching up.

There is literally BILLIONS in funding and seed investments going into this niche and Homeroom is another of many new start ups offering this type of housing.

As we often say, solving problems is one of the best ways to get “rich” and one of the biggest problems facing our country today is the lack of affordable housing.

Check out this excerpt from a recent CNN article:

Households that can’t afford to own their home struggle with rent increases that are outpacing inflation, even though millions of them have been unable to pay their rent at all because of the pandemic. And higher rents are making it all but impossible for renters to save. The typical renter saves less than $500 per year, leaving many with little to cover medical or other bills, much less save for their children’s education or a home down payment.

What’s more, the lack of affordable homes to rent or own is forcing families farther from good jobs, limiting their economic opportunity and our economic growth.

There are many different ideas of how to solve the crisis.

Silicon Valley likes to burn through millions making trendy websites and apps and marketing to hipsters.

CNN is calling for billions to be printed and managed by big government so they can save the day.

We like to just stick to what has worked for Andy and our growing community of SUCCESSFUL GROUP HOME ENTREPRENEURS for the past 2 decades.

We like to invest in lower to middle income, appreciating communities where you would typically see a lot of rental properties.

Then instead of “selling” our properties with fancy apps & shiny advertisements, we locate those caseworkers and organizations LIKE THIS working with the types of demographics most landlords and silicon valley firms would never think of working with.

Counterintuitively, and to our advantage (and possibly YOURS) these demographics actually come with many advantages.

– HUGE demand. Look outside any metropolitan area. It’s not the college kids, young professionals, and hipsters who are in desperate need of housing

– Guaranteed payments backed up by Uncle Sam

– 5 – 10x the average rental property’s cashflow…most investors wouldn’t even believe the ROI that we get!

– Outsourced services like case management, supervision, job programs, counseling, nursing etc. Meaning LESS management for you as the home operator.

– No licensing

– You can start with little to NO MONEY!

Ready to get started and have your first home open in the next 30 – 60 days? Sign up for our FREE 10-PART COURSE!

Lessons Learned From a Group Home Veteran

Albert has been in the game for almost 10 years, and as expected he packs this episode with knowledge that you absolutely need to hear if you want to be a Group Home entrepreneur yourself.

Through his experience in the medical field, he was fortunate enough to meet a mentor/partner who had started out running “care homes”.

Just as we teach in FREE 10-PART COURSE if you’re on a tight budget, they started out by leasing their first couple of properties.

We talk about how Albert pitched them, some negotiating points, and why ultimately we believe you should eventually want to operate your homes using what we call “The McDonald’s Method”.

**HINT** McDonald’s #1 Revenue Generating Activity is NOT selling food 😉

One of the many advantages of this industry is that once you learn the fundamentals, there are so many different routes you can take. Licensed homes, unlicensed homes, Real Estate Investing, providing services, and a number of different demographics that you can serve.

While we prefer to focus on the business side of things like marketing, networking, outsourcing, and systems to scaling, you can tell that Albert is truly energized by helping his tenants/clients and likes to be more hands on. He has some amazing pointers on providing great service, building relationships, and some pretty entertaining stories from the frontlines as well.

Even though his personality, like most in the medical field, is that of the “caretaker” with traits like generosity, empathy, self-sacrifice, compassion and service, he has also learned over time to be an astute businessman, basically falling into the position of a successful Real Estate Investor.

On the backend of his business he is building up equity in his investments, tax advantages, and looking into larger multi-family projects in the future!

Make sure to LISTEN HERE, grab your pen and take some notes! If you gain some value don’t forget to subscribe and drop an honest review about what you think!

If you’re ready to get started, with no license, no experience, little to no money, and STILL be up and running in the next 30 – 60 days then sign up for our FREE 10-PART COURSE if you haven’t already.

Want to streamline things??

How to Get Your Piece of this $12 Billion Pie

Take a look at this from the article above:

“Newsom’s proposal includes 8.75 billion to expand a California program created during the pandemic that converts hotel and motel rooms and other properties into housing for people in need. Roughly half of that would go toward creating housing where mental health and other behavioral services are provided on site to people living there.”

The nation’s most populous state has an estimated 161,000 people experiencing homelessness, which is more than any other state.

Beyond converting hotels, Newsom proposed 3.5 billion on new housing and rental support for families”

Note the underlined sections. This is where you come in. Here is another reason you are needed, from the article:

“A new state database shows that nearly 250,000 people sought housing services from local housing officials in 2020. Of that number, 117,000 people are still waiting for help while nearly 92,000 people found housing.”

More than HALF of the people that signed up for these services were not placed in housing.

Why is that you ask?

Well take a look at one of these programs from the state and note what one of their biggest issues is:

Most landlords are not like you! They are not driven to help their community, and quite frankly they don’t understand the benefits of working with programs like this.

This is why the very first thing we teach in our FREE 10-PART COURSE is to locate these organizations!

You see that big headline that says TWELVE BILLION 💰 right?

Well that is going to flow to these nonprofits and social service organizations, and then we teach our  students how to market to them.

Listen to the following video to see how it’s done. This is the very first thing we require our ONE ON ONE COACHING students to do BEFORE acquiring a property. Note the pitch…

“Hi, I’m a real estate investor looking to get a home in the next year or so. I’d like to help with the affordable housing crisis and see you have a rapid rehousing program, I’m just calling to get more information on that”

See how easy that is!!!

Now imagine if you did this 10 times and understood the following:

The simple FEDERAL guidelines that we adhere to when it comes to housing

How and Why to get started without going through the licensing process

How to find hundreds of organizations in your area that are not looking for medical experts, experienced Group Home Owners, or Licensed Facilities but

LANDLORDS

But instead of being an average “Landlord”…

You will be 10x’ing the average rental property, get guaranteed checks from the gov’t, have much more control over your property and help out your community.

The only thing holding you back from doing this is FEAR and LACK OF KNOWLEDGE!

Get the knowledge that will help you overcome your fear and get started today!

The Group Home Blueprint with Tasha and Tamara