50,000 Veterans Need a Home. Help Them With a Group Home.

Some of them gave their all, like the ones pictured above, but all of them were willing to.

A major blemish on our country’s record, in our humble opinion, is the treatment of our veterans that were willing to give their all. They fought for our freedom, and then come home to fight their own personal wars with little to no help.

After being overworked, multiple tours, PTSD etc. they then come home and have to FIGHT FOR THEIR BENEFITS. In fact, on one single night in 2018, over 50,000 of them were homeless, unsheltered, and LIVING IN THE STREET.

The best part about working with Group Home Riches is seeing people like YOU take action to solve this and other housing problems across the country.

Like you, they had the desire to help out their community and people in need, while at the same time bettering THEIR lives financially in the process!

Listen to JAMIE’S STORY HERE, or on THE GROUP HOME RICHES PODCAST. He was a young Real Estate investor and entrepreneur who wanted to help veterans in his hometown but did not have a license, or a lot of money to start! He used a creative Real Estate acquisition strategy taught in OUR FREE 10-PART COURSE to get a property with very little money down.  Then he used creative crowdfunding strategies for every other aspect of the process! In fact, his story was SO COOL and heart warming that his local news covered it! Check that out HERE.

Check out Kirby’s story on the GROUP HOME RICHES PODCAST. A former veteran himself, he runs a non-profit that helps vet’s start businesses and has also built a Real Estate Empire housing formerly homeless Veterans that utilize the HUD-VASH program.

Listen to JOSE’S STORY HERE, or on the GROUP HOME RICHES PODCAST. Jose is an immigrant that grew up working the fields. He taught himself English while putting himself through college, and started out with 1 rental property. Then he came to us to find something a little more spiritually…and financially…rewarding by housing veterans in his community. He implemented everything on OUR FREE 10-PART COURSE, and within about 6 months of working on his Group Home business part time, his part-time income SURPASSED his full time income in Insurance Sales.

These are just a few stories of people just like yourself that TOOK ACTION on their desire to help some of these 50,000 plus Veterans in need!

You can do the same thing and it doesn’t take a lot of money, a license, or permission from the Government to get started!

If you’re ready to create YOUR story…

The First Steps to Opening Your Group Home

#1 How Much Can You Charge

The easiest way to start your Group Home, no matter what specific niche it is if you do want to target 1 specific niche, is to simply provide housing. Outsource any licensed care to Home Health Companies so you don’t have to deal with additional licensing and regulation, and charge per bed or per room. We typically charge per bed, and the fee is going to vary depending on your market. Figure out how much a 1 bedroom or studio apartment goes for on average in a comparable area, plus all bills: water, electric, cable, internet, etc. Then charge 50-60% of that. We operate in areas where this price is ~$1,000 and charge around $600 per bed.

#2 Be Aware of Local Rules & Regulations

You need to abide by the same local property codes that any other housing providers need to follow. If there are any restrictive laws that prohibit “Unrelated Occupants”, these can and have been challenged by Federal laws that prohibit discrimination in housing. Check out the OXFORD HOMES for example, OUR FOUNDER has dealt with this many times, and you can listen to Merline’s short run in with Code Compliance HERE. Once the Fair Housing Act was brought up they were quick to leave. However, you do need to know how many tenants per square feet are allowed and things of that nature. You don’t want to be operating out of a home with small bedrooms, then find out you can’t house 2 people in that room. Check out THIS ARTICLE HERE for more details on that.

#3 Marketing

Now, why is this before the next step you may ask? Think about it: do you want to put a down payment or deposit down on a home, then scramble to find tenants before the first payment is due in 30 days? You might have the resources and time to do this, but many of our members do not! So the first step before acquiring the property for most people is to start marketing. Build a contact list using the keywords taught in OUR FREE 10-PART COURSE of organizations serving the population in need of this type of housing and start reaching out to them.

OUR FREE 10-PART COURSE will provide marketing material and scripts, but essentially you just need to find people looking for housing. The tenants will be on either assistance for their housing, or these organizations will be paying you directly. We recently had a client call us frantic! She needed a home! Why? Because she followed our marketing steps and she had caseworkers checking in with her every week! “Hey, we still have about 10 people that need housing, have you found your home yet?” This is a great problem to have and when you’re in this position, you will be much more motivated AND confident to move on to the next step.

#4 Finding a Home

You don’t need a large commercial property or building or anything like that. We operate in residential homes/neighborhoods, and the majority of our members do the same. You do not need to own the home. We have many members get started with little money by renting, acquiring properties with creative strategies that we teach in OUR FREE 10-PART COURSE, just like JAMIE DID, or partnering with Real Estate Investors if they have ZERO to start (Email me for a FREE SCRIPT YOU CAN USE). Look for as many bedrooms as possible. We will typically look for 4-5 bedroom homes that have convertible garages. Your acquisition cost will not directly correlate with the amount of bedrooms the home has. For example, if a 3 bedroom might rent for $1800, a 4 bedroom in the same neighborhood is not going to be $2400. It will typically be around the same price of the 3 bedroom. Your REVENUE will directly correlate though! If you were charging $600 per bed, your revenue per bedroom would be $1200. In a 3 bedroom home your revenue will be $3600, 4 bedroom it’s $4800, 4 bedroom with a converted garage it’s going to be $6,000! See the power of this business model yet??

#5 Getting the Home Set Up

This step is actually pretty simple. You don’t need a bunch of medical equipment because remember, you are outsourcing any care that requires a license. You just need beds and furniture. It doesn’t need to be fancy at all! In fact, we don’t even recommend high end stuff unless you are targeting high end customers. If you’re on a tight budget, like many of our members are, you can use “crowdfunding” through Facebook, or even through more creative strategies like THIS MEMBER did. OUR FREE 10-PART COURSE will come with full shopping and grocery lists and you can check out one of our homes HERE.

#6 Simple Systems to Put in Place

If you follow the simple systems that OUR FREE 10-PART COURSE teaches, your “role” as the operational manager will be very similar to property management without the typical stresses. Use the “How to Get Paid Guide” to get set up for guaranteed payments every month. Set the tone from the very beginning and let tenants know what will happen if they don’t follow the rules. Avoid the eviction process with our License Agreement. Your House Supervisor will be the eyes and ears on the ground. When or founder was full steam ahead, each operational manager oversaw FIFTEEN HOMES. This was a full time job for sure, but check out the next step.

#7 Create Your Lifestyle

Refer back to steps #1 and #6. Let’s do some math to really see the power of this business model. Let’s say you have a 4 bedroom generating $4,800 in revenue. Remember we will convert to more bedrooms, but we’ll keep it simple for the example. Say you spend 50% on expenses (bills, rent/mortgage etc). Your NET is now $2,400. Now go head to biggerpockets.com, take a look at all of the investors that post their success stories about cash flowing $200 per month and have a giggle. Now remember #6, an operational manager can handle FIFTEEN HOMES at full capacity! That’s hustling though! Even with the systems, you’re going to have maintenance calls, tenant inquiries, showing the property, getting rooms ready, shopping for supplies etc. etc. The day to day activities can definitely add up and this can become a full time job. But let’s do some math.

You’re netting $2,400 Per Property Per Month
On Fifteen Homes that is $36,000
We already factored expenses! Is that per year?? NOPE! PER MONTH!
Annualized, that comes out to $432,000
So FOR SURE it’s a lot of work, 50 hours plus sometimes, but think about it…does that give you enough to replace yourself?
A high paid Property Manager makes around $75,000 per year. Do you think you could find someone like that to handle the day to day activities? What do you do with the leftover income? What do you do with your time?

WHATEVER YOU WANT

If you want to scale even bigger you can. Check out the Business Plan that Andy used to do just this in OUR FREE 10-PART COURSE Important Document Section. Now you can see why Andy had the time to put together all of this material, run his other businesses, invest in Real Estate, and go on vacation whenever he wants. And the best part…

He’s Helped THOUSANDS of people in need!! These are the real “Riches” we talk about!

It’s not Rocket Science and you can do the same thing!

1 Group Home Owner. 1 County. Over 135 Million for housing.

Hope your Friday is going great….We are all going into the weekend. Some of us full of excitement, some of us full of regret.

If you fall into the 2nd category, take a look at the photo in the image above. Why? This is the amount of funds going toward housing in 1 (yes 1) County.

ALMOST $200,000,000

In case you need that write out, it is 200 MILLION.
That is EACH AND EVERY YEAR!

Most of our FREE 10-PART COURSE students come to us with the dream of being able to make $3,000 to $5,000 per month with consistency. Many on the east and west coasts need to make a bit more, but by and large most of our FREE 10-PART COURSE students just want to replace their income from their job, get taxed at a lower rate and not have to battle traffic every day while at the same time helping others in their community.

We teach people how to do this, STEP BY STEP
& how to get the money!

We show them that you DO NOT NEED A LICENSE!

And we show them how to automate the entire business so they can get back to spending time with their families and those most important to them.

There is SO MUCH MONEY flooding into this space it is incredible.

Our government NEEDS YOU!

But if you don’t know how to get in touch with the government, you are toast. And that is WHY YOU NEED THE FREE 10-PART COURSE!

Think you need money to start a group home?

Guess What? YOU DO NOT!

We have been doing this over 20 years and that is why I put together the FREE 10-PART COURSE.

Let us SHOW YOU STEP BY STEP how to help others while simultaneously helping yourself!

Why Would a Landlord Want to Work with a Group Home Owner?

This is one of the very first questions you need to ask yourself…even if you have the funds to purchase a home outright or already have one to operate out of.

Why??

Because you need to know the advantages of operating a Group Home compared to operating a rental property.

Also, if you can’t answer this question yourself…

HOW DO YOU EXPECT TO GET A LANDLORD TO WORK WITH YOU!!!???
Put yourself in their shoes….landlords are not all rich. They weren’t given those properties. The rent money you pay them does not just ALL go into their pocket. They spent a ton of time researching how to invest in real estate…just like you’re doing with Group Homes…but they pulled the trigger!

They may have spent THOUSANDS in fixing up a property, they took out a high interest loan to buy it and pay for the construction, they managed the contractors, they marketed the property, sold it, got tenants in their, handled all the maintenance calls, and did the maintenance themselves sometimes…and if it’s a GREAT deal, they are bringing in $200 – $300 per month after all expenses. Again…this is a good deal. But then guess what??

That tenant lost their job, or got sick, or went through a divorce, or needed to move unexpectedly, they skipped town or even worse…they just squatted in the property. Now they have to go through the eviction process that will take anywhere from 30 – 90 days. This takes time, money and energy…all while paying for the home and NOT GETTING PAID.

When they hear you say “Group Home” they imagine this scenario with 10 UNQUALIFIED PEOPLE.

It’s up to you to educate them on why if they partner with you they’ll get guaranteed payments every month, avoid the eviction process, and instead of cash flow a measly couple hundred bucks every “good” month, you’ll cashflow a couple THOUSAND “every” month.

Group Homes, and if you study OUR FREE 10-PART COURSE, more importantly

YOU

Are the solution to the problems that EVERY landlord out there has. They just don’t know it yet.

If someone were to GIVE you a property RIGHT NOW free for 30 days before the rent or mortgage were due do you know the systems to put in place to….

Get guaranteed payments?
Avoid the eviction process?
Get the home set up?
Find organizations that will ring your phone off the hook for referrals?
Manage the tenants properly?
Market properly?
FIND THE TENANTS?????

..in order to have the revenue to pay your first home bill?

If not…

THEN START NOW!!!

Why Would a Landlord Want to Work With You If You Have a Group Home?

Create a Business You Can Feel Good About with a Group Home

How Do Tenants at a Group Home Pay?

We write a lot about the amount of money that is out there from the government to pay for various segments of the populations’ housing.

One of the highest value items in OUR FREE 10-PART COURSE is showing you how to find it!

We’ll get into that but first check out this highlight from the article above:

“Seattle is under siege. Over the past five years, the Emerald City has seen an explosion of homelessness, crime, and addiction. In its 2017 point-in-time count of the homeless, King County social-services agency All Home found 11,643 people sleeping in tents, cars, and emergency shelters.

At the same time the Seattle metro area spends more than $1 billion fighting homelessness every year. That’s nearly $100,000 for every homeless man, woman, and child in King County, yet the crisis seems only to have deepened, with more addiction, more crime, and more tent encampments in residential neighborhoods. By any measure, the city’s efforts are not working.”

With the amount of money being spent, it is ASTOUNDING that there are STILL homeless people in any city, but the government is awful at marketing these programs. They need people like yourself who are going to go out and get it! And most importantly, help those out who are in need!

There are a TON of Nonprofits and Organizations out there that this money goes to. You need to find them!

Guess what happens when you do?? It’s not a hard sell…they will be ringing your phone off the hook! They NEED to get these people in housing or guess what?

NO MORE GOVERNMENT PIE FOR THEM!

One of the many how to videos included in OUR FREE 10-PART COURSE is the “How to build a contact” list where we show you the keywords you can use to find these organizations, then how to build an email marketing campaign with the ability to send up to TWO THOUSAND EMAILS with a click of a button!

Want a list of keywords FOR FREE?? EMAIL ME NOW!!!

Really all you need are a couple of solid referral sources and a home and you could be up and running at full capacity in the next 30 – 60 days but think of it…

If I gave you a home RIGHT NOW, furnished, ready to go, free and clear for the first month….would you know what to do in order to be operating smoothly and generating enough revenue to cover the first payment due in 30 days???

This is where we come in 🙂

We’ll also cover how to get a home with little to NO MONEY!

Zoning Restrictions and Your Group Home

 Your Group Home HAS TO BE a licensed facility right? WRONG. 

You definitely CAN become a licensed Group Home…and there are many advantages and disadvantages to both business models.

We’ve been in group home business for almost 20 years, his homes are not licensed facilities, and we don’t employ any nurses or anything like that. The main reason for going this route is that becoming licensed can be extremely costly, time consuming, and CONFUSING!

“HOW DOES THAT WORK??? The lady at the county told me I need to fill out all this paperwork and take all these classes???”

This is a typical response.

You need to follow all local rules and regulations that are applied to ALL HOUSING PROVIDERS. They are going to regulate everything down to how high your grass can grow in most municipalities but they can’t deploy specific regulations to specific groups of people…like group home owners, veterans, transitioning homeless or ex-prisoners, seniors, people trying to get sober, etc. etc. This is in direct violation of THE FEDERAL FAIR HOUSING ACT as the “Understanding the Business Model” and the “Fair Housing” section in OUR FREE 10 PART COURSE.

What are some examples of rules and regulations applied to EVERYONE that can affect your business?

 Check out THIS ARTICLE that breaks this down.

Another, is that some areas have maximum occupancy laws. Not all of them but some…particularly “college” towns. They will limit the amount of “unrelated occupants” living in one home. Typically, in areas that DO do this, the number is 6…but some cities, like Tempe, AZ are VERY restrictive and limit this to 3.

That sounds super restrictive right?

In fact, many Group Homes have been able to challenge these types of laws for discrimination and WON.

Here at Group Home Riches we talk a lot about why people like yourself are needed.

Let’s hear why you need to start a Group Home from Veterans themselves!

From the article above:

How does McDonald’s make their money?

And How Does Their Strategy Apply to Your Group Home??

Is the majority of their revenue from Hamburgers, fries, milkshakes…does the majority of their profits come from Happy Meals?

McDonald’s does not make their money from Burgers…or anything food related.

They flip REAL ESTATE (bricks) not BURGERS!!! Think of yourself as a being in Real Estate, not just a Group Home, and you can create long term wealth for yourself and family!

Think about it….what’s one of the first symbols that you see after pretty much every exit in the country? Do you ever see a McDonald’s in the middle of nowhere? No…their restaurants are in prime Real Estate location and they OWN the land and buildings! Most Restaurants do not OWN the building they operate out of, they typically just LEASE the space from commercial property owners.

McDonald’s owns the building/land and THEN LEASES the building to their “Franchisees” . This is how the actual McDonald’s corporation makes most of their profits! They are NOT in the food business!

With the Group Home Business you can benefit from all of the advantages of Real Estate investment while SIMULTANEOUSLY operating a cash cow that helps out your community!

You can get started and have your first home up and running in the next 30 – 60 days no matter what your situation is or where you’re located!

But you need to know how to find a home, how to negotiate with landlords/potential investors, how to find tenants, how to get paid, how to contract your tenants correctly, how to get your mindset right, and how to run a business! This is where are FREE 10 PART COURSE comes in!