Understanding Group Homes for the Elderly—What to Know

If you have an elderly loved one and no one in the family can provide the care they need, you could think about sending them to a group home. Also known as a residential care home, boarding home, or adult foster home, a group home can look after aging adults with physical, mental, and intellectual conditions accordingly.

Group homes have been around for a long time, with a mission to provide a certain extent of independence to the elderly while fulfilling their basic and personal needs at the same time. It’s an excellent idea to start a group home business because it provides a cheaper alternative to assisted living.

While it still highlights living in a community and offers personalized care to meet the needs of the elderly, a group home provides distinct advantages that set it apart from other nursing homes. Keep reading below to learn more about the homes and what makes them different.

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What Is a Group Home?

As adults grow older, not everyone has the luxury to continue living in their homes on their own because they require assistance from others if they wish to remain comfortable. A group home is similar to other assisted living centers and nursing homes, but there are still differences.

Depending on the state, the requirements vary for group homes. However, generally speaking, they are a residential facility that can house several people that can reach up to twenty people. They offer a homey vibe, although larger group homes can sometimes be more institutional.

For plenty of states, group homes operate the same as other assisted living places. For other areas, their policies are more relaxed. Most of the time, group homes cater to private bedrooms, but their bathrooms are often shared, and their meals take place in a communal setting.

Individuals interested in owning a group home startup can choose to live on the property or stay in a different location, along with owning other homes as well. In some cases, states can permit owners of residential care homes to manage them legally, even without a license. 

What Seniors Can Expect from a Group Home

The kind of care the elderly can expect to receive once they sign up into a group home will depend on the organization and the community they choose, and the state they reside in. Every state offers distinct rules and regulations, and they will propose the type of senior care involved.

As much as possible, aging adults shouldn’t expect to acquire the same care that assisted living communities and nursing homes provide when they enter into group homes. Fortunately, they can look forward to receiving around-the-clock supervision, housekeeping and laundry, and complete meals and activities.

Group homes will also provide transportation each time seniors have scheduled appointments with their doctor, set reminders for taking medication, and often assist with personal care. Other homes can cater to house call services and have a physician or nurse visit the group home to provide medical attention to aging adults.

Unfortunately, there won’t always be a healthcare provider within the property supervising the elderly at all times. If a senior will always require help regarding their toileting and transferring, they may require a higher level of care than what a group home can provide.

Conclusion

Starting a group home for veterans and seniors is a great way to assist your community and watch over those in need. It’s different from nursing homes and other assisted living centers because of the solutions they provide. If you wish to open up a group home, you must learn to adhere to your state’s guidelines and understand what you’re signing up for before pushing through with your plans.

Are you looking for advice on running a group home successfully? Group Home Riches provides valuable resources on group homes and earning profit through serving people in need. We offer a wide array of content and a course on starting your own group home. Get in touch with us today to enroll in our program!

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3 Main Goals to Consider Adapting When Opening a Group Home

Every group home startup should be founded on the right goals and objectives to gather like-minded people and work towards building up each other’s success stories. After all, the environment is meant to help disadvantaged individuals find their place in the world. You also get to earn money as you assist others. For your guidance, consider the following ideals most established group homes have and see if any of them apply to your context:

  • Provides a sanctuary for different walks of life

When we hear about sanctuaries, we often associate them with a retreat house or a vacation spot. While some of these qualities can be seen in a group house since it is a place of rest, it is more than just a relaxation area. Remember, group homes cater to vulnerable members of the community, like family abuse victims, rape victims, and children from impoverished households.

As such, what you want to highlight with your group home is it’s a safe environment for persons who may have encountered the same challenges but still come from various backgrounds. It can be an open opportunity to confide in others, feel more comfortable around different people, and even release some of the traumatic emotions associated with their past living situation or experience. 

  • Empowers others to be independent and open to asking for help

Striking a balance between being self-assured and opening yourself up to others for help may sound like something fairly easy to do. However, most of your group home housemates may have a harder time with this because of what they experienced, especially when there is still associated trauma and anxiety. Thus, it’s important to get them started with household chores.

For instance, you can have a group house schedule for chores divided into groups. This way, you can encourage them to accomplish tasks for the betterment of their housemates and themselves as well. It can open doors for camaraderie, but you may have to be present and request other staff to be there to break the ice when needed. You can also look into other activities, like outside games, storytelling sessions, and even skills-building workshops.

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  • Emphases good health and wellbeing in all aspects

Since your group home members mostly come from unhealthy, emotionally damaging backgrounds, your adherence to their wellness in all areas is of utmost importance. You may even have to request physicians to perform tests, including drug and STD tests. You may also need to conduct counseling and psychiatric assessments.

Fortunately, you can lift the burden off of medical professionals to the best of your abilities by promoting healthy habits, like eating a balanced diet, exercising daily, and having a good night’s rest. Doing this will enable you to better equip your group house benefactors to become restored more quickly and become productive members of society.

Conclusion

Successfully running a group home means being committed to fulfilling and doable goals. Fortunately, you now have better insights to guide you through the process of developing your own objectives to ground your cause in well-established values. Just be open to other approaches, determine which works best for you, and get started!

Do you need useful, reliable group home startup information to guide your plans? Check out our resources at Group Home Riches. We have free blog content and a 10-part course about how to start a group home. With our help, you can succeed in being an active changemaker in your community as you embody your values and ideals. Start planning today!

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How to Open a Group Home Business: A Business Plan for a Nursing Home

People are getting old and there is no getting away from it. At the same time, not everyone is fortunate to have such relatives with whom it is easy to go through this period. Many elderly people do not get enough care from loved ones. In such a circumstance, the best choice would be to relocate to a specialized group home, where experts can provide the proper care that seniors need so badly. Given the current situation, many novice businessmen are thinking about opening their own group home business TX. This can be a great option for making money, but it will take a lot of investment. 

Before making a decision to invest in such a company, it is useful to establish a detailed business plan. This will enable you to accurately calculate and calculate whether the available amount is enough to open a nursing home. It is important to note that the organization of this company will require serious investments, but they should be profitable.

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Room Selection

Elderly people will definitely approve if there is a fine view from their window. A group home is not just a temporary hotel, much less a shelter. People will live there for more than one year, so it is required to make comfort and silence for them.

Choosing a house in an ecologically clean area must be taken into account that the building must be multi-room. Each guest should have a separate room.

The dining room in a group home needs to be comfortable. Old people need to be provided with standard meals three times a day. For many, you should establish a special menu, taking into account the diet.

Group Home Staff

This is a very essential part of the work that needs to be taken into consideration because it depends on the type of people who will be working in group homes. 

There are specific requirements for staff to work with the elderly. Here are important qualities such as honesty, patience, goodwill, conviviality, sensitivity, attention, and love for their work. Group home training should be a major factor in selecting employees. For example, chefs should have knowledge of how to prepare diet meals, and it is preferable to choose some of the nurses with psychological education.

Documents and Advertising

Getting your promotional activities right is very important. You can’t succeed unless you get the attention of the customers. It is preferable to use the media and the worldwide network to do so. You can set up your own website where all visitors can learn more about the advantages of your particular facility.

Conclusion

A group home business TX for seniors is a truly necessary and helpful business for our country. By organizing such an institution, you will not only make life easier for the elderly and their families but also be able to receive a stable high income.

Unfortunately, the aging of the population is a difficult process, and the situation will not change in the next couple of decades, but there can be benefits from this, and opening a nursing home is one of them. Contact us now on a winning Group Home strategy.

 

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From Rock Star to Group Home Owner: Steven Tyler of Aerosmith Opens “Janie’s House”

Become a Rock Star Group Home Owner TODAY!

Steven Tyler of Aerosmith Opens Group Home in Memphis

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Rock star Steven Tyler is known for being the frontman of Aerosmith, but he’s now focusing on a new, non-musical project: A home for girls who’ve been neglected or abused. Tyler opened “Janie’s House” just outside of Memphis on Monday. He attended a “scarf-cutting” dedication for the house which he helped renovate, CBS Memphis station WREG reports.
Janie’s House is located at Youth Villages in Bartlett, Tennessee. Youth Villages is an organization that provides support for families with emotional, mental and behavioral problems.
The house is named after Aerosmith’s 1989 hit song “Janie’s Got a Gun,” which is about a girl who sought revenge on her abusive father, Tyler said in a video for Youth Villages. Tyler contributed about $500,000 to the charity, which helped open the second Janie’s Home location, CBS Memphis reports.

“This does my heart and my soul good. This is real,” Tyler said at the ceremony on Monday. 

You too can become a rock star group home owner, becoming your own boss, making great money, and…MOST IMPORTANTLY…helping out people in your community who are in need!
Whether you want to open a similar shelter for women, a transitional home for homeless people, a veterans home….or just a general, affordable Group Home for people in need….YOU CAME TO THE RIGHT PLACE! Get started today by signing up for our free Group Home training below!

You can learn on your own by doing research online and reading our free blog. CLICK HERE to take the fast track and check out all of our products HERE.

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Make An Extra $15K Per Year With 2% Cash Back Credit Cards At Your Care Home or Group Home. Learn How!

WANT TO MAKE AN EXTRA $15,000 WITH YOUR GROUP HOME?

USE 2% CASH BACK CREDIT CARDS

                    (2% Cash Back Credit Cards For Your Group Home Business)

I talk about this a lot in my GOLD COURSE. There are MILLIONS OF REASONS to start your own business. When I tell people this, I always have a little smile on my face.

Why?

MY GOAL IS TO SEE THEIR REACTION. THE SMART ONE’S KNOW THAT “MILLIONS” is another way of me telling them DOLLARS 🙂

OK, let’s get to the CRUX of this email. Truthfully, you don’t need to make $85,000 per month in passive income.

It’s more than 99.999% of my subscribers need to make in order to live a VERY VERY NICE LIFE.

For most people, just an extra $15,000 per year would be a nice supplemental income source.

Today, I want to SHOW YOU HOW TO MAKE AN EXTRA $15,000 PER YEAR simply running your business. I am not talking about PROFIT. I AM NOT TALKING ABOUT REVENUE. I AM NOT TALKING ABOUT CUTTING EXPENSES.

THEN WHAT ARE YOU TALKING ABOUT ANDY?

2% CASH-BACK CREDIT CARDS

When I wrote you yesterday, I mentioned that you need to automate. One of the ways of doing this is by putting everything on your credit card and paying it off monthly. The beauty of the GROUP HOME BUSINESS – LIKE I TEACH IN MY GOLD COURSE – Is that there is no inventory and no AR’s. What that means is that your business is a literal ATM.

MONEY COMES INTO YOUR ACCOUNT EACH AND EVERY MONTH. It doesn’t get eaten up with delayed receipts or in stuff you need to buy to manufacture a product.

YOU DON’T REALLY HAVE A BALANCE SHEET IN THIS BUSINESS. IT IS 100% P&L.

BACK TO 2% CASH – BACK CREDIT CARDS

So far this year, I have probably cashed out $8,000 or so. I am telling you, these 2% CASH BACK CREDIT CARDS ARE AMAZING.

The year isn’t even 1/2 way over. I am going to login shortly to just 1 credit card and take a screen shot for you guys. There is probably $3,000 – $4,000 of FREE CASH just sitting there. Fortunately, I do not need it. But guess what? It sure is nice.

I typically use this money to pay for vacations. My vacations are usually pretty extravagant. No, I don’t rent yachts in the Mediterranean or Sardinia with Tom Barrack or J – Z. But they are nice. Ritz Carlton, 4 Seasons, The Biltmore, The Belmond type of nice. $1,000 + per night. Honestly, it is quite enjoyable.

But the greatest part about it, is that they are essentially free. The primary difference is that I don’t pay for normal everyday business expenses with a check. We pay for them with 2% CASH BACK CREDIT CARDS LIKE I TEACH IN MY GOLD COURSE.

You won’t get rich this way. You just get to LIVE RICH.

This is an untapped MONSTER that not many people talk about or know about. Granted, if you have a cash tight business where you DO HAVE inventory and AR’s this game wont work. In fact, it will eat you alive. Capital One, Chase etc. know this. They’ll hammer you at 18% or more interest. But if you run your business the way I instruct – you can kill it. And kill them in the process.

In fact, this is something that popped up in the DODD FRANK act back in the day in the name of CONSUMER PROTECTION. They basically now need to tell you your rate etc – but they also give you the ability to get them on 2% Cash Back or even more if you use other cards (5% cash back for office supplies, 3% for gas etc)

If you learned something from today’s lesson – just remember: THIS IS JUST 1 LITTLE TRICK AND TECHNIQUE that I teach my GOLD COURSE Clients.
If you want another 1000+ techniques that will take you from ZERO TO HERO and help put money in your bank account and make you a community success story, then CHECK OUT MY GOLD COURSE
AT A BARE MINIMUM – Make sure you sign up for my free, 10-part series on how to create wealth with group homes

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PS – I just checked. I have over 4K in cash back money. I have paid ZERO interest all year! The card gets paid monthly and each time i get 2% back.

LEARN THIS SYSTEM AND MORE TECHNIQUES ON YOUR GROUP HOME ROAD TO SUCCESS AND WEALTH IN MY
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DISABLED VETERAN HOUSING GRANTS – HOW TO MAKE MONEY

ARE YOU LOOKING TO MAKE MONEY WITH GRANTS FOR VETERAN HOUSING FOR DISABLED?

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but lately, many of you have been asking for more info….so here is some free cheese for you……

Homeless Providers Grant and Per Diem (GPD) Program (Learning how to grants for veteran housing for disabled)
State, local and tribal governments and nonprofits receive capital grants and per diem payments to develop and operate transitional housing and/or service centers for Veterans who are homeless.
How It Works

VA funds an estimated 600 agencies that provide over 14,500 beds for eligible Veterans. Grantees work closely with an assigned liaison from the local VAMC. The VA GPD liaison monitors the services the grantees offer to Veterans and provides direct assistance to them.

Typically, the maximum stay in housing is up to 24 months, with the goal of moving Veterans into permanent housing eventually (Just remember, YOU ARE THE HOUSING). So opting for grants for veteran housing for disabled can be a good idea befitting many of you!

WHO DO YOU PROVIDE HOUSING FOR?

The targeted population is chronically homeless Veterans who suffer from mental-health or substance-use problems, or who struggle with maintaining sobriety; and Veterans with multiple treatment failures who may have never received treatment services, or may have been unsuccessful in traditional housing programs. These grants for veteran housing for disabled may have not yet fully committed to sobriety and treatment.

HOW MUCH DOES IT PAY?


$45.79 PER DAY PER VET. YES, YOU READ THAT CORRECTLY. $45.79 PER DAY. 10 BEDS = $457.90 PER DAY! HOW MUCH IS THAT OVER 1 MONTH? 

THINK YOU CAN MAKE ANY MONEY WITH GRANTS FOR VETERAN HOUSING??

HOW DO I GET STARTED?

I hate to break it to you guys and gals, but you are going to need to make an INVESTMENT. An INVESTMENT IN TIME AND MONEY. First, start by getting my FREE 10-PART COURSE.

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 and start learning. If you want to waste time trying to learn this stuff on your own, by all means. But you will spend 100’s of hours and make no money – versus just GETTING IT FOR FREE
In the interim – IF YOU ARE IN ATLANTA – get on the phone and start calling the following contacts and begin networking! 
SALVATION ARMY
275 Pryor Street SW, Atlanta, GA 30303
1000 Center Place, Norcross, GA 30093
 

Want to get on the phone and actually speak with the head of the Homeless Providers Grant for entailing your requisites with the grants for veteran housing and Per Diem Program? Call Jeff Quarles at 1-877-332-0334DON’T KNOW WHAT TO ASK HIM OR WHAT TO SAY?

Then, chances are you need TO SIGN UP AND START LEARNING! 

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WANT TO GET STARTED APPLYING FOR GRANTS FOR VETERAN HOUSING TO HELP DISABLED VETS?

1. Go to www.sam.gov

2. Create a Personal Account and Login

3. Click “Register New Entity” under “Manage Entity” on your “My SAM” page

4. Select your type of Entity

5. Select “No” to “Do you wish to bid on contracts?”

6. Select “Yes” to “Do you want to be eligible for the grants for veteran housing and other federal assistance?”

7. Complete “Core Data”, Validate your DUNS information, Enter Business Information (TIN, etc.) , Enter CAGE code if you have one. If not, one will be assigned to you after your registration is completed. Foreign registrants must enter NCAGE code., Enter General Information (business types, organization structure, etc) Financial Information (Electronic Funds Transfer (EFT )Information), Executive Compensation, Proceedings Details. Indeed, that complies to the functionalities to qualify for the grants for veteran housing!

8. Complete “Points of Contact”

9. Your entity registration will become active after 3-5 days when the IRS validates your TIN information

What’s in it for you to run one of these homes? Why wouldn’t you just provide housing to a traditional renter? Watch this video to see the amazing outcome this business model will have on your community AND your wallet:

Why A $200,000,000 REAL ESTATE PORTFOLIO SOUNDS BETTER THAN IT ACTUALLY IS – Low Cap Rates Are Killers

Learn why a $200,000,000 (Two Hundred Million) Real Estate Portfolio MAY (MAY) sound better than it actually is. HINT: CAP RATES ARE EXTREMELY IMPORTANT. IF YOU ARE BUYING 4 CAP RATES YOU MAY WANT TO READ THIS!

Everyone loves to brag. The guys in the local business journals. The guys in the Wall Street Journal. The guys on YOUTUBE. What do they say?

“I have a 200 Million real estate portfolio”

To the average neophyte, this sounds impressive. And it very well maybe. Especially if it was purchased during the previous recession – or possibly you are an OLD SCHOOL Billionaire like Donald Sterling with tens of thousands of units. Someone in either of those positions is DEFINITELY in a position to brag.

BUT WHAT ABOUT THE GUY THAT STARTED BUYING IN 2014 and brags about his 200 MILLION PORTFOLIO?

Lets consider the facts:

Cap Rates in most tier 1 and even popular tier 2 markets around high 4 cap rates or maybe low 5’s. Of course, everyone thinks that they are buying an 8…..until the numbers actually present themselves in the lack of distributions.

So here is some quick math:

  • $200,000,000 Million of real estate that was purchased on CAP RATES of 5% will yield a net operating income of $10,000,000 per year. 
  • Assuming an all debt transaction (No Equity) the annual (P&I) payments assuming a 4% Interest Rate over 30 years are $11.457,967.09
  • At the end of 12 months, you have lost $1,457,967.09

YOU READ THAT CORRECTLY

THE GUY BRAGGING ABOUT HIS $200,000,000 REAL ESTATE PORTFOLIO IS LOSING MONEY because he is buying stuff like this (and these advertised cap rates are way higher than actual)

http://www.loopnet.com/Listing/533-Evergreen-St-Inglewood-CA/11386063/

Can he make this up by selling if the property value goes to $250,000,000? Yes! But from a pure cashflow standpoint, it is risky.

Interested In Learning How To Make 100% Returns On Your Money? Get My Free, 10-Part Course

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LETS TAKE THE RISK OUT OF THE CAP RATES AND INCREASE THEM A BIT. LETS ALSO PUT SOME EQUITY INTO THE TRANSACTION. 

OK, now lets assume that the 200M of real estate was bought on an average of 5.5 – basically cap rates that avg out to 5.5%. Lets also assume that the owner (owners) injected 20% equity into the project:

TOTAL DEBT: $160,000,000

Interest Rate: 4%

Cap Rates: 5.5%

NET OPERATING INCOME: $11,000,000

Monthly P&I payments: $763,864.47

Annual P&I Payment: $9,166,373.67

NET INCOME BEFORE DEPRECIATION ETC = $1,833,626

Look, this is BIG MONEY. And the guy pulled off about a 9.1% CASH ON CASH RETURN on his money when he bought the portfolio with a blended avg. of 5.5% CAP RATES…..

BUT HOW MANY PEOPLE ACTUALLY HAVE $20,000,000 to put down?

If they raised $20,000,000 what guaranteed return would they need to offer their investors? And what % of the deal would they get for themselves?

Obviously, people have gotten tremendously wealth with this formula. But for the avg individual, this is very HARD to pull off. Assuming no appreciation and assuming an 8% pref, there is roughly $18,336 left for the GP’s to divvy up with their LP’s…..hardly a feast for anyone – unless you live in Venezuela!

I show people a very simple formula that I have used to create monthly passive income. You won’t become a millionaire overnight. And quite frankly, this is not a formula for someone that already has 7 figures saved up. This is the exact formula that I used to retire by first creating a $3,000 passive income stream and then repeating the process 10X over. Just 2 little properties can get you to $6,000 per month which is enough for most people to live comfortably on…..ESPECIALLY IF THEY DONT HAVE TO WORK FOR IT!

Sign up today for my free 10-part wealth building course. You Will Be Glad You Did

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Group Homes Are Not Get Rich Quick. Group Homes Are Get Rich For Sure. But What About The Economy?

This Blog post will discuss the overall economy and the impact on Group Homes. Quick Tip: The Economy Doesn’t Matter when you own and operate Group Homes Like I Teach….However, If you own the real estate where your Group Home operates – interest rates and the economy may impact your overall wealth…..continue reading to learn why CASH FLOW is the name of the game in the Group Home Business

 

Where Are We in this 2018 business cycle? 

Honestly, I don’t know. Quite frankly, if you are running and operating group homes, it really does not matter. The care home, assisted living, sober home, retirement home and other group home type industries literally will not be affected by a downturn in the economy unless the USA turns into Venezuala.

Why?

Because the trend is your friend. Demographics are destiny in today’s assisted living and group home world. Whether you live in Atlanta, Dallas, Los Angeles, Nashville or Miami people are retiring, people are abusing substances and all these people need group homes and care homes where they can live CHEAPLY. Yes, $400 – $800 per month. They will continue paying whether or not the stock market falls. This is what I teach in my free, 10-part course

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how to start a group home
group home business cycle

BUT WHAT IF I OWN MY REAL ESTATE AND MY WEALTH IS STORED IN REAL ESTATE?

Ok, great question. Look, I am not running a hedge fund or a PE Fund. I am a main street guy off wall street that shows individuals LIKE YOU how to do what I have done. That said, here are my thoughts:

In the later part of the business cycle when the demand from businesses and consumers is picking up at a fast clip – basically faster than businesses have the ability to produce the goods and services wanted or needed prices begin to climb.

EXAMPLE: Housing in a supply constrained area like Northern Ca. Consumers (i.e. tech workers) are making lots of money and builders cannot produce more houses due to land scarcity, lack of labor, material shortages and of course Government Bureaucracy. 

During phases like this, the profits become tremendous for builders or others that are producing what the end consumer wants. At that point, the government and the Fed will often get involved to slow down the increase in prices. They do this by increasing interest rates. In fed parlance, this is referred to as Monetary Tightening. This is the opposite of what we say during QE 1, QE2, QE 3 etc. When this happens, the stock values go down as do the value of other assets like real estate and entire businesses.

Remember, ALL ASSETS ARE PRICED AS THE PRESENT VALUE OF THEIR FUTURE CASH FLOWS AND INTEREST RATES ARE USED AS THE DISCOUNT RATE TO COMPUTE THESE CURRENT VALUES. 

In the last few weeks, Mr. Market has been teaching those who listen how this works. The economy (from the stats we are provided from the GOVT.) is apparently pretty darn good. So the fed comes in and says, OK, time to lift rates or TIGHTEN. Notice how the stock market has gone down a bit….. Eventually this will cause a downtrend in prices and eventually demand will fall which leads to the next phase:

DEMAND WILL BE SIGNIFICANTLY BELOW THE ABILITY TO PRODUCE (THE OPPOSITE OF THE EXAMPLE GIVEN ABOVE RE: NORTHERN CA. REAL ESTATE) 

EXAMPLE: How much can you afford per month if interest rates are 3% VS. 6%?

A million dollar home (give or take) would cost you $3,000 per month VS. $6,000 per month.

THIS IS WHY DEMAND FALLS WHEN INTEREST RATES RISE

At this point, the cycle would start all over again and the Fed would begin reducing rates making assets more affordable again.

This is why it is smart to pick up assets when the economy is weak. In essence, there is excess capacity on the end of the asset owners (think businesses, developers etc). Basically, they have employees to feed and not much demand so they lower prices. THAT IS WHEN YOU WANT TO BUY!

WHY 2018 IS AN INTERESTING TIME

The above is a very simple illustration of how things work. The reality is a bit different for a number of reasons. Here are a few:

  1. Lower Taxes. You all just saw what happened with the tax bill. AT&T and other large companies are giving out bonuses. This is HUGE
  2. Monetary repatriation. Trillions of overseas capital could come back to the Unites States
  3. Interest Rates Are Already SUPER DAMN LOW! Central Banks cannot really lower rates at the moment due to how low they currently are

Obviously, if you hold your wealth in real estate, own a large group home business or other means of production now MAYBE a great time to sell. Especially if you are nearing retirement.

But my method for how to operate Group Homes, Care Homes and other Assisted Living type properties focuses on producing CASH FLOW. Each and every month, my goal is to produce MONSTER TIDAL WAVES of recurring income from these group homes. Do I own real estate? Yes, lots of it. But the cash flow that comes in from the group homes is what allows me to live and be free.

THE END SUMMARY:

Don’t worry too much about the overall economy and the value of your assets. Focus TODAY on getting your group home up and going or expanding your group home empire.

I teach people how to do this in my FREE, 10-Part Course. If you haven’t signed up, I urge you to do this today.

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One Mans Trash Foreclosure Is Another Mans Treasure

HOW TO BUY FORECLOSURES FOR PENNIES ON THE DOLLAR AND TURN THE FORECLOSURE INTO A MONTHLY OIL WELL THAT PRODUCES BIG PROFITS

I will buy 30 – 40 or so homes like this (buy foreclosures) in 2018. These houses may look like trash, but with a bit of knowledge you can turn them into TREASURE. Yes, foreclosures can be your GOLD

Let me give you an idea of what can be done with a foreclosed house like this and for what price you can pick up foreclosures for depending on your city

                              This foreclosed property was purchased for $28,000.

I will spend probably $10,000 on labor and another $5,000 – $10,000 on materials fixing it up. Rounded up, this house will cost me roughly $50,000 when it is all said and done. The final value? Probably $130,000 on the low  to $160,000 on the high. To me, it really doesnt matter. What matters is the income that it will generate.

 I WILL RENT IT TO MY GROUP HOME BUSINESS FOR $1,000 per month.

 

Market Rents would be about $1,200 / month

Buy Distressed Real Estate For Income
How to buy Distressed and foreclosed Real Estate For Income

Whether you want to use foreclosed houses like this for your group home or care home business, rent them out, sell them on terms or flip them for cash –

                                                  YOU HAVE A LOT OF OPTIONS. 

This website is dedicated to showing people like you how to set up and operate gr0up homes. One part of the wealth building formula that I teach is

 

                                            FINDING FORECLOSED PROPERTIES

like this, fixing them up and then holding onto them.

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Look, the houses dont even need to be foreclosures. They could be short sales or simply distressed property. Another secret is knowing WHERE to look. If you are in Los Angeles, chances are you are going to have a tough time finding foreclosures at the moment. The banks are holding onto them. So you need to look elsewhere. But once you find the location – AKA your farm area, you can find an ABUNDANCE of motivated sellers. Just remember, the window of opportunity usually doesnt last long. Heck, just look at Detroit!

In a nutshell, you need to learn how to market for these types of properties. After you learn how to find them, you need to learn how to fund them.

 

                                               After that comes the HARDEST PART.

                        Learning how to fix them without getting taken advantage of.

                                                   YES. THE CONSTRUCTION ASPECT

This is where most people lose their asses. The final part is EASY. Renting, Selling or Financing them out.

I have compiled all of this in my step by step system. Continue checking in on the Blog or simply sign up for my FREE, 10-Step GROUP HOME COURSE

 

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buy foreclosures and make money
Learn to Buy Foreclosures and turn them into income

Questions? Comments? LET ME KNOW YOUR THOUGHTS or sign up for my free 10-part course below

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Homeless Veteran Grant Per Diem Program

Homeless Vet Grant Per Diem
Homeless Vet Grant Per Diem

On a client consulting call yesterday, one of my students asked about grants. I explained to her that yes, Homeless Vet Grant Per Diem Grants were available, but the money flow looks like this:

FED GOVT—TO THE STATE GOVT—-TO LOCAL GOVT—TO LOCAL PROVIDERS

 

WHAT ARE LOCAL PROVIDERS?

Local providers are people like you!

They are also the local CANS (Community Action Networks) and other non profits that are responsible for administering the homeless veteran grant per diem program monies and other different grants. Once you begin building relationships with these local grant recipients and marketing your housing options to them, they will begin contacting you! Typically, they will look to help place people for the following reasons:

  • Bridge Housing: Emphasizes short stays, quick connection to permanent housing and necessary supportive services and benefits for homeless veterans that are in need of the grant per diem
  • Service-Intensive Transitional Housing: Emphasizes slightly longer stays paired with intensive services and supports to address a veteran’s barriers to achieving permanent housing; or
  • Transition-in-Place: This is more of a section 8 type program where the homeless veteran grant per diem program is essentially run through the section 8 VASH program office. It is a time limited transitional housing option where the veteran takes over the lease as their permanent housing.
HOW MUCH CAN I CHARGE PER NIGHT, WEEK OR MONTH WHEN HELPING HOMELESS VETERANS ON THE GRANT PER DIEM PROGRAM?

It runs the gamut, but by and large $18 – $46 night (FOR HOUSING ONLY). Remember, there are multiple “types” of grants within the homeless veteran space (Mentally Ill, chronically homeless etc) and all pay different amounts. Remember, the homeless veteran grant per diem program is just one of many funding options for you!

In my Gold Course, I outline the different niches that you can serve once you get into the group home industry. At the very beginning however (unless you already have an “in”) I recommend being a broad based provider for a variety of special needs communities. Don’t restrict yourself to homeless veterans only – open it up for all types of people. Eventually, as you begin building up your network of Doctors, nurses, case workers, social workers etc. your phone will begin ringing off the hook and you can begin setting up specific homes for specific needs – i.e. homeless vets struggling with substance abuse issues

WHO CAN I CONTACT TO LEARN MORE ABOUT THE Homeless Veteran GRANT PER DIEM PROGRAM?

I typically only help my Coaching Clients build out lists of names and numbers in their local community – but today I want to give out some more specific info. Because I do not know exactly where you live, the best place to start is at the VA Headquarters.

What you can do is reach out to the following list of people in DC and ask them whom to get in touch with in your local community.

Mr. Jeffery Quarles, Grant Per Diem Program Director: EMAIL: Jeffery.Quarles@va.gov 

Ms. Chelsea Watson, Deputy Director, VA GPO National Program Office:
EMAIL: Chelsea.Watson@va.gov

Ms. Lisa Pape, National Director, VHA Homeless Programs and now Chief of Staff(202) 761-7016 

Remember, when contacting these people, make sure you have your SCRIPT put together like I outline in my GOLD COURSE. You need to sound professional and know what you are talking about!

Hope this information is extremely beneficial for you!