Category: Uncategorized

6 Figures From a Group Home Business You Can Feel GOOD About

Posted on by brandon B

How 1 Woman Earns 6 Figures, Helps Her Community & Stays True to Her Faith With her Group Home

 

Group Homes where the owners do not have a license often get a bad rap in the news.


Typically, if you google any of those terms you’ll get a plethora of headlines about Group Home owners that leave their tenants in squalor, perform activities that require a license they don’t have, or just plain false advertise about their services.

THIS IS ILLEGAL AND YOU WILL DESERVEDLY BE SHUT DOWN IF YOU DO ANY OF THESE

BUT…….


Every once in a while, you’ll get an honest story that explains how the majority of Group Home owners operate. They are just honest, hard working folks running a business they can feel good about!

Below is an excerpt from one of these examples. The story is mostly written from the point of view of the tenants. We want to highlight Amy though, who is the owner.

She is not a FREE 10 PART COURSE member….that we know of….but she is doing exactly what we teach. In a nutshell, market to organizations that serve your target market (like LA Family Housing in this example), set your home up for roommates so it is affordable to your tenants and profitable for you, provide GREAT service, and collect a nice guaranteed check from those organizations like LA Family Housing, or the Government (SSI in this example).

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From the article:

“The home is owned and operated Amy Bacashihua, a woman who ran group homes for the elderly most of her life. She currently has ten tenants and beds at a base rate of $1,000 a month – but has a policy of leniency motivated by her Christian faith.

She’s giving the Valentinos a significant break on the rent. LA Family Housing are giving them supplementary assistance for a couple months until the couple can save money. She also accepts rent by way of Social Security or disability insurance.

A welcome sheet and mission statement for the home calls it a “collaborative housing program” and “a never-give-up experiment to reduce homelessness among a diverse group of people in the area who are unable to afford housing by themselves.”

Tenants do not sign a lease but must have some form of monthly income, stick to two to a room and “follow a set of rules, including doing chores and attending counseling sessions.” Bacashihua, who lives at the home, said she sometimes struggles to manage behavior issues related to substance abuse.

“I do it because I have hope that they can get out of this situation,” she said from outside the home Tuesday, suggesting the model is part of a growing network of shared low-income housing serving formerly homeless people.”


You can read the full article HERE, and to get started on YOUR path to a business you can feel good about, sign up for our FREE 10 PART COURSE! 

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Harvard/Yale Business School Grad Invests in Group Homes

Posted on by brandon B

The Next Big Trend in Business & How You Can be a Part of it With Group Homes

 

We were sent some information about a new investment opportunity recently. One of the founders graduated from Harvard business school, with another degree from Yale for fun. He’s founded and managed companies that have done over a BILLION dollars in revenue and is excited about this new opportunity that YOU can be a part of?

What is this new, billion dollar idea??

Co – Living

And What is that?

It’s another term for roomates basically.

And why is all the smart money pouring into this industry? Let’s take a look at some numbers that Harvard Graduates, Silicon Valley Startups, and Savvy Real Estate Investors dig into…..

Living with roommates is not new. So why is it booming now?
 Rents are up, income is down
 38% of households spend over 50% of
income on rent, a 19% increase from 2001.
 Nearly two-thirds of these households had
less than $400 cash in the bank
 Shared housing is on the rise
 Nearly 32% of American adults lived in a
shared household in 2017.
 Homeownership rate is at 25-year low.
 Psychological and technological tipping point
 Tech tools, e.g., remote utility monitoring,
allow owners to manage complex tenancy.

Apply this type of thinking to your Group Home Business! The demand for this type of housing is not going to go down anytime soon. You can use this to your advantage, and help people out who are in need at the same time. Whether it’s sober living, seniors, transitioning homeless, aged out foster care, all of the above….whatever the niche you want to serve, Group Homes are another type of “Co-Living” that will soon be all the rage.

Chances are, if you’ve looked into possible “side-businesses” to start you’ve come across a TON of house flippers, real estate agents, stock market gurus, people selling stuff on amazon/ebay, shopify…etc. etc. Have you heard a lot of people talk about this yet? That’s a good sign. That means you’re ahead of the curve 🙂

Ready to get started??

Sign up for our FREE 10 PART COURSE today!

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1 Growing Niche You Can Target For Your Group Home

Posted on by brandon B

1 Growing Niche You Can Target For Your Group Home

Here at Group Home Riches, we believe that one of the next big trends in business, a “Gold Rush”, is going to be in “Co-Living”

 

…or living with roommates. Whether it’s older singles living check to check, millennials with their first job out of college….or our target niche…people who are in need of a Group Home environment…the market for this type of living is EXPLODING.

Housing prices are rising, the overall cost of goods are soaring and wages for the most part have remained stagnant. So this leaves a HUGE segment of the population unable to pay for traditional housing!

The above article highlights one of the niches that we serve and you can too with your future Group Home: Seniors struggling on a very limited income. Or as the article puts it, “The Silver Tsunami” of senior homeless. Check out an excerpt below:

“Glow said rent prices rising is one of the main reasons seniors are getting evicted and becoming homeless. She noted Maricopa County has the second-highest eviction rate in the country.
“Another reason seniors are becoming homeless is because they’re living paycheck to paycheck,” Glow said. “Their Social Security is not enough to get by.”
CASS helps seniors find affordable housing. The problem is there’s a two-year wait for subsidized housing in the Phoenix metro area.”


This highlights exactly why people like YOU are needed across the country. If someone only get’s $1200/month to live on and rent with bills is $1000…where do they go?? Even if they wanted to only have $200/month to live off after paying their housing, would they even qualify for an apartment? 

The answer is NO and many of them end up on the street or in homeless shelters.

Our solution to this problem is really simple and easy to follow:
1) Find a home and get it set up like THIS
2) Market to organizations like CASS
3) Charge an affordable price for your area, say $600 per bed in this example
4) Get a guaranteed check every month…either from Non-Profits or Government programs, like SSI


In a 4 bedroom home you just solved 8 peoples’ problem and brought in $4800 in revenue!!

Now imagine if you had 3 homes like that. Imagine if you got 10 plus and hired a manager to replace yourself.

What would your life be like earning over 6 figures a year, not needing to do any of the day to day “job” activities if you didn’t want to, all while running a business you can feel GREAT about??

It really is that SIMPLE…not easy…but a simple process that anyone can do, no matter where you’re located or what your financial situation is. There are a lot more details that go into it, but that’s where we come in 🙂

Get started today with our FREE 10 PART COURSE

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Negotiating With Landlords To Start Your Group Home

Posted on by brandon B

Negotiating With Landlords To Start Your Group Home

 

What to Look For:

 

 

We had a FREE 10 PART COURSE member send us this home the other day. She asked if it was a lousy home for her first Group Home.

Lousy?

NO!! This is PERFECT!!

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If you’ve exhausted your own network of family, friends, and friends of friends that might have a vacant rental property for you to use than the next option is cold marketing to landlords. The good news is that there are hundreds if not thousands of people in your area that have problems that YOU can solve with a Group Home…

1) They have a vacant property

2) They would like to make more money

3) They would like to not get called about their properties

Where do you find these people? Every single “for rent” ad you see in your newspaper, Craigslist, Zillow etc. etc. all have THE SAME PROBLEMS!!!

Learn the material in the FREE 10 PART COURSE and you’d be much more confident in conveying that YOU are the person to solve these problems with a Group Home. Not only will you get landlords willing to lease to you, but many will want to partner with you! This can be a great opportunity if you are on a limited budget. 

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Let’s take a look at this ad, and I will highlight some keywords that make this the perfect prospect.

“House is not in best shape. Vinyl floors and laminate in poor condition. There is clear evidence of foundation problems. Landlord will not fix floors. House has nice back yard. Garage was converted to extra room. House is priced cheaply due to the lack of remodeling and its poor condition. On the positive side. The house is 4 bedroom with a extra room and has 2 bathrooms one with tub and the other with a tub.”

Do you think this homeowner has traditional renters blowing up his phone day and night to get into this gem? NO! He is MUCH MORE likely to negotiate on subletting..if they even have a policy like that. That’s really all you need. But the underlined sections are PROBLEMS. What do we always say? Want to make a lot of money? Figure out how to solve problems! These are some questions I would ask this homeowner to get an even better deal than is already presented…

Would you consider a rent to own situation?
Would you consider a discounted cash offer in return for a quick, “as-is” sale?
Would you consider rent credits if I were to make repairs to the home?
Would you consider a lower rental amount if I agreed to manage maintenance for this home?
I have a business that could generate approx $6000 per month from this home. I would do all of the marketing and managing. Would you be open to working out an agreement that might work out better for you than the asking price?

If you get a yes to ANY of these questions you’re in business! If you don’t understand why a YES to those questions are GOLD…than you need the FREE 10 PART COURSE!

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You Need a License For Your Group Home, Right??

Posted on by brandon B

You Need a License For Your Group Home, Right??

WRONG!

 

This is one of the hardest things for many new FREE 10 PART COURSE members to wrap their head around.

 

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“Why don’t I need a license for my Group Home? Every high priced consultant, lawyer and the secretary at the county office have all told me the same thing! I need to fill out this form, pay that fee, do this upgrade, schedule this inspection, and it will take 6 months to a year to complete”

The following is an example I use for our FREE 10 PART COURSE members that can’t understand how you can just open a Group Home without a license:

Picture this scenario….

Imagine you had a home with a spare bedroom you wanted to rent…
Now imagine you found the perfect tenant. He is 57 years old. He needs a nurse to stop by 3x a week to administer medicine. He uses an in home nurse for this. As a bonus, he gets an SSI check every month…so that’s a GUARANTEED payment every month!
1) Would you need to fill out an application with your local government in order to house this gentleman?
2) Do you need permission from the local health department?
3) Need to become a licensed nurse so you can personally administer his medicine?
4) Would you need to become an Employer and hire a nurse to do this?

 

OF COURSE NOT

Can there be issues?

Complaints? Of Course!

Let’s say you live in a brand new section of town. All of your neighbors are young, hip millenials who love to socialize. Could they be upset that you have a house filled with old people? Sure!

Could you imagine them bringing this to a court? Could they? Of course!

Do you think they would win?? Of course NOT!

You are protected by the Federal Fair Housing Act!

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Many many local governments, city councils, etc. have tried to BAN “Group Homes”. Check out THIS recent article from Southern California. In it, they detail an unlicensed “Sober Home” (another type of Group Home) in a nice neighborhood. Unfortunately, one of the tenants robbed a neighbor. Now the neighbors are in an uproar! They DEMAND the government to protect them and REQUIRE these people to get licensed and regulated!

I understand where they are coming from…but do you really think they have a case? Will the city set this precedent? So if I have a rental property….would I need to decline all housing applicants if they’ve used drugs or alcohol before? More than likely, the Federal Fair Housing Act will be upheld, like all other suits of this nature before.

Check out some excerpts from the article to highlight my points….and keep in mind this is in CALIFORNIA…not exactly a state known for being business friendly and small-government-minded:

“Those numbers don’t include hundreds of other ancillary businesses, sober living homes. Those are the unlicensed but often PROFITABLE HOUSES (emphasis from GHR) used by recovering addicts as a place to live while they launch, in theory, substance-free lives.


In a country with more than 20 million drug or alcohol addicts – and a still growing opioid crisis – there’s little doubt that rehab centers and sober living homes could offer something essential.”

The article tries to cast these homes in a bad light, but they pretty much prove why these types of homes are necessary! Not everyone can afford to live in one of these licensed facilities for $5000 per month! And notice our highlight…often PROFITABLE HOUSES. Just how profitable can they be?

I checked a few “Sober Living” homes on Craigslist in this area and they seem to go for around $1000/month for “semi-private” bedrooms. This means Roommates. So that means each bedroom is bringing in $2000 per month. That’s $8000 total revenue on a 4-bedroom home. Now think of what happens when you get larger, 5-7 bed homes….or when you start converting garages!

See the power of this business! There’s definitely advantages and disadvantages if you wanted to go through the licensing process. But you don’t HAVE to! This is one of the biggest misconceptions about this industry!

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

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Evictions SUCK! Learn How to Avoid Them With Your Group Home

Posted on by brandon B

Evictions SUCK! Learn How to Avoid Them With Your Group Home

 

Today we are going to learn how you can avoid flushing THOUSANDS of dollars down the toilet with your Group Home business!

 

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Recently our founder went on a pretty epic rant on the way to the courthouse. Check it out on our Youtube page (just punch in Group Home Riches and make sure to subscribe).

 

Why is he mad?

Because ONE TENANT has caused him to lose around $10,000 in lost income, damages, cleaning costs, and legal fees with the eviction process.

This process can be extremely stressful for the property owner. It can take months dealing with the tenant, then filing the suit, dealing with lawyers, hearings, etc. all while the tenant is living there, not paying rent, and in this case completely JACKING UP the property!

That is one property and only one tenant. Now think of a Group Home! Could you even imagine how bad it could get when you have 6 – 12 tenants all in one home that could be transitioning out of homelessness, prison, drug & alcohol recovery, or any of the other issues they could have?

So how does that work? It must be a NIGHTMARE to manage right??

WRONG!! This is one of the many misconceptions people have about Group Homes that causes them to miss out on a massive opportunity.

Most Group Homes are not going to be requiring a certain credit score, or have income restrictions of verifiable, salaried income that is 2-3x the rental amount right?? If so you’d be hard-pressed to find a tenant that qualifies in this market!

So there needs to be a trade off. That trade off is that they DO NOT GET A STANDARD LEASE. You are not going to “lease” the home to every one of these tenants and then grant them all of the legal rights that comes along with a typical lease.

YOU WILL LICENSE SPACE TO THEM

Think hotels or motels…
If anyone breaks the house rules, disturbs the other tenants, causes damage, or payment doesn’t go through for some reason…anything… you ask them to leave and if they don’t, they are considered trespassing.

Could you imagine a hotel going through a court battle for 60 days before kicking out a disturbing, non-paying guest???!!! Of course not! And neither will you!

This is one of the MANY things taught in OUR FREE 10 PART COURSE (CLICK HERE TO SIGN UP)!

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Besides all the how to guides, videos and other sample material in the course, you will also get access to OUR LICENSING AGREEMENT! This one document alone is worth the price of OUR FREE 10 PART COURSE (CLICK HERE TO SIGN UP)! Without it you would be using a standard lease downloaded off the web, or you would need to pay a lawyer a couple hundred bucks to draft one like it for you.

You’ll also learn:

– Why you don’t need a license…no matter where you’re located

– Where to find HUNDREDS of Real Estate Investors you can partner with and EXACTLY what to say to them if you don’t own a home you can operate out of

– How to acquire a property and what strategy to use based on your  budget….starting from ZERO and up!

– How to find local organizations to send you tenants on housing assistance

AND THEN…

– How to get set up to receive a GUARANTEED check every month!

Each one of our homes brings in an average of $4000 – $6000 per MONTH. You can fill your’s in the next 30-60 days and earn a nice, mostly passive check every month using the systems OUR FREE 10 PART COURSE (CLICK HERE TO SIGN UP) will supply you with!

Or

You can SCALE to a multi – six figure (OR MORE) empire with the higher level management techniques and business plan used to acquire millions in capital…all included in OUR FREE 10 PART COURSE (CLICK HERE TO SIGN UP)! Sign up for free today!

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How Can You Start a Group Home Business With No Money?

Posted on by brandon B

How Can You Start a Group Home Business With No Money?

 

Keep reading to find out the secret that EVERY successful entrepreneur knows…

 

 

 

A few days ago we sent out a survey with a few general questions to help us improve OUR FREE 10 PART COURSE (CLICK HERE FOR MORE INFO)

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When asked what is holding you back from getting started, the overwhelming response was that you felt you couldn’t afford the start up costs…which are typically around $1500 – $2500. This is the conundrum that many “Wantrepreneurs” face right? You want to…YOU NEED TO…bring in more revenue but you gotta spend money to make money right? AND YOU DON’T HAVE IT!! That’s why you’re here in the first place! It’s a vicious mental cycle that every new business owner has gone through though! BUT IT’S WRONG! You don’t NEED money to start a business!

So how do you start a Group Home with little to no money?

Simple!

Not easy, but simple.

STRATEGIC PARTNERSHIPS

Every “celebrity” entrepreneur did the same thing….Bill Gates, Donald Trump, Elon Musk…they all started from ZERO.

If you have the passion, work ethic, and know how (this is what WE provide for you) then all you need is the house right? Who might have a vacant house you can use as a Group Home and what would be in it FOR THEM??

All you need is a Real Estate Investor AKA a “landlord” and what are 3 things that every single landlord has in common?

1) They want to be paid on time

2) They would like to make more money

3) They don’t want to be called with problems…i.e. clogged toilets

This business and YOU are the perfect opportunity for them!

You need to become an asset though. Every partnership needs to be a win-win and NOBODY is going to provide you capital and/or a home AND do the leg work on top of that! Put yourself in their shoes, what are some of the questions you would want to know before lending money or a home to someone?

Do you know how much you can potentially make in your area? Have a marketing plan? Do you have paperwork for your tenants to sign to avoid the eviction process? How about marketing material? Why don’t you need a license to start? Do you have a business plan showing potential future investors the MASSIVE opportunity this business offers??? How are you going to pitch this to a potential partner?

You can research ALL of this for free or figure it out as you go along just like our founder did. We also provide a free Blog, Youtube channel, Facebook, Instagram, Podcast, and these emails to help out. But these are also examples of just some of the stuff that’s included in OUR FREE 10 PART COURSE! 

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1 Mistake That Will Cause Your Group Home Business to Fail

Posted on by brandon B

One of the main reasons some Group Home Owners fail…and businesses in general for that matter…is not having the proper systems in place.

Let me tell you a story of a Group Home system gone bad:


We had a struggling Group Home owner come to us, join our FREE 10 PART COURSE (CLICK HERE TO JOIN!), and turn his business (and life) around soon after enrolling. 

 

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Prior to that, he had a Group Home, tenants, and a noble idea! He took in folks transitioning out of prison or homeless shelters, taught them job skills, and found them jobs!

Sounds like a great plan right? But there was one GIGANTIC problem with this system. HE RELIED ON TENANTS TO PAY HIM.

So if these tenants reverted back to any of the old habits that got them in prison or homeless in the first place…like not showing up to work for example…the tenants did not get paid, therefore HE DIDN’T GET PAID!!

The lesson? Do Not Rely On Your Tenants To Pay You

Our FREE 10 PART COURSE will show you how to locate tenants on some type of assistance, either through Government programs or Non-Profits typically, then how to get a GUARANTEED check deposited into your business bank account every month!

To do this, you can become your client’s Representative Payee or require them to go to a 3rd party Representative Payee company that will disburse the client’s funds accordingly. Then get a check for providing housing!  The 3rd party method is the FREE 10 PART COURSE recommended method.

You could have the perfect house, in the perfect location, provide top notch service, have a massive marketing list with referrals coming in left and right, a long waiting list, and be 100% occupied. Don’t miss this part and don’t get a system in place to collect guaranteed payments and you could be out of business quickly!

If you’re ready to get started with your own business that generates on average $4000 – $6000 PER HOME per month, then join our FREE 10 PART COURSE today! 

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What is Your Excuse For Not Starting a Group Home??

Posted on by brandon B

What is Your Excuse For Not Starting a Group Home??

We talk to a LOT of people about Group Homes and do you know what the #1 excuse for people not starting up their dream business is?

Budget Restraints!

That’s right: Lack of funds

If this is YOUR reason for not starting up your own Group Home business let me ask you a question…When is that going to change? And what is going to happen if you DON’T create another source of income for yourself??

Let that sink in for a second….

Hopefully it stung a little bit. If not…maybe you’re just happy where you are at. That’s fine! But if you know deep down that starting a Group Home, helping out people in your community, setting your own schedule and earning an amazing income is right for you then CHANGE YOUR MINDSET.

We’ve said it before and here it is again….don’t tell yourself WHY you can’t do something, ask yourself HOW it can be done!

Where there is a will, there is a way and the above article is an infuriating example of that. But guess what? No matter how awful you might think it is, this guy makes an extra thousand bucks every weekend just by sitting on the street and asking for it. How do junkies afford drugs every day with no job??

You can use the force of your “will” combined with “belief” for good OR evil. There’s a million articles out there about much more positive uses of this force, but this was meant to grab your attention.

You don’t need a lot of money to start a Group Home. You don’t need a license. You don’t need good credit. Or a grant. Or permission from the government. OR ANYTHING ELSE you are telling yourself that’s holding you back.

OUR FREE 10 PART COURSE will give you all of the information and material you need to run your business except the home! HOWEVER, we’ll show you how to acquire a property you can operate a Group Home out of with little to NO money if you really are lacking the funds!

Listen to what other people are saying about our products HERE, and let’s get YOU on your path to Group Home Riches today!

 

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Get Rid of Your Job Once & For All By Starting a Group Home

Posted on by brandon B

Get Rid of Your Job Once & For All By Starting a Group Home

With the cost of living skyrocketing, debt increasing, and wages not keeping up, the country is in an affordable housing crisis. You can start a Group Home to help, and get compensated VERY WELL for it! 

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As this problem continues to swell, entrepreneurs across the globe will continue to capitalize by solving it! 

We’ve written about quite a few of them so far, but Venn is the most recent Silicon Valley start up to cash in on the “Co-Living” market. They are highlighted IN THIS ARTICLE  which is another attempt to make people not being able to afford traditional housing as “hip”. 

Employed millennials are just the newest “niche” of the population looking into “co-living”, but what about people transitioning out of homelessness, aged out of foster care, seniors stretching their SSI payment, former drug addicts transitioning out of rehab etc. etc?? The list can go on and on but people like this have been living in “Co-Living” situations for ages…they are just called “Group Homes”. 

The upside to serving THIS population is that there are BILLIONS in governmental and non-profit funds that guarantee housing payment for folks like this.  It’s also a business that you can feel good about! It’s a win-win! Sign up for our FREE 10 PART COURSE if you’d like to learn how to start. 

This all sounds great right? But what about the subject of this email? How do you get rid of your job???

Take a look at a sample breakdown of how much you could expect to make running a small operation in this business:
•Three 4-Bedroom Homes (with roomates, 12 bedrooms total)
•24 Tenants at full capacity
•$600 per bed = $14,400/month in revenue
•$172,800 in annual revenue
•60% For Expenses
•You net $69,000 per year
Keep in mind, this is using our Founder’s Group Home expense ratio and each Operational Manager he has oversees FIFTEEN HOMES. That is a full-time job for sure! Inn this example, with you acting as the operational manager to begin with, you are doing ONE FIFTH of a full time job! What is the hourly rate on that? Could you live on almost $70,000 per year while only working part time? What if you wanted to do it full time? Do the math!!

The demand is there. That is why you see all of these start ups popping up and millions and millions of dollars in investment pouring in.

But the great news is that YOU DON’T NEED MILLIONS TO START. You can start small with a rental or even partnering with a passive Real Estate Investor to keep your costs very low or even ZERO.

And you don’t have to spend years learning the business and figuring stuff out like our founder did. He put together how to guides, videos and all of the material he used to grow his business all in one place with OUR FREE 10 PART COURSE.

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