The Simple Formula To Wealth
Help More People – Make More Money
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Category: Uncategorized
Passive Income Through Group Homes….Is it Possible???
Is Passive Income Real? Is it possible to get Passive Income Through Group Homes?
The short answer is YES!
Passive Income Through Group Homes is totally real. But let’s start by inverting. As Jacobi said – invert. Always Invert.
The easiest way to do this is to simply back into things and then determine what you need. So let’s do this…..
Let’s say you want $100,000 per year coming in passively.
That is $8,333 PER MONTH.
If you play the game correctly, honestly and ethically – you can actually keep all $8,333. How? Because you will own real estate and have depreciation (remember – for every 100K of real estate you have, you get to write off about $3,600 per year!. just for owning it!). These are just some of the nuggets of wisdom you can find in MY FREE 10-PART COURSE
But let’s just focus on the money for a second. If you know that each home will net you each month about $2,500, how many Group Homes do you need?
You only need about 3.3 Group Homes!
But you can’t have 1/3rd of a Group Home…so let’s just round up and call it 4. Now, to build in a margin of safety (and a manager) let’s add 1 more group home – so you have another $2,500 per month coming in that you can give to a manager. Remember, that is $30,000 per year. Someone can and WILL easily run 5 group homes for $30,000 per year.
This is how you back into it. You now have 5 group homes, making you well over $100,000 per year.
And yes, it is pretty damn passive. Do you need to check the accounting? Yes. Do you need to pay your credit card bill every month? Yes (but you can put that on auto-pay). Do you need to watch the utility expenses like I teach MY FREE 10-PART COURSE students to do? Yes….because utilities (especially water leaks) can add up!
THIS IS HOW YOU MAKE $100,000 in Passive Income Through Group Homes like I teach in MY FREE 10-PART COURSE and 1-ON-1 TRAINING PROGRAM
NOW FOR THE TRUTH….It is passive ONCE IT IS UP AND GOING! (but not before)
Inertia is the biggest obstacle to overcome at first.
in·er·tia
/iˈnərSHə/
a property of matter by which it continues in its existing state of rest or uniform motion in a straight line, unless that state is changed by an external force.
Please read that again……
You must change your personal state BY AN EXTERNAL FORCE!
Let ME BE YOUR EXTERNAL FORCE!
MY FREE 10-PART COURSE, GOLD COURSE and my 1-On-1 Coaching Systems are designed to PUSH YOU to the next level.
Our web-development Lead Generation Websites are designed to get YOUR PHONE RINGING off the hook once you let them mature so that Google, Yahoo, Bing and the other search engines can find you!
The momentum and initial effort is what will allow you to get to the point of having passive income.
You need to put in time, energy and effort. If you really back into this equation – this is what capital really is! Capital (i.e. Cash) is nothing more than time, energy and intelligent effort that results in the build-up of capital.
TODAY IS THE FATHER OF TOMORROW
Therefore, what we are today is the result of what we have been thinking and the way we have lived in the past.
After you have INVESTED (i.e. sown) through MY FREE 10-PART COURSE knowledge, the WEB DEVELOPMENT LEAD-GENERATION SYSTEM and 1-On-1 Coaching your knowledge base, energy level and effort will result in an amazing GROUP HOME BUSINESS.
Only then can and will you have Passive Income Through Group Homes.
Remember, in life a single seed that sprouts can yield dozens, scores, even hundreds of beautiful and delicious crops.
Some are deceived because their present seed does not appear to be producing an immediate crop. So they continue down their course, mistakenly believing that there will never be a harvest. But unlike the crops of the field, which get harvested at approximately the same time each year, there is no regular timetable for the harvest of life. Some crops we reap quickly; others take a long time. But do not be deceived—their season will come.
AND YOUR SEASON WILL COME…..
Therefore, by going the second mile now, giving more than is required, and investing in yourself through GOLD COURSE TRAINING TECHNOLOGY, MY FREE 10-PART COURSE and YOUR GROUP WEBSITE HOME LEAD-GENERATION SYSTEM you will reap rich dividends later.
These dividends can and will allow for Passive Income Through Group Homes all while helping others. Above all, remember that you must invest in yourself today.
Questions?
Comments?
Thoughts?
Don’t believe me? Ask me a question at andy@grouphomeriches.com!
Stuff Will Happen With Your Group Home Business – How Will You React?
Stuff Will Happen With Your Group Home Business
It is not what happens, but how you react.
Most days when I get up I have a little routine that I go through….after all, the routine is what will set you free.
Well, fast fwd. about 20 minutes through the start to my morning and I have my espresso and my hot water, lemon and cayenne pepper next to me in my home office. I accidentally bump the water. It’s early, and I have yet to sip the espresso. My reaction times are a bit slow.
My Arm Moves. Hot lemon water is everywhere…..including my computer.
Fortunately I move the computer on time and wipe away all the water and save the computer from any damage.
The Lesson? Stuff Happens. It is not what happens, but how you react and what we do about it.
For some, this could set them off on a bad foot the rest of the day.
The other lesson is that when you start your GROUP HOME Business, stuff WILL happen.
Yes, great stuff will happen – but other stuff you don’t like will happen too.
You can’t give up.
Eventually you need to outgrow the problem. Literally, you become larger than your problem.
I tell a story in MY FREE 10-PART COURSE where on one of my first Group Homes, my house manager called at about 10PM at night. I was single and out on the town.
He calls during a fun night (for me) and tells me that 3 cop cars are at the property because one of the tenants is completely drunk, harassing the other tenants BUT the cops will not take the drunk man. Yet at the same time, the cops are asking for the house manager’s identification, ID, name, DOB etc.
It is almost like the Cops are harassing the wrong guy!
To make matters worse, the cops will not take the guy or arrest the drunk tenant. Why? They have not “heard” the right words. They haven’t heard any threats. Additionally, the drunk tenant is inside his residence!
There are a few tips and techniques that we teach in MY FREE 10-PART COURSE that allow you to overcome obstacles like this. Ideally in life, you don’t spill your coffee in the morning on yourself and you don’t have tenants that cause issues. But the truth of the matter is you will.
Rather than learning how to handle situations like this on the fly – getting “scalped” as I like to say…..
why not simply learn from someone that has already gone through it?
That is why I put together MY FREE 10-PART COURSE .
it is essentially a STEP-BY-STEP guide to getting your 1rst, 2nd, 3rd or 20th
TURNING IT INTO A SYSTEM.
The same thing with my LEAD-GENERATION WEBSITE DEVELOPMENT. You need to learn how to generate leads on AUTO-PILOT in order to fill your beds and create a waiting list.
You CAN do this on your own. But realistically, why would you? Life is going to throw you curveballs.
After all, the road to success is paved with ditches, potholes, curves and non-working red-lights. Avoid this and build your GROUP HOME BUSINESS with my MY FREE 10-PART COURSE and LEAD-GENERATION WEBSITE TODAY.
Group Home Best Practices – Automate Your Monitoring From Home
Yesterday, I met up with one of MY FREE 10-PART COURSE clients and PRIVATE GROUP HOME COACHING STUDENTS and he let me know some of his group home best practices…
He is on his first home. Here is what he told me:
“Andy, I never in my wildest dreams did I think I would have the house filled THIS FAST!”
Yup….I knew it all along. I knew he could do it. He just needed some encouragement and some additional faith.
But I digress.
Let me tell you about HIS SUCCESS in the industry.
He is a young man, about 24 years old. No college degree. Just a BIG BURNING DESIRE TO HELP OTHERS AND CHANGE HIS FINANCIAL FUTURE. I am sure many of you fall into the same category.
He rented (yes, he rented – he did not buy) a house in a relatively large town in Texas (about 800K people). I did not ask what he is paying for rent, but I would imagine about $1,200. It is a 4 bedroom home.
He then used MY FREE 10-PART COURSE and our Website Development Package(which is now back & open for a limited time – we were flooded and could only take on so many clients at once) and he began implementing our group home practices that we teach and instruct.
He began doing some of our group home best practices: marketing to all the local rehab centers, nursing homes, health and human services centers, behavioral health clinics, social workers and case workers just as we teach in MY FREE 10-PART COURSE
He began driving traffic to the website that we built for him (our website development product) and gathering leads and email addresses for case workers and social workers
He began emailing the case workers and social workers using our recommended GROUP HOME EMAILING TECHNOLOGY SYSTEM (ask brandon or I about this)
Rehab clinics, nursing homes, behavioral health centers and other began sending him clients…..
BUT HERE IS THE BEST PART.
HE CHARGES $900 PER BED PER MONTH. NO FOOD!
In a few short months, he already has 9 people living in his GROUP HOME.
YOU CAN DO THE MATH!
$900 X 9 = $8,100 PER MONTH IN REVENUE.
He pays out probably $1,200 in rent and another $1,000 in utilities, TV, etc.
One thing he is doing which I just LOVE is his online monitoring system where he uses Amazon Cloud Cam so he can not only WATCH his clients, he can listen to them too!
(check out the photo from yesterday above!)
He is already excited about doing the COOKIE-CUTTER like I teach all my
MY FREE 10-PART COURSE students to do and setting up another 5-10 group homes.
DO THE MATH!
Imagine 10 group homes bringing you in over $80,000 PER MONTH!
AND IMAGINE ALL THE PEOPLE HE WILL BE HELPING!
And he plans to operate EVERYTHING from his phone…..
He plans to monitor all his clients FROM HIS PHONE (check out the photo he showed me yesterday). They will also PAY HIM on his phone….Yup. This is MY FREE 10-PART COURSE METHOD and one of our group home best practices!
Whether he is in Hawaii (did you see the photo yesterday?) or in the Caribbean ( I have another MY FREE 10-PART COURSE METHOD client going on a Cruise this Thursday to the Caribbean- and she says that she too will be operating everything from her phone while at sea)
Do the math folks! This is a real business. It is a scaleable business. The best part? It is in SUPER HIGH DEMAND! And nobody is doing it!
How to Get Funding For Your Group Home-Grants? Bank Loan? Partners?
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GROUP HOME THE WEALTH EFFECT – WHAT IS IT AND HOW DOES IT WORK AND HOW DOES IT IMPACT MY GROUP HOME?
GROUPHOMES…..
In yesterdays Wall Street Journal Article that I referenced (retire at 40 years Old) I touched a bit on the wealth effect…now lets learn how to do this with group homes.
I received probably 10 group home subscriber emails afterwords asking about the wealth effect – so I figured that rather than responding to those 10 or so people, I would write to everyone – about 25,000 of you.
So here it is…the Wealth Effect (Andy’s explanation and how it impacts your group homes)
The “wealth effect” refers to the idea that people like you and I will spend more $ when our stocks or real estate go up in value because higher asset prices make us FEEL (note the word FEEL) wealthy. It is basically an emotional high….
And as much discipline as you or I may have….9 out of 10 of us still fall into the trap (including yours truly- But I try to be mindful)
BUT IT IS A FALLACY…A GAME BEING PLAYED ON US.
Let me explain…..
Let me explain…..
Statistically it has been proven and un-proven. (remember the book, how to lie with statistics?)….
But Guys like Robert Shiller (Case Shiller) and Mark Zandi (Chief Economist at Moody’s) will tell you via Statistics, that for every $1 increase in housing value, there is an $0.08 increase in spending…..
Now, I am not sure if they are considering property taxes or not (because you never get to see that money anyway) – but figure that if your housing goes up in value by $100,000 you spend just 4% rather than 8%….which I find reasonable. In essence, you if you have an extra $100,000 in value in your home – they say you will go take a trip to Mexico for $4,000 – $8,000.
THE PROBLEM WITH THE WEALTH EFFECT AND THE TRUE BENEFICIARIES
I have a friend that lives in a very nice part of town. His house is probably worth $1,300,000. Fortunately, it is paid off and he has no underlying debt on it. But when we chat, he often times tells me that his house is going up by 10% per year. This is the wealth effect.
Unfortunately, for every 10% increase in “value” it actually COSTS HIM an additional $2,300 due to the property taxes! Get it! So when we talk about the real beneficiaries, one of them is YOUR LOCAL COUNTY PROPERTY ASSESSOR!
So his house went up by 10% (he thinks) and yet it cost him an extra $200/month. GOT IT?
Additionally, in his mind, he just made an easy $130,000 doing nothing….Might he now feel wealthy enough to go spend $25 on a nice tri-tip steak and a $50 bottle of Malbec 2X per week as a result?
That is an extra $150/week or $600 per month – OUT OF POCKET.
The point is that high asset prices often times induce a type of euphoria.
This is the Wealth Effect.
It allows the government and others (the true beneficiaries) to essentially TAKE MORE MONEY FROM YOUR WALLET EACH AND EVERY MONTH even though your cash-flow has not increased.
GROUP HOMES – WHY I FOCUS ON CASH-FLOW PRODUCING ASSETS
If you have read my previous articles and blog posts, you will know that I am a big believer in watching the central banks and more importantly INTEREST RATES. Simply, when interest rates go down – prices go up – and Vice versa. You do not need an MBA from Harvard to figure this stuff out. You only need to learn the basics – and then have a proven, step-by-step system for accomplishing your financial dreams like I teach in my FREE 10-PART COURSE
The problem with interest rates, is that they are outside of your control. Chances are, you are not on the Federal Open Market Committee. But what you CAN CONTROL is your business and your knowledge. You see, Group Homes produce CASH-FLOW each and every month.
A Small 4 bedroom home with 8 beds that you rent for $600 each (cheap) produces a GROSS INCOME of nearly $5,000 each month. If your expenses are roughly $2,000 – you have $4,000 PER MONTH to spend how you wish.
This is the power of BUSINESS. THIS IS THE POWER OF GROUP HOMES LIKE I TEACH IN MY FREE 10-PART COURSE
The wealth effect has other powers-that-be like your local tax assessor getting all of your money because you feel rich. GOLD COURSE GROUP HOMES allow money to flow to YOU each and every month. See the difference?
I hope this explanation of the wealth effect makes sense. Now start paying attention so that attention can PAY YOU!.
Interest rates are rising…….what usually happens when interest rates rise?
I want you to be in charge of your financial life and live your dreams. In my opinion, one of the easiest and sure-fire ways to do that is through CASH-PRODUCING GROUP HOMES. I teach all of this in my FREE 10-PART COURSE
Don’t let interest rates matter. Don’t let the Wealth Effect Take your money. Learn how to produce monthly cashflow and help others with my
FREE 10-PART COURSE
ANDY, I WANNA BE A MILLIONAIRE – SO FREAKN’ BAD!
“ANDY, I WANNA BE A MILLIONAIRE SO FREAK’N BAD”
One of my coaching clients and GOLD COURSE students told me this last Friday on one of our monthly private training sessions.
I asked him if he knew Bruno Mars – Bruno has loftier ambitions.
So in today’s lesson, I am going to review with you what I learned from studying under a true (real-life) self made Billionaire.
BILLIONAIRE.
Remember, in yesterday’s lesson (Johnny Depp) I basically told you want NOT to do.
In today’s lesson, you are going to get
VALUABLE TIPS
on what it takes to be financially successful
VALUABLE TIPS
on what it takes to be financially successful
#1. You net worth calculation is SIMPLE.
Take the net income from you GROUP HOME BUSINESS and Multiply it by 4. That is it. EXAMPLE:
If you have 5 GROUP HOMES and each one makes you $2,000/ month then you are making $120,000 per year. Now add back personal misc. items such as Phone, Internet, Cable, Insurance, Automobile Expenses and even your personal rent or mortgage (if you run that through the business) this could easily be another $45,000 / year. Now take THAT # and multiply by 4.
$165,000 X 4 = $660,000. YOU ARE WORTH $660,000
DO THAT 1 more time and you are a MILLIONAIRE. IT IS THAT SIMPLE. WHY?…..
#2. INTEREST RATES.
Yes, rates are going up. But savers are still losers. They make about 2% on their CASH at best. Millionaires, Deca-Millionaires and Billionaires don’t sit on cash (by and large). They play with productive (semi-illiquid) assets. In the above example, the buyer of those group homes would make a 25% return on his / her money. This is how the game gets played
#3. CASH IS TRASH.
The Self-Made Billionaire that I studied under buys and sells companies. BIG COMPANIES. He started small and then built out his team. Back in 2011 when I was studying under him, he was worth about 2.8 Billion. Guess how much cash he had? About $50 Million. Do your homework and run that as a %.
Obviously every guy / gal and industry will be a bit different, but this is something to consider.
#4. AIM HIGH. PICK YOUR NICHE AT FIRST.
I teach people (LIKE YOU) how to get financially independent and successful using one of the oldest methods (and 2nd oldest profession) in the world.
LANDLORDING.
THE GROUP HOME AND GOLD COURSE niche is a bit different in that we take a small, 1,500 sq ft home and rather than renting it out to families, we rent BEDS out by the room.
Rather than grossing $1,200 per month – I teach you how to make $4,000 – $6,000 PER MONTH.
It is a SUB-NICHE within the real estate sector.
And it works. It makes COLD HARD CASH. SPENDABLE INCOME.
(NOT EQUITY – have you ever gone out to dinner or tried to purchase a house using your home equity? No. It doesn’t work).
I TEACH YOU HOW TO MAKE MONEY USING A TARGETED NICHE.
MY LESSON TO YOU
Although I did not learn this from any of my mentors, one thing that I must emphasize is the fact that $1,000,000 is not enough. Think back to lesson #2. Interest rates. Now think about real costs in a Sand State like New York, CA, FL (heck, even Texas now)…..Here are some simple calculations:
– A nice house is at least $1,000,000. With property taxes, insurance and maintenance you will drop at least $9,000 per month assuming you have some debt on it.
– Want to eat at whole foods? Tri-Tip Steak and a Nice Malbec on the weekends? Free Range Chicken? Organic Veggies? With a small family you will spend at least $1,500 / month.
– Want a nice car? You insurance alone will be $2,000 per year. Chances are you need two cars
– Vacation? Umm, yes. Get ready for $10,000 – $15,000 per year or roughly $1,000 per month. Want to fly private? One 3 hour leg to Cabo from DFW will run you $12,000. Thats $24,000 round trip. You get the point
– Schools, Nannies, Babysitters etc. In most instances, the public school systems are HORRIFIC. ABSOLUTELY HORRIBLE. Get reaady for $1,000 per month BARE MIN per child. 2 Kids? That’s $24,000 / year. The reality is that it will be closer to $50,000 for two kids.
Just like a business, your personal P&L is VITAL. It is an expense. And it is never what you think it is. It is ALWAYS more. I strongly encourage my GOLD COURSE students to get a book-keeper or begin keeping books on their personal expenses. In the above example it is probably damn near $16,000 PER MONTH and we haven’t even talked about clothing, utilities, telephone, internet etc.
$1,000,000 of Cash in the bank wouldn’t even cover 1 month of expenses. Hell, $1,000,000 of STOCK with an annual dividend of 3% (rough S&P dividend yield) would only cover about 3 months of expenses.
THIS IS WHY YOU NEED TO AIM HIGH AND START YOUR GROUP HOME BUSINESS TODAY.
I am not saying that you need to live in a similar fashion to the example family above. I am merely saying that you need to change the way you think.
Here is a brief summary of what you get:
– VIDEO
– AUDIO
– EXAMPLE GROUP HOME P&L %’S
– TEMPLATES
– LEASE AGREEMENTS
– HOUSE RULES
– POLICES AND PROCEDURES
– TRAINING PACKAGES
– INTAKE QUESTION FORMS AND TEMPLATES
– MARKETING MATERIALS
– MUCH, MUCH MORE. LITERALLY EVERYTHING YOU NEED TO START AND OPERATE YOUR CARE HOME AND GROUP HOME TODAY
WHAT ARE YOU WAITING FOR? THE GOLD COURSE WILL NOT LAST FOREVER…..
START LIVING THE LIFE THAT YOU KNOW YOU DESERVE.
BECOME A DECA- MILLIONAIRE TOMORROW.
Stay Strong,
Andy
DON’T DO THIS IF YOU WANT WEALTH
REMEMBER THE EMAIL ABOUT JOHNNY DEPP AND REVERSE ROLE MODELS??
Here are 2 Financial Mistakes Most People Make—Avoid These at all Costs:
Mistake #1 To Avoid
Diversifying. How many so-called professionals tell you to diversify?
The only reason to diversify is if you don’t know what the hell you are doing and are not confident.
Diversifying is hedging your bets. It’s done to protect yourself against making the wrong choice.
Andrew Carnagie said “put all your eggs in a basket and watch them grow”. Me? I listened.
I don’t diversify, I put everything into something I know will work. LIKE GROUP HOMES AND I FOCUS until it starts cranking out recurring income.
Mistake #2 To Avoid
Speculating. I never speculate. If I can’t tell you that this thing is going to pay me next month – I don’t do it. Bitcoin, RIPPLE, CARDONA etc. is speculating. Flipping homes is speculating. Stocks and Wall Street are speculations.
Buying the way Warren Buffet bought Goldman or BofA during the recession with a 10% pref? That will pay you each and every month (or quarter). That’s intelligent – Ben Graham – investing. It is what I teach my GOLD COURSE students
By the way, what does everyone on Wall Street tell you to do? Diversify. They aren’t even confident in their own investments!
You don’t want to make these 2 BIG mistakes. There are better, surer ways to wealth.
I show you how to do this in my GOLD COURSE.
Step by Step negotiation tactics, marketing docs, and other audio and video courses YOU NEED to generate a SUBSTANTIAL PASSIVE INCOME through GROUP HOMES.
GROUP HOME DEMAND – TODAY’S WALL STREET JOURNAL ARTICLE ON GROUP HOMES
HOPEFULLY YOU READ MY ARTICLE EARLIER ABOUT STAYING FOCUSED.
Now, let me give you further PROOF that there is HUGE DEMAND for GROUP HOMES
READ TODAY’S WALL STREET JOURNAL ARTICLE.
IT IS FRONT PAGE.
“TIME BOMB LOOMS FOR AGING AMERICA”
Short Summary:
Demand:
There are millions of baby-boomers that do not have enough money to retire. There are millions of baby-boomers that do not have enough money to live. They need cheap, affordable GROUP HOME living environments.
Supply:
There are not enough GROUP HOME ENTREPRENEURS to supply affordable group home housing for these Baby-Boomers. They NEED PEOPLE LIKE YOU.
Solution:
STAY FOCUSED. FOLLOW MY GOLD COURSE and learn the insider secrets to providing housing and related services for this aging demographic. There is HUGE demand in this space and it is not crowded. You can make a FORTUNE while simultaneously helping others
Remember, as a GROUP HOME ENTREPRENEUR, your JOB is to find answers to other people’s problems. If you can be a problem solver in your community, not only will you help others, but you ill make A FORTUNE
If you are willing to invest in yourself, STAY FOCUSED and FOLLOW ONE COURSE UNTIL SUCCESSFUL (FOCUS) then you can set yourself up for life.
Interested in investing in yourself?
WANT A FREE 10 PART COURSE ON HOW TO START, RUN AND OPERATE GROUP HOMES?
Stay Strong,
Andy
WHY BEHAVIORAL HEALTHCARE CUTS CAN BE GREAT FOR YOUR GROUP HOME BIZ
Yesterday, one of my GOLD COURSE members emailed me
(this is one of the benefits of being a GOLD COURSE member, you get email access to me for free)
Anyways, he asked me about an 8 MILLION proposed mental health cut to his local community and how it would impact his business. Here is what I told him:
As an entrepreneur, you need to learn how to make money in rising markets and falling markets. When others see void, you need to see opportunity. That is the model. You need to be an OPTIMIST. Now let me tell you and show you how this 8 MILLION proposed cut can positively impact you:
When the county cuts services, the MH/MR people will still continue to receive their SSI and SSDI payments. The positive thing is that the county will no longer be stepping in to provide housing for these people etc. which leaves a greater opportunity for you as the GROUP HOME entrepreneur. Essentially, your competition just got wiped out.
EVERYONE LOVES A GROUP HOME MONOPOLY
Look, if I showed you a way for you to eliminate your competition in the GROUP HOME business so that literally everyone in your community had to live with you, wouldn’t that be a good thing?
This is what is happening in this guys community.
The truth is, many of these non-profits are not running efficiently. When their $$ and budget goes down, someone has to step in and fill the void. Why not let it be myGOLD COURSE STUDENT?
The opposite holds true as well. When big money flows into these NGO’s, you need to learn how to get out there and grab it. I SHOW PEOPLE HOW TO DO THIS STEP BY STEP IN MY GOLD COURSE. But for today, focus on how to see and find opportunity even when things look bleak.
NEED TO LEARN HOW TO DO THIS AND WANT TO START FOR FREE??
