Why Group Home Is Better Than Rental
Why Group Home Is Better Than Rental
Group Home or Rental???
We all know Real Estate is one of the most commonly used paths to long term wealth right?
Depending on which article, study, or meme you see out there, around 80-90% of all millionaires have gotten there by what?
You guessed it…
REAL ESTATE
It’s not just as simple as heading to the MLS, buying a property, and sitting back counting your dough as many gurus out there want you to believe though.
A lot of “Landlords” think they can just buy a property, rent it for $200 more than their mortgage, get 10 of these, and you got over $20,000 coming in without lifting a finger right??!!
WRONG
First and foremost, you need to find a deal like our OUR FREE 10-PART COURSE teaches and this is extremely competitive. You will often need to fix the property up. You need to market the property and the downsides are encapsulated in this video.
Even if you do have tight guidelines, you always run the risk of having someone doing drugs, subletting your property, tearing it up, burning it down etc. etc.
You have no idea what’s going on in there!!!
In the video, Andy breaks down how one of these tenants actually created a METH LAB.
Got raided by the Swat team.
Tore up the property causing ~ $5,000 in damages.
And then SUED ANDY FOR THEIR DEPOSIT BACK!!!!
The NERVE!!!
But this is the type of stuff Andy has to deal with in his regular rental properties! Believe it or not, he actually has to go to court, hire a lawyer, and spend a lot of time with this situation.
So what’s different and better about Group Home?
1) Supervision – You can install security cameras and House Managers to ensure the rules and regulations are being followed.
2) Legal Protection – You are not LEASING this property to your tenants. You are LICENSING SPACE to them. Think Airbnb. Hotels. If a hotel guest throws a loud, obnoxious party does management go through a 30 – 90 day eviction process to get the guest out of there. No!!! And you won’t need to either with your license agreement. You can use the same one we do with OUR GOLD COURSE. That alone is worth the price of the course!
3) Cash Flow – Look, you can’t feed other people if your plate is empty. This is a way for your “plate” to be OVERFLOWING. Think about it? How can so many of our FREE 10-PART COURSE MEMBERS earn a living by LEASING their properties??
You mean to tell me that after the landlord pays their mortgage, and get’s their cut, there is still enough left over for the Group Home Owner?
YESSSS
How does that even work??? Just as an example, in the areas we operate out of we look for homes with 4 or more bedrooms. These would normally “rent” for around $1800 – $2000.
Using the same systems you can use with OUR FREE 10-PART COURSE, these group homes now generate on average $4000 – $6000 PER MONTH!!!
4) YOU HELP THE COMMUNITY!!! This is the main reason you came to us anyways right?? There is MASSIVE demand for this type of housing and very little supply. Most real estate investors are misinformed about the business model, and many that do figure it out unfortunately take advantage of the system. Their heart’s are not in it for the right reasons.
THIS IS WHERE YOU COME IN
How do you start? Do you need a license? What systems do you put in place? How much do you need to find a home? Where will you find your tenants?
THIS IS WHERE WE COME IN
