1 Growing Niche You Can Target For Your Group Home

30 Aug 2019 by brandon B">Admin

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 🙂