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!
Are You Making These 3 Common Mistakes When Starting a Group Home Business?
Starting a Group Home Business..or any business for that matter…isn’t always easy. There are so many things to think about and decisions to make!
There are several common and dangerous mistakes many new FREE 10 PART COURSE (CLICK HERE) members make that can negatively impact their businesses.
Here are 3 of the most common ones we see that you should avoid when getting your first Group Home up and running:
1) Not Marketing Enough
This is HUGE. Marketing is going to be the life-blood of your business and many newer members do not realize how BIG you need to go with your marketing. We get a lot of members who have their first home and only get a couple tenants. The reason? They have ONE…maybe TWO referral sources…and sit back and rely on that one social worker or organization to send them clients. Don’t do this if you want to fill up and scale quickly. GO BIG. We recommend using the email marketing tutorial in my FREE 10 PART COURSE (CLICK HERE), build a database of AT LEAST a couple hundred contacts, and continuously market until you have as much tenants as you want.
2) Trying to Run Before Walking
We have a lot of members come to us with grandiose plans of buying an apartment complex and converting it to a large scale Group Home offering top of the line medical care, or partnering with local government programs and non-profits to completely end homelessness in their community with a large building and free resources….etc. etc. These are all WONDERFUL ideas but let’s be realistic! Have you ever flipped a home? Do you have construction experience? No? …. then you’re going to have an extremely tough time rehabbing and converting a large property! Do you have a lawyer that will help you with paperwork? Do you have political connections?? How bout a track record of successful Group Homes that you’ve previously owned? No?? … then you’re going to have an extremely tough time getting a Grant!
My FREE 10 PART COURSE (CLICK HERE) will show you how to start with as little as $1500 – $2500 or how to find a partner if you have NO MONEY (this is the PERFECT partnership opportunity for Real Estate investors) and be running at full capacity in 30 – 60 days! Having big goals are AWESOME…but without a plan they are just words! My FREE 10 PART COURSE (CLICK HERE) will give you the plan along with actionable steps you can take RIGHT NOW to have your first home running much sooner than you probably thought.
3) Analysis Paralysis
You don’t need to learn and know EVERYTHING all at once. There is a TON of material in my FREE 10 PART COURSE (CLICK HERE) and you should continuously educate yourself. But education is an ongoing journey, not a destination! Once you come up with a game plan and know who you want to market to: START! It’s a really simple concept….find a home, get it set up, market to organizations and people that serve your clientele, fill the home and manage! Don’t make it harder than it needs to be.
Think about your current job or hobby..or really anything like that in your life..you learn as you go along right? Can you imagine if you waited until you knew EVERYTHING about your current job before ever starting?? You’d never start…and never get a check! Unfortunately, this is what MANY people do when starting a business and this will hold them back for years when they could have realistically had a home filled with tenants in the first 30 – 60 days if they just GOT STARTED.
We all make mistakes. Andy made a TON of them when starting out that cost him THOUSANDS…in fact, there is a whole section dedicated to this in my FREE 10 PART COURSE (CLICK HERE). The key is to learn from them! You can do this the hard way by learning from YOUR mistakes…or the easy way by learning from others. The choice is yours!
Who Your Tenants Are and Why They Need a Group Home
Who would want to live in a Group Home??
More specifically…who would want to live in YOUR Group Home, ran out of a standard residential house??
Aren’t there fancy facilities with top of the line medical equipment and teams of highly trained staff that people go to when they need a place to live? And isn’t all of that paid by the government and social security? That’s why we pay a nice portion of our W2 checks every other week to these government programs right???
WRONG!!!
Meet Cecile.
Luckily, she had savings and a pension on top of her SSI so she could afford a facility like that. But guess what…those facilities cost anywhere from $3,000 – $5,000 PER MONTH.
As she says, “That money has gone so quickly,” the 85-year-old said.
She was able to afford to stay at French Manor Residential Care for a couple years, but now her money is drying up.
And what about those that DON’T have savings or a pension plan??? What if they are trying to live off of $1200 per month for everything??!!
“There’s a lack of availability across the board, especially in the lower-income range,” added Kim Bauml, senior care consultant/president at Options for Senior Living.
The Alliance for Senior Housing, LLC and Options for Senior Living, LLC are two area companies that make free referrals for placement in senior housing. The two organizations try to place seniors in facilities that works for their finances. (**** THIS is the type of organization you market to!!****)
“Everybody has a staffing issue,” Hintsala said. “Some of the homes have even contracted with in-home care agencies to provide extra staffing.” (**** This is what we mean by OUTSOURCING any licensed care****)
“Most places there is a wait list for rooms, no matter how much they cost,” Wilkinson said. (****There is a HUGE demand for this, and nobody is doing it!!!****)
That’s it! THIS ARTICLEperfectly explains why Andy’s business model works, why there is a huge market for it, and why we put together OUR FREE 10-PART COURSE to teach people just like you how to capitalize on SOLVING THIS PROBLEM!! You can make THOUSANDS on a home that you RENT, by helping out people just like Cecile!!
It Is May 1rst….. What Does That Mean? It Means It Is A New Month! (and maybr time to start a group home)
And Therefore time to start new projects and Learn New Things
Let’s Start With Some Basic Stats:
America is one of the richest countries in the world, yet
– 76 percent of people live paycheck to paycheck (these are the people you help when you start a group home)
– 50 percent of Americans have no money for retirement (again, these are the people you help when you start a group home)
– 47 percent of Americans don’t have $400 for an emergency (yup! Once again the people you help when you start a group home)
If these stats were true in Venezuela or Afganistan it would be one thing, but America is considered a Wealthy Country
There are 3 simple reasons for this:
1. People don’t know how to get money
2. People don’t know how to keep it
3. People don’t know how to grow it
(the above are ALL the reasons why you need to start a group home)
This is because of the financial talking heads on CNBC and elsewhere that give worthless advise and persuade you to loan them your money for 40 years with the allure of a “tax-free” retirement…..(its called a 401K)
Some of the other advise includes:
– Skipping your Starbucks and saving $500 per year
– Investing in a “Well-Diversified” Portfolio of Mutual Funds (that continues to make the mutual fund manager EXTREMELY Wealthy)
– Going to college, investing in “higher education” and taking on $40,000 – $100,000 in student loan debt in order to get a good job (which by the way, will eventually be replaced with a robot or lost when another company merges or buys out your employer)
Look, the above advise MIGHT BE right for you. If it is, then I can assure you that being independently wealthy and owning your own GROUP HOME business is NOT the path for you. You read that correctly…maybe you should not start a group home!
BUT IF YOU WANT FREEDOM, FINANCIAL INDEPENDENCE AND THE OPPORTUNITY TO GROW….. then YES, you should start a group home
Then investing in yourself and learning more about real estate and GROUP HOMES may be the right path for you.
Where to begin?
#1. GO TO MY BLOG. (CLICK HERE) It is FREE. It has a wealth of information. In fact, I am about to post 4-5 articles on it with topics ranging from interest rates, to min-set to operations. If you don’t have $149 to invest in yourself through my GOLD COURSE, then start here. It is the ONLY resource on the internet.
#2. If you are ready to grow this month and BEGIN INVESTING IN YOURSELF and learning about starting a GROUP HOME, running one or expanding your current GROUP HOME business, then check out my GOLD COURSE. From videos, to house manager interviews, to check-lists, to lease agreements to basic “how-to’s” this is THE 1 and only resource you need. Whether you are in CA, NY, Alabama, OH or TX….the same rules apply
#3. If you are already a GOLD COURSE member, or simply want to check demand PRIOR to starting (and you want to see how many leads actually come in per week) I highly recommend setting up a website. Do it yourself for $1,000 – $10,000 (along with the brain damage that comes with learning HTML, C++ etc) or simply let our staff take care of it for you. Click here to learn more about our GROUP HOME LEAD-GENERATION WEBSITE
Remember, FORTUNE FAVORS THE BOLD.
The path to start is not easy. In fact, starting is often the hardest thing you can do.
That is why you need to START TODAY.
MAKE A DECISION TODAY TO INVEST IN YOURSELF.
LEARN HOW TO PRINT YOUR OWN MONEY, LIVE DEBT FREE AND LIVE LIFE ON YOUR OWN TERMS.
The Famous George Strait (Jeff Bezos’ Cousin) once said a life living is worth living well. I say, you need to ask yourself how to Vacation Well And Create Money With Group Homes in order to get “Livin’ Well”…..
Which leads me to a thought…
A long time ago, one of my mentors told me the following:
“One Mans Trash Is Another Mans Treasure”
I listened. Why? Because the guy was worth probably $30,000,000 (Back then) and lived in a beautiful home (even he admits personal residences are liabilities)
I bring this up this morning because as I sit writing this in Napa Valley, it is ever apparent. I just looked at my phone and reviewed photos of a dilapidated property that I just acquired for probably $0.20 on the dollar……Yet here I am looking at this view
How to start a group home and vacation when you want
Yet all of this beauty is provided to me through properties like this:
Group Home Fix Up foreclosureHow to buy Distressed Real Estate For Income
A treasure that allows me to spend a week in the early part of February in one of the most beautiful places in the entire United States.
$300 dinners, wine, private limos, private wineries and 5 Star Resorts where the rich and famous live and play. Lebron James was here a few weeks ago. $10,000,000 – $20,000,000 Million Dollar homes line the hills.
I owe this lifestyle and the riches and experiences that it provides for my wife and family to my business acumen, more specifically real estate and the INCOME GENERATING POWER OF GROUP HOMES.
You see, regular real estate sounds great. People can brag. I own X dollars of real estate. It sounds great on paper. And if they sell (assuming they purchased correctly) their overall pops can be tremendous. But with capitalization rates as low as they are, someone with a $100,000,000 million empire may actually not have that much money coming in. You see, a 5 Cap building with a 4% interest (and principal) expense doesn’t leave much room. I will write on this topic at another time ( I actually know of people with $200,000,000 Real Estate Portfolios that don’t make any money)
But a $30,000 home with 8 beds and a house manager could yield you the following:
Revenues: $4,800
Utilities: $500
TV/Phone: $100
Food: $350
Rent: $500
Other: $500 TOTAL EXPENSE $1,950
———————–
MONTHLY NET INCOME: $2,850
I TEACH PEOPLE HOW TO GENERATE MONTHLY PASSIVE INCOME IN MY FREE 10-STEP COURSE
For most of my subscribers, 2 or 3 homes will set you free. Free to do what you want, when you want, with whom you want.
Want to come to Napa for a few weeks? Go for it.
Go to Maui for a Few Weeks? Go for it.
Argentina for a few months? GO FOR IT.The process takes time to get up and going and will not provide you with $50,000,000 capital gains like a 1000 unit MF portfolio very well may.BUT, it will provide you with the cashflow lifestyle that I teach people how to create….
The best part about this business is that you really don’t need any money.
You don’t need credit
You don’t need to talk with bankers
You Don’t need to put together financial statements
Those are all prerequisites when you want to buy a $20,000,000 asset.
However this business can be done with little to nothing.
You don’t need to own. You can rent the property to get started. Later down the line, I will teach you how to ramp up your game and build wealth through the acquisition of real property….but for now, LEARN HOW TO GET FREE. FREEDOM is the name of the game.
And for most people, $3,000 – $6,000 per month of passive income will do the trick.
Want to learn how to do this? Follow a free, 10-step course and get started NOW.
START LEARNING TODAY. MAKE THE DECISION TO CREATE THE LIFE YOU WANT IN 2018
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
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.
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:
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
Monetary repatriation. Trillions of overseas capital could come back to the Unites States
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.
Considering the fact that I am more than 10 years successfully running hundreds of Group Homes, people often approach me with questions. What I could notice so far is that people often don’t recognize what are their priorities at the moment. Some people get too technical and others have a high-level overview and lack of specification.
