I can already see some of you now just cringing over the title. You grew up hating school, I get it and you know what I did too. But I realized that school was often not giving me practical knowledge or teach me in a way best suited for me. The same may be true for you but you can’t let it take away your curiosity and your love for learning. Otherwise, If you don’t believe me look at any young child! As a matter of fact, they all love to learn and imitate others. Then we get older and we feel that with age we no longer have to learn. Moreover, we wonder why we don’t see the change in our lives. Kids change constantly because they are always learning more. You stay the same because you refuse to learn more. Consequently, we are going to change this today! After watching this video you will no longer just wish you were in our course, or just ponder the idea but you will jump in head over heels because you understand that successful people “LEARN MORE” than the average person.
Tag: home
How To Meet Bankers and Investors
The beauty of the assisted living, transition home, care home and group home business (whatever you want to call it) is that it takes a “MINIMAL AMOUNT” of capital to get started. As a matter of fact, we have been doing this for years. In particular, teaching, training and consulting others on this business model as well. Moreover, as you should know by now you can simply go out and rent or lease a home and turn it into a care home. YOU DO NOT NEED TO OWN THE REAL ESTATE.
Want a Video Tour of Our Group Homes? Watch This!
The group home business is not a fancy one. A lot of people make the mistake of spending too much money to furnish their homes. Forgetting the fact that many people living in group homes are coming from tough situations. Furthermore, they don’t need fancy plush carpets or stainless steel appliances. What they need is food and a roof over their head. The question is when are you going to get serious about helping these people? There is nothing stopping you from operating a home just like the one in this video. The tour is meant to break down how easy this can be. We can have you moving forward with your first group home in no time.
Continue reading “Want a Video Tour of Our Group Homes? Watch This!”
The Law of 33%
For success in life, it is vital that you spend time with people at different levels. The fact that you are reading this means you want to better your life. The reality is that you probably spend most of your time with people playing the game of life at a lower level than you. They are not trying to grow, they may hate their life and their job but they just keep going because they feel they have no other choice. Being a group home owner actually puts you in a perfect position to apply the law of 33%.
Take A Sneak Peak at Some of Our Group Homes
We were doing some visits and walkthroughs in a few of our group homes, and I thought it would be great if we took some pictures for you. The first thing you will notice looking at the following pictures is that Group Homes are NOT fancy. We talk about this in our books. Many of these people are coming from tough situations, and they need a roof over their heads. Spending money on anything that will cause you to have to raise prices, is not to your advantage. Scroll through these pictures, and we will go more in detail at the bottom of this post.
Continue reading “Take A Sneak Peak at Some of Our Group Homes”
Group Sober Homes & Additional Revenue Streams
Are there other ways to generate income and revenue from sober homes other than through Rent?
In a simple answer Yes! However, it really depends on what type of group home or sober homes you are operating as well as the location.
For starters, let’s assume that you are interested in starting a group home or a halfway home. Initially, you would like to simply get into the business because you realize that you can have a direct impact on people’s lives and help them improve their standard of living. You also realize that you do not yet “know all there is to know”, so you have decided to start small – with a minimal investment – in order to get your group home started up and therefore go after the higher functioning population rather than starting up an ICF/MH home which requires a lot more knowledge and insight. For example, maybe you would like to go after people with disabilities such as alcoholism.
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Interested In Starting A Veteran Group Home?
What is CWT and how does it allow me to open a Veteran Group Home?
You will hear this over and over in our articles. You need to NICHE to get rich. Well, remember, within “niches” you also have “sub-niches.” So you are obviously interested In real estate. Otherwise, you would not be on this website.
Real estate is a niche. You have evaluated many different real estate options or opportunities including “flipping” and “wholesaling, ” but for some reason or another, they just aren’t for you. You might have realized that a lot of these so-called “flippers” really aren’t making much money at all. Maybe you have realized that many of them are possibly buying correctly, but then getting taken advantage of by the contractors.
Maybe they are buying precisely, have the contractors in place to do the work, but they are paying out 13% hard money interest (Not including the up-front points!) and have no money left-over after selling. Heck, maybe they have cheap financing in place, great contractors and they are buying right…..but they do not have any retail buyers. Wow! See how much can go wrong in this equation? Heck, maybe they have the retail buyer already lined up, the contractors are great, they bought the property for cash with an equity partner and they are in it at 70% LTV…….but now the federal government is shut down and the govt. backed loan programs have been put on hold!
Do any of these problems sound familiar?
Well, if you look around at the wealthiest guys out there – Warren Buffet, Carlos Slim, Donald Sterling, etc. you will find that these guys are not asset traders. As a general rule, they are looking to get their initial investment back in as short a period as possible. After that, they are essentially playing with the house’s money. So what does any of this have to do with finding your niche?
Well, group home, transitional living homes, care homes, sober homes and other “care-related” group homes are a niche within the real estate industry. Now, if you want to focus in on a “sub-niche” of this sector, you could begin targeting particular types of people. One great niche to target are the returning veterans that need housing!
Why not help out not only your community but also your country and provide group homes and housing for this population?
Programs for Veteran Group Home Owners
Great question. And the more you learn about these programs, the more you begin specializing in a niche. Much the same way doctors specialize in orthopedics, dermatology, etc. you can now begin specializing in VA group homes that provide housing for veterans. Quite possibly, you may specialize in providing group homes for disabled veterans. Another niche.
CWT
The CWT program stands for compensated work therapy. Veterans in the CWT program are paid for vocational re-training. They are then provided a group home environment (THIS IS WHERE YOU COME IN!) so that there rent is paid for. For example, let’s say that you live in Colorado and you are interested in helping out veterans and providing group home transitional living for them. You would want to check out this link
http://adm.elpasoco.com/VeteranServices/Pages/HomelessVeterans.aspx
and then reach out to the primary point of contact at the local VA to make your introduction. How do you know whom the person is that you need to speak with about opening up your group home for vets or even disabled vets? It would be Jack Freeman, in Colorado Springs! How do we know? Because we have done the research and can help you with this!
GPD
GPD is the VA’s grant per diem program which pays you a daily rate for each veteran that you provide housing for at your transitional living or group home! From the governments website:
“ For supportive housing, the maximum amount payable under the per diem is $43.32 per day per Veteran housed. Veterans in supportive housing may be asked to pay rent if it does not exceed 30% of the Veteran’s monthly-adjusted income. “
Again, the goal and mission of group home riches is to provide you with the information that will allow you to become rich not just financially, but spiritually as well. By providing housing for veterans you would receive $1,299.60 per veterans for each 30 day month. Now, assuming you are providing housing for 7 veterans in one of your homes, you would have a gross income of $9,097.20! This is why there are riches in the niches!
HCHV
The government’s goal is to end homelessness, and they are looking for you to help them out. Don’t believe it? Just check out the number of RFP’s for contracting opportunities with the VA! They have MILLIONS AND MILLIONS of dollars budgeted to assist with this…..and the best part? Even if there is not a formal RFP in place, they still need people like you to assist with providing group homes and transitional living in a residential environment for vets and disabled vets.
What’s in it for you to run one of these homes? Why wouldn’t you just provide housing to a traditional renter? Watch this video to see the amazing outcome this business model will have on your community AND your wallet:
If you are looking for additional information on how to start a veteran group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other type of care home for people with disabilities; check out our FREE 10-PART COURSE on starting your very own income-generating group home
Interested in Starting a Group Home for Foster Children?
Starting a group home for foster children can be incredibly rewarding. Both emotionally, spiritually and financially. However, it can also be sad, as often you will build a bond with the child who will usually only live at the foster home temporarily.
Although you may be interested in starting a foster home, you might be wondering why there is such a significant need or demand for foster homes. The answer is simple. Many people have children without taking the time to consider what needs they will have and if they can sufficiently caring for the children. If the children are not able to remain safely at their house with mom and dad, the state department will provide the child with an alternative family that will take care of them. This could be your family and home!
Continue reading “Interested in Starting a Group Home for Foster Children?”
