1 Woman, 1 Group Home, 2nd Chances & 6 Figures

1 Woman, 1 Group Home, 2nd Chances & 6 Figures

Group Homes, where the owners do not have a license, AKA “Personal Care Homes”, AKA “Adult Foster Homes” and AKA “Unlicensed Group Home” are legal in all states.

They are protected by the Fair Housing Act, in most areas needed, and often get a bad rap in the news.

Typically, if you google any of those terms, you’ll get a plethora of headlines about homeowners that leave their tenants in squalor, perform activities that require a license they don’t have, or just plain false advertise about their services.

THIS IS ILLEGAL AND YOU WILL DESERVEDLY BE SHUT DOWN IF YOU DO ANY OF THESE

BUT…

Every once in a while, you’ll get an honest story that explains how the majority of Group Home owners operate…which is just honest, hard working folks trying to earn a good living running a business they can feel good about!

Below is an excerpt from one of these examples. The story is mostly written from the point of view of the tenants, but I want to highlight  the owner, Amy Bacashihua.

She is not a FREE 10-PART COURSE member….that we know of….but she is doing exactly what we teach. In a nutshell, market to organizations that serve your target market (like LA Family Housing in this example). Set your home up for roommates.  This would be affordable to your tenants and profitable for you. Provide GREAT service. Collect a nice guaranteed income from those organizations like LA Family Housing, or the Government (SSI in this example). Do some simple math and you’ll see that

Amy brings in $10,000 per month!

From the article:

The home is owned and operated Amy Bacashihua, a woman who ran group homes for the elderly most of her life. She currently has ten tenants and beds at a base rate of $1,000 a month – but has a policy of leniency motivated by her Christian faith.

She’s giving the Valentinos a significant break on the rent, and LA Family Housing are giving them supplementary assistance for a couple months until the couple can save money. She also accepts rent by way of Social Security or disability insurance.

A welcome sheet and mission statement for the home calls it a “collaborative housing program” and “a never-give-up experiment to reduce homelessness among a diverse group of people in the area who are unable to afford housing by themselves.”

Tenants do not sign a lease but must have some form of monthly income, stick to two to a room and “follow a set of rules, including doing chores and attending counseling sessions.” Bacashihua, who lives at the home, said she sometimes struggles to manage behavior issues related to substance abuse.

“I do it because I have hope that they can get out of this situation,” she said from outside the home Tuesday, suggesting the model is part of a growing network of shared low-income housing serving formerly homeless people.

You can read the full article HERE, and to get started on YOUR path to Group Home Riches.