Cooperative, Affordable Housing – Cure For the Housing Crisis?
Here at Group Home Riches we believe that affordable, cooperative living will be the next big trend in the Real Estate business.
Our founder, ANDY (CLICK HERE TO HEAR HIS STORY) was wayyyyyy ahead of this trend but Silicon Valley is finally catching up.
There is literally BILLIONS in funding and seed investments going into this niche and Homeroom is another of many new start ups offering this type of housing.
As we often say, solving problems is one of the best ways to get “rich” and one of the biggest problems facing our country today is the lack of affordable housing.
Check out this excerpt from a recent CNN article:
Households that can’t afford to own their home struggle with rent increases that are outpacing inflation, even though millions of them have been unable to pay their rent at all because of the pandemic. And higher rents are making it all but impossible for renters to save. The typical renter saves less than $500 per year, leaving many with little to cover medical or other bills, much less save for their children’s education or a home down payment.
What’s more, the lack of affordable homes to rent or own is forcing families farther from good jobs, limiting their economic opportunity and our economic growth.
There are many different ideas of how to solve the crisis.
Silicon Valley likes to burn through millions making trendy websites and apps and marketing to hipsters.
CNN is calling for billions to be printed and managed by big government so they can save the day.
We like to just stick to what has worked for Andy and our growing community of SUCCESSFUL GROUP HOME ENTREPRENEURS for the past 2 decades.
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We like to invest in lower to middle income, appreciating communities where you would typically see a lot of rental properties.
Then instead of “selling” our properties with fancy apps & shiny advertisements, we locate those caseworkers and organizations LIKE THIS working with the types of demographics most landlords and silicon valley firms would never think of working with.
Counterintuitively, and to our advantage (and possibly YOURS) these demographics actually come with many advantages.
– HUGE demand. Look outside any metropolitan area. It’s not the college kids, young professionals, and hipsters who are in desperate need of housing
– Guaranteed payments backed up by Uncle Sam
– 5 – 10x the average rental property’s cashflow…most investors wouldn’t even believe the ROI that we get!
– Outsourced services like case management, supervision, job programs, counseling, nursing etc. Meaning LESS management for you as the home operator.
– No licensing
– You can start with little to NO MONEY!
Ready to get started and have your first home open in the next 30 – 60 days? Sign up for our FREE 10-PART COURSE!
