Finding a Foreclosed Property and Fixing It On The Cheap = More Monthly Group Home Income

Back on Feb 11th, I put out a quick blog post on how to lower your group home rent with foreclosures – (which can be found here) and I discuss the techniques and strategies that you need to implement when finding, financing and fixing foreclosures. In fact, the above photo (and the below ones) are of the same house shown on Feb 11th. This is how you can make a fortune with your GROUP HOME, sober home, assisted Living or care home business……by keeping the rents low!

The reason why this is so critical is because if you can keep your rent costs LOW, you will have more profit (read: spendable income) at the end of each month for your group home business. 

EXAMPLE:

If your 10 bed group home was purchased for retail value – i.e. $150,000 – your monthly payments will be in the neighborhood of $1,200 – $1500 per month

If you purchased this same home for $60,000 and spent $10,000 fixing it up, your monthly payments will be in the neighborhood of $500 – $700 per month. Yup, you just lowered your group home rent to the tune of $6,000 – $10,000 per year. 

$500 – $1,000 PER MONTH

Yes, finding properties at a discount and learning how to fix them up on the cheap is CRITICAL when it comes to producing cashflow. 

 

I am here to show you it can be done. Yes, you can lower your group home rent by simply negotiating good deals and fixing them up on the cheap. 

Here are a few photos from today when I stopped in to check in on the progress

group home kitchen

   


It hasn’t even been 3 weeks and the property is nearly 100% complete as you can see. The total cost? Probably $1,700 in material and so far about $6,000 in labor. These are real #’s

These are the tricks and techniques that I teach in my GOLD COURSE. 

You also have email access to me once you are a GOLD COURSE member. What do I mean by that? You can email me and ask questions. Questions like:

– How much should I pay for interior paint?
– Are there any baseboard alternatives you recommend? (baseboard is expensive)
– Should I cover up the cracks on the outside with cement? (No – use liquid nail first)
– Andy, what type of flooring should I use for my group homes? (DONT USE CARPET)
– Andy, how much should I pay for tile install? What should be material costs be?

Look,  stuff like this takes YEARS to figure out. 

If you have a MENTOR that is GUIDING YOU like I do in my GOLD COURSE, you can save TIME, ENERGY, MONEY AND EFFORT. 

GIVE YOURSELF THAT GIFT