How To Lose $10,000 With Your Group Home

A Small Trick to Save a Lot of Money with Your Group Home

I’m sure you’ve heard it before, “More millionaires have been made through Real Estate than any other business”…something like 90% of millionaires have amassed wealth through Real Estate is some form or fashion.
One of the common strategies is called “Buying and Holding” or more simply, becoming a landlord.
You mortgage a home, pay the debt down each month to build equity, and then rent the home to someone else for more than the mortgage.
This is a great long-term strategy to build equity (the value of the home that is debt free) but in the short term can come with MANY headaches the gurus will not tell you about!
I have a family member that owns about 50 units with a business partner. They spend the majority of their “free time” handling tenant calls, calling maintenance people, doing the maintenance themselves sometimes, calling maintenance people, collecting rent, rehabbing properties, yelling at construction workers, filing evictions, going to court ETC ETC.
They’ve built a nice portfolio on paper and are doing quite well in “Equity”.  Guess how much they NETTED in cash flow last year though???
ZERO. In fact….they actually LOST MONEY. How could that even be possible you ask??? Watch THIS VIDEO HERE above to hear a situation Andy recently went through on one of his traditional rental units and you will see why!! Make sure to subscribe to our channel for more free content!
One of the many advantages of starting a Group Home is that you will avoid this situation! With the techniques taught in MY FREE 10 PART COURSE you will get a GUARANTEED PAYMENT every month typically from the government and if someone does not pay or breaks the house rules you ask them to leave! Thats it! No evictions, no court costs, no chasing down tenants each month for a check….and on top of that…it’s a way to cash flow THOUSANDS each month instead of hundreds (or negative in my family member’s situation).