1 / 3

Group home riches pdf

Group home riches pdf

25324
Download Presentation

Group home riches pdf

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How To Start A Halfway Home ? On your journey on how to start a halfway house for inmates and work for yourself, the first question is what niche you specifically want to target. Remember, a halfway home is simply a name. We mean by that; improvising the idea for how to start a halfway house for inmates can be tossed with several things! It could be a sober home for individuals with sobriety issues, or it could be a home for people transitioning out of jail. So, more things get considered while you think, how to start a halfway house for inmates, right? Similarly, one could learn how to start a halfway home for people with a chronic mental illness where there is a more significant need for residential support services and possibly staff. Again, as you have heard us mention in all of our articles, the most (or at least one of the most important) things that you can do is decide who you want to be when you grow up! What we mean by that is, what demographic do you want to serve? For more information visit us

  2. costs per person Is there any money to be made with group homes, transitional homes, sober homes, halfway houses, or MHMR homes? Don’t let them fool you! Let’s get into the high-level details. A 30,000-foot level – of the financials behind running group homes. How about analyzing the group home cost per person? Businesses come in all shapes and sizes. Whether it is a developer of the land who purchases large tracts of land, it entitles it and sells it off piece by piece. Visit our website Understanding The Money The group home, assisted living, halfway house or transitional home business is the same from a generic standpoint. Let’s take a standard property, for example, a four-bed, two-bath home. In a typical Texas neighborhood, this property will rent for anywhere from $1000 – $1350 per month. Unfortunately, most features of this nature will cost between $115,000 – $155,000. Without a substantial downpayment, this property will eventually be a money loser every month before any potential appreciation or capital gain. However, let’s assume that you decide to start up an assisted living company, group home company, or something of that nature and rent out the property by the room? What if the rent you collect is $600 per month? Moreover, the bill would make more sense if calculated as group home cost per person. BINGO – Hopefully, you are getting the point. The property now brings in over $2400 per month.

  3. The Opportunity is There for You to Take Although we are only touching on the high-level financial aspects of care homes, nursing homes, group homes, and MHMR homes, it should be fairly clear and obvious that even the owner of a small group home with six residents can make a lot of money with minimal hours with the calculation of group home cost per person. I will let you do the math on seven clients because at $600 per month and a small $950 per month rent or mortgage payment. Now you must also remember that a “group home” is simply a generic name. Within the “group home” industry, there are hundreds of different “sub-niches.” Also, consider that “group homes” are simply a sub-niche of the real estate sector. That said, each “sub-niche” will have different problems and solutions as well as differing amounts of work required to make the operation run. Student “group-home” living will be relatively passive, as will be elderly group home housing in the 50 – 65 age range. In contrast, violent housing ex-offenders in a group home would potentially be more lucrative but would require more staff and, therefore, management time. These are all things to consider when determining how much money can sweep in a while calculating group home cost per person! If you are looking for additional information on how to start a group home, halfway home, transitional living home, sober home, foster home, ICF/MR home, DADS Home or other types of the care home for people with disabilities, check out our free course on starting your very own income-generating group home by  going to www.grouphomeriches.com and clicking on the free wealth-building course. Visit our website CONTACT US- Email: https://www.grouphomeriches.com/ Website:https://www.grouphomeriches.Com/

More Related