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Updated over 5 years ago on . Most recent reply

Kendra M Adams's profile image
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Kendra M Adams
  • Member since Mar 6, 2019
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Kendra M Adams
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Multi-Family and Apartment Investing

Thoughts on investing in a group home?

Kendra M Adams
Posted

Thoughts on investing in a group home? Any tips?

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Trevor Ewen
  • Rental Property Investor
  • from Weehawken, NJ
  • Member since Apr 4, 2014
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Trevor Ewen
  • Rental Property Investor
  • from Weehawken, NJ
  • Member since Apr 4, 2014
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Trevor Ewen
  • Rental Property Investor
  • Weehawken, NJ
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Trevor Ewen
  • Rental Property Investor
  • Weehawken, NJ
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@Kendra M Adams

Many smaller group home operators rent properties from single family owners. From what I have heard, it is a great strategy. I had pursued it briefly in the Richmond, VA suburbs before moving on due to lack of passivity (finding providers and homes is more active than I was ready for at the time). Once it's setup, it's usually a good tenant.

The tips I heard (from the housing side). This is in regards to adults with disabilities. Quiet suburbs are preferred. Backyards are a nice value-add. Ranch homes are much easier to get approved. 4 bedrooms are the typical unit type. 

Finally, there was a great bigger pockets podcast on this topic in 2015.

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