Recovery houses/ Sober living houses

[Charles Kappe]

Hi there!

I am looking for financing or a partner in opening up multiple Recovery/Sober living houses in my area. Currently I am working along side a friend running a sober living house in North Wales, PA. It is a house that is 5 bedrooms, 2 bathrooms and holds 10 young adults that are in recovery trying to learn to live sober. My part in this I currently live in the home making sure to minimize risk of investment. I have ran these style of houses for over 2 years. I ran a 30 tenant community and very seasoned to the day to day processes so I have a process in place to help these young men get back into the world and live as productive members of society. They must get jobs within the first two weeks of living in the home, attend 12 step based meetings, submit to drug/alcohol testing and if failed they are immediately to vacate from the property to a treatment facility. This property was purchased through conventional financing, 203k. 100k purchase price and 50k factored in for rehab. The property was appraised at 205k. There is 55k of equity in the home currently. The mortgage payment is $1300 per month and all expenses included are about $2000 per month variably. We provide all bedding, toiletries, 1 meal 5 days a week and keep normal food around the house. We charge $150 per week, $600 per month per tenant. Bringing in about $6000 per month. After expenses we clear approximately $2700 in profit each month. I am looking to continue this process on in the community I live in as well as branch out across Montgomery, Chester and Philadelphia counties. I want to branch out individually on my own and start these houses due to the lack of houses in Montgomery county for recovery. We are one of the first ones to get approved to open one in Montgomery county so the competition is very minimal if at all in Montgomery county. IF you are interested in this idea to become a partner or to finance you can contact me or if you have more experience in this field I'd love to hear from you. Private message me or send me an email.

Thank you in advance,

Charles Kappe 

[email protected]