Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago on . Most recent reply

User Stats

18
Posts
12
Votes
Justin Sofman
12
Votes |
18
Posts

Anyone try sober living home?

Justin Sofman
Posted

Hi all - I’m kicking around the idea of buying a big single family home and offering housing for sober living. People in recovery need a place to stay free of drugs and alcohol. From what I understand, it’s common to place 2 beds in each room and charge weekly/monthly. Returns are higher but the downside is that it’s more hands on. 

While my primary goal is to make money, I have a soft spot for those with addiction. I see this as a chance to do some good and make better money than if I were to go the traditional route. 

Anyone tried their hand at a sober living house? I’m finding it difficult to find examples of people doing this. 

Thanks in advance BP!


-Justin

Most Popular Reply

User Stats

2,252
Posts
1,272
Votes
Jason Wray
  • Banker
  • Nationwide
1,272
Votes |
2,252
Posts
Jason Wray
  • Banker
  • Nationwide
Replied

Have you looked into the comprehensive and liability insurance for that type of property/business?  I have seen several fail due to lawsuits and insufficent coverage.  Have you looked into assited living facility as they are far more profitable?

Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues. (Not all states).

  • Jason Wray
  • [email protected]
  • 727-637-4289
  • Loading replies...