Obviously people are joining this group with the intention of learning more about the niche. That being said, the power of this is in COMMUNITY. I’ve already learned so much from connecting with other people in here already. Who here has access to private money lenders? I’m looking to scale (both behavioral health and regular residential) and bringing in equity partners who have access to capital is on the table. Also, if you’re really good at raising money, feel free to reach out to me. Happy to learn from the community as well.

Below is a text thread of my most recent deal (sept 20). This particular operator is in CT. He’s a licensed agent and this is our first deal together. He’s a smart guy and we’ve been chatting back and forth for 6 months now. He said he found a property with great potential. He’s 2 hours from me so he walked it and sent me videos. From there, I was able to see enough that it was worth the drive to go and look at. I saw it and we put a deal together on the spot. 275k was asking We figured 100k with of work (quote came in at 80k so we were accurate) We shook hands on $5,500 for a 5 year lease on the spot. THEN I PUT THE OFFER IN. We close end of this month. I hope this is starting to make more sense to you guys. Find the operators FIRST. That’s the key. Then they can operate from a place of abundance and opportunity because they know if they find a place that works, YOU can find it. Money isn’t holding them back so they can assist in the dirty work. Although to be fair, I find the properties 90% of the time. We’re just better at it than them. But that’s ok. They are way better at saving lives than me. It’s a win win.

Attached below is the settlement agreement I entered in with a city in Nashua New Hampshire. Although I was issued a building permit in April, the neighbors complained and appealed it. From there, the ZBA wrongly discriminated against us and revoked our permit due a “zoning violation”. Although it took months and months to solve, they have signed a settlement offer and I’m being rewarded 40,000 dollars. I’m not profiting off this settlement. I’m posting this for multiple reasons: 1. Real estate is hard. This niche isn’t “easy”. Even when you do things the right way, circumstances can pop up. Life isn’t fair. Navigate and move on. 2. I’m proving that you can win these battles. Fair housing is a real thing and it’s powerful. 3. When problems arise, consult attorneys immediately. It’s easier that way and you’re taken more seriously. You’ll save money in the long run. 4. This is a single family home in a tight knit community. The house is great, however, there were signs this could be an issue (homes very close together, quiet neighborhood with no traffic other than neighbors). I suppose I’ve learned to be more thoughtful about placement. 5. I paid for all of this. It sucked. We’re getting our money back and I’ve earned the trust and respect of the operator and many other operators. I easily could’ve just sold the asset and moved on. I made a promise to make it happen so I’m doing it. I’m not saying you should be emotional and run a business with no thought process or plan. However, we navigated through this professionally and further earned respect in the recovery community.

Looking forward to Q&A tonight I have around 30BR worth of furnishings and 12 units worth of living room furniture/dishes/ect that I’d be able to offer to an operator to help them start if I find a place to build out.

🏆 NARR is a national organization that oversees all the state agencies that certify recovery homes. They are the GOLD standard of how to run a recovery home. https://narronline.org When leasing to an operator, it’s very important to work with people who are/intend to get certified. This ensures that best practices are being followed inside of your investment. The last thing you want is your name/property associated with a home that is taking advantage of people. The goal is to be part of a SOLUTION and RECOVERY. I CAN’T stress this enough. I can’t make a post that completely sums up the amazing work of NARR. It would be disrespectful for me to even try. However, you should look through this website and understand the backing they provide to operators to ensure quality recovery homes. You’ll find: - The history of NARR - About - Best practices and guidance - Standard and ethics - Advisory council - Fair housing - Policy and advocacy - MUCH MORE 💎 The National Alliance for Recovery Residences (NARR), founded in 2011, filled a void in addiction recovery services. Until then, there were no widely recognized best practices or quality oversight in recovery housing operations although this vital recovery service has existed since the mid-19th century. Using input from 48 thought leaders across 12 states, NARR created a nomenclature and standards for the range of peer-based housing and recovery residences. Establishing a common recovery residence language and service quality framework enabled providers and stakeholders to communicate more effectively and provide better and more accessible recovery-oriented housing and services based on the Social Model of Recovery – the opposite of addiction is connection. -Dan https://narronline.org/