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Real Estate Goldmine (free)

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4 contributions to Real Estate Goldmine (free)
Thanks for the add
I missed the call tonight. I just got turned on to this Skool. I have a call set up for Friday I was going to join a paid group run by another subto member. Let’s connect 559.708.6460
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New comment 21h ago
1 like • 1d
Wooot! What up Mots! Glad you came brother!
Introduce Yourself! (Start Here 🔥)
Hi! Welcome to Real Estate Goldmine. This community helps investors of all skill levels get the tools and resources needed to invest in the highly lucrative niche of behavioral health real estate. Step 1: Introduce yourself below! (✂️ copy/paste template 👇) Where are you from? What are you currently working on? What immediate help do you need? Step 2: Check out our classrooms https://www.skool.com/realestategoldmine/classroom/1db5689d ———————— Best practices in this community: 1. Level up by posting insights and thoughtful comments 2. Help others level up by liking 👍 good posts and comments. 3. Be kind 4. If you need help, just ask the community 💪
Poll
18 members have voted
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New comment 16h ago
1 like • 1d
@Manny T You can absolutely do them subto, but I would ensure that the property is at least cash flow neutral as a long term rental with the current mortgage in place OR you have the means to pay the mortgage during the holding and lease up period. Defaulting on the mortgage will put your seller in a bad position. Of course, Subto is a very specific solution that doesn't fit the needs of every seller. Our motto is cash cash cash, terms last. Other considerations include raising money for the build out, rehab, etc with a mortgage already in place. This can work, but you would need to be building relationships for private capital in advance to put in second position or offer an equity stake
0 likes • 1d
@Siraj Ahmed She specifically uses the word, "environments" for each property. She has sucessfully built out 10, tier 3 environments in PA and is now looking into other areas. Medicaid waivers in IL are high paying so that is one reason she has identified Chicago as an opportunity
Behavioral Health Real Estate
Attached below is a great article highlighting the need for real estate in the Behavioral Health Sector. Most large behavioral health companies opt to lease their properties instead of own. Why might you ask? Two reasons really. 1. They believe their capital is better spent in providing better care to patients 2. Zoning Behavioral health (substance abuse treatment in particular) is a difficult problem to for many to understand. Patients are legally considered to have a disability. This makes them protected by the federal fair housing act of 1988. Cities are not allowed to craft land use code to specifically make rules that ONLY apply to people in recovery. However, this doesn't stop many cities from flexing their discriminatory muscles. I have faced this in the past. I was forced to sue the city and they did in fact settle prior to facing the judge. That being said, it was a pain. What does this mean for potential real estate investors or operators? OPPORTUNITY. Our operators know we are there to help them in more ways than just fixing a leaking roof. Part of the reason this is so lucrative is that it's not always easy. Sober living in particular doesn't fit into a box in the code. Legally, you can do it. Period. However, some cities make it easy, some cities don't. Often times, the city just doesn't understand what a recovery home is. There are 3 main reasons we've become so successful with this model. 1. We understand real estate (property management, construction, raising money etc.) 2. We understand what operators want (close to public transportation, enough sq footage to serve maximum clients, low start up costs to help them get the property open and stabilized). 3. We understand the laws Operators want to run their programs. Period. They are the experts in treating clients. They do the most important work. Our job is to be MORE than a "landlord". Buying a property, rehabbing it, and leasing to someone is honestly the easy part. Helping the operator navigate unruly cities. Keep in mind, most times the cities are cool. I'm not writing this to scare you. However, when the time comes where it's time to fight, you have to be prepared. Also, there are certain properties you can buy (licensed boarding houses for example) that already have the correct zoning.
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New comment 1d ago
4 likes • 3d
100%! The value proposition here is strong. You can’t wear every hat AND do them all extremely well. Building out the A-team and strong partnerships is the way to scale and be successful. Great write-up Dan and thank you for sharing your perspective!
1 like • 1d
@Dan Murphy
Referrals
Once word gets out you’re an expert and you buy a lot of property, you hardly need to do the marketing. Agents love selling houses and making money. They know if the deal makes sense I’ll buy it. Finding the house is easy. Finding the operator is what makes the fortune. Below is a screenshot from a text I got an hour ago. Agent met an operator through a friend and explained my service. I’ll be meeting them soon to hopefully set up a deal.
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New comment 3d ago
Referrals
0 likes • 3d
Yessss!
1-4 of 4
Kasandra Johnson
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6points to level up
@kasandra-johnson-5650
Alaskan STR/MTR operator. Creative Closer. Connector. Life Insurance Licensed for all of your wealth protection needs.

Active 23h ago
Joined Oct 14, 2024
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