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Funding!
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.
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6
New comment 5h ago
1 like β€’ 18h
Got it all covered construction, funding etc lets talk
Introduce Yourself! (Start Here πŸ”₯)
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! (βœ‚οΈ copy/paste template πŸ‘‡) 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 β€”β€”β€”β€”β€”β€”β€”β€” Best practices in this community: 1. Level up by posting insights and thoughtful comments 2. Help others level up by liking πŸ‘ good posts and comments. 3. Be kind 4. If you need help, just ask the community πŸ’ͺ
Poll
18 members have voted
9
68
New comment 19h ago
3 likes β€’ 2d
Hello from South coast Mass and Rhode Island. Contractor GC in RI. Done many flips and own many Multi families as well as group homes for VAs and other organizations. Also own a pharma wholesale biz and starting up DME.
1 like β€’ 1d
@Dan Murphy yea for sure man we can scale easily
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
0 likes β€’ 2d
Is that for opening a detox, clinic in a rehabbed office space ??
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Walker Khan
2
15points to level up
@walker-khan-2466
Construction Medical wholesale Multi families Sober living

Active 8h ago
Joined Oct 15, 2024
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