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How Yazz Grew a Million Dollar ALF Empire
Manage episode 332922507 series 2853214
If you've been following us for a while or are a Gold Course member, than you should know the basics of our simple business model.
In short, we are simply landlords on paper but through our marketing we provide affordable, cooperative housing to a number of different demographics. Veterans, Transitional Housing, Sober Living, Senior Housing, MHMR are just a few of the most common examples. Although many of our tenants do need services that require licensing and/or professional certifications, rather than provide those services ourselves, the tenants simply receive the services they need via outsourced medical professionals. This allows us to provide housing to ANY demographic that is need while avoiding all of the red tape, licensing, paperwork, and staffing required to provide medical services.
If you've spent any amount of time online researching how to start a Group Home, chances are that the instructions you've found are how to start a LICENSED facility. As you know, this process can seem very confusing. There are a number of advantages and disadvantages to each business model. Our founder has chosen the unlicensed route because it was much simpler to start and to scale. He's able to run organizations of 10-20 homes with essentially 1 other employee.
HOWEVER
The biggest advantage to running an ALF (Assisted Licensed Facility) is the sheer amount of dollars that they bring in. Most Real Estate investors would snicker at Andy's profit and loss statements, suspecting them to be scams. If they saw the type of numbers Yazz did they would laugh him out of the room! The ROI is simply unbelievable.
On the very conservative, lower end, Yazz's properties brought in ~10k/mo. That's the LOW END. And he ran 9 of them for 10 years. Do you see why he is retired now??
Yazz's story is truly inspiring. His parents migrated here from Cuba and got into the medical field. Yazz actually started in Aviation, but after that industry took a hit with 9/11, he fell into the family business.
You have probably heard us say that "there is a lot of money in confusion" and after working with Yazz, of course we're finding out that the same motto rings true in the ALF industry. There are a number of bureaucrats, Real Estate agents, construction crews, sprinkler companies, lawyers and consultants that will happily suck your time, energy and CASH while getting an ALF started. We've had some Gold Course students literally lose 6 figures and years out of their life.
We actually learned while recording this podcast, that Yazz was able to skip allllllllll of that BS and start his empire by leasing his first property with only $2,000 down.
You will learn more on this 45 minute interview then you will spending months, if not YEARS doing your research online or going back and forth with government bureaucrats.
Now imagine what it would be like to personally work with Yazz....
CLICK HERE for more information on that :)
73 episodi
Manage episode 332922507 series 2853214
If you've been following us for a while or are a Gold Course member, than you should know the basics of our simple business model.
In short, we are simply landlords on paper but through our marketing we provide affordable, cooperative housing to a number of different demographics. Veterans, Transitional Housing, Sober Living, Senior Housing, MHMR are just a few of the most common examples. Although many of our tenants do need services that require licensing and/or professional certifications, rather than provide those services ourselves, the tenants simply receive the services they need via outsourced medical professionals. This allows us to provide housing to ANY demographic that is need while avoiding all of the red tape, licensing, paperwork, and staffing required to provide medical services.
If you've spent any amount of time online researching how to start a Group Home, chances are that the instructions you've found are how to start a LICENSED facility. As you know, this process can seem very confusing. There are a number of advantages and disadvantages to each business model. Our founder has chosen the unlicensed route because it was much simpler to start and to scale. He's able to run organizations of 10-20 homes with essentially 1 other employee.
HOWEVER
The biggest advantage to running an ALF (Assisted Licensed Facility) is the sheer amount of dollars that they bring in. Most Real Estate investors would snicker at Andy's profit and loss statements, suspecting them to be scams. If they saw the type of numbers Yazz did they would laugh him out of the room! The ROI is simply unbelievable.
On the very conservative, lower end, Yazz's properties brought in ~10k/mo. That's the LOW END. And he ran 9 of them for 10 years. Do you see why he is retired now??
Yazz's story is truly inspiring. His parents migrated here from Cuba and got into the medical field. Yazz actually started in Aviation, but after that industry took a hit with 9/11, he fell into the family business.
You have probably heard us say that "there is a lot of money in confusion" and after working with Yazz, of course we're finding out that the same motto rings true in the ALF industry. There are a number of bureaucrats, Real Estate agents, construction crews, sprinkler companies, lawyers and consultants that will happily suck your time, energy and CASH while getting an ALF started. We've had some Gold Course students literally lose 6 figures and years out of their life.
We actually learned while recording this podcast, that Yazz was able to skip allllllllll of that BS and start his empire by leasing his first property with only $2,000 down.
You will learn more on this 45 minute interview then you will spending months, if not YEARS doing your research online or going back and forth with government bureaucrats.
Now imagine what it would be like to personally work with Yazz....
CLICK HERE for more information on that :)
73 episodi
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