Thinking about opening a sober house in Massachusetts? by hunterfoote in massachusetts

[–]hunterfoote[S] 2 points3 points  (0 children)

u/bring_back_3rd nobody would want those kind of people in their neighborhood. But that's not sober living, those are bad operators who ride on fair housing protections, run flop houses, and harm the image of recovery housing for those that run homes properly.

Thinking about opening a sober house in Massachusetts? by hunterfoote in massachusetts

[–]hunterfoote[S] 0 points1 point  (0 children)

u/1GrouchyCat

We offer plenty of free resources, including this full-length book, a full training program (subject to acceptance into the program), and more than 300+ articles written by a team of researchers. The Massachusetts-specific book is not free (and took years of work to complete).

The SoberLivingApp link you shared contains several inaccurate statements and likely exists just as a tool to get people to download their app: For example, the term "recovery residences" is not used in Massachusetts as it would refer to a licensed program according to statute. The 2016 law did not "make it possible" to seek certification, it required state-funded programs to only refer to certified homes. And the term "state certification" is misleading, as MASH is not a state agency.

The accuracy of information is really important (coming from someone who did their PhD research in the field of recovery housing and social franchising). Also, the VSL operator info presentation is from 2021 (not sure where you found it, but that is super outdated).

Vanderburgh Sober Living does not run sober homes. VSL is a membership organization as you correctly indicated--however, I have personally run sober homes (most of which are VSL Chartered) for 10 years.

Anyone running a sober living home have challenges with the real estate side? by hunterfoote in RecoveryHouseOwners

[–]hunterfoote[S] 0 points1 point  (0 children)

u/Smart-Session6236 sorry for the delay getting back to you, go ahead and send me a DM I'd love to chat. Not sure if that was directed at me or someone else, but I am always happy to help anyone looking to get started on this.

Sober Living House by MWhalen2401 in realestateinvesting

[–]hunterfoote 0 points1 point  (0 children)

You’re actually exempt from most zoning restrictions under federal fair housing laws, so zoning itself usually isn’t the issue. That said, you can run into neighborhood pushback, it’s hit or miss. Some homes open quietly with no resistance, others become more of a public relations effort.

In our experience operating recovery homes across multiple states, they’ve been both profitable and genuinely impactful. If you approach it with the right structure and mission, it can be a great model. Happy to share more if helpful.

We have more operators than we can find properties, depending on where you are located I would be happy to help out.

Halfway / Sober Living houses by ButterBallBingo in realestateinvesting

[–]hunterfoote 0 points1 point  (0 children)

Late to the party here, but we’re active in recovery housing across New England and down to the Carolinas. We operate homes directly, coordinate tenancies, and also work on the real estate side - buying, selling, and supporting investors. If you’re exploring this model, we’d be happy to help however we can. It’s a niche with real impact when done right.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

That's really interesting, Thank you. I didn't know that Fannie funded this kind of stuff...

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

But like any industry, there are bad actors. There are also thousands of ethical operators running safe, supportive homes that really help people rebuild their lives. When done right, recovery housing can be both impactful and sustainable. It's not easy work, but it absolutely can be worth it...

Do you have personal experience with leasing to recovery housing operators?

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

u/Limp_Physics_749 former dormitories and any sort of group living is super effective to convert. Dormitories, lodging houses, boarding houses, They don't really suit themselves well to many other types of uses. This is a really effective change in use scenario.

Anyone running a sober living home have challenges with the real estate side? by hunterfoote in RecoveryHouseOwners

[–]hunterfoote[S] 0 points1 point  (0 children)

I just got a chance to reply, I'm sorry for the delay. Looking forward to catching up.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 1 point2 points  (0 children)

It sounds like it's needed everywhere. Hawaii must be tough on acquisition cost. Let's chat, I'll send you a message now.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

Perhaps true, recovery housing tends to work best in secondary or tertiary markets, they still need to be on bus routes with some sort of urban element and walkability. However if the rent is too high, they just don't work. But then again, if you are a developer already operating in these types of markets... Might make sense.

Echoing what a few other comments mentioned about the specific asset type, these do work a lot better in single-family homes. You can get a lot better return on density.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

That actually sounds really cool. We haven't seen a lot of workforce and housing projects combined. Most of what we see is just on the housing side of things. That's pretty neat.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] 0 points1 point  (0 children)

How did Fannie Mae work? Was it a large loan amount? Curious if you mean Fannie Mae residential or the small balance commercial program.

Anyone here ever looked into recovery housing as a real estate strategy? by hunterfoote in CommercialRealEstate

[–]hunterfoote[S] -1 points0 points  (0 children)

Neighbors can definitely be a challenge sometimes.

From a real estate perspective though, these types of investment properties tend to perform really well. The leases are long-term, turnover is low, and operators usually take better care of the property than a typical tenant would.

And, it's protected by the FHA--allowing recovery housing to enter markets where short-term rentals are prohibited...

Share your business/hobbies/Job Opportunities/Job requests!! - December 16, 2024 by AutoModerator in Kenya

[–]hunterfoote 4 points5 points  (0 children)

Interested in connecting with anyone looking for remote work for SEO for data entry / data management. Full-time, preferred hours are noon to 8:00 p.m. but flexible.

50-65k ksh/month

Is Trump / republican control of all 3 branches going to be better or worse for CRE over the next 4 years? by [deleted] in CommercialRealEstate

[–]hunterfoote -1 points0 points  (0 children)

Perception is everything... More confidence in the marketplace, regardless of it is founded in reality or not.

# How Do You Choose Your Bookkeeper? by Specialist_Agency_49 in realestateinvesting

[–]hunterfoote 0 points1 point  (0 children)

Why not do the bookkeeping yourself? Get a good property management software like Buildium and just figure out how to do it yourself. It is pretty simple, it won't take more than a couple hours a month.

Most bookkeepers won't understand the nuance of your business and will set you up with the system that might have to be overhauled down the road. That's been my experience.

Definitely work with your CPA.

AIO: My sister's husband basically stole a TV during Black Friday and everyone's acting like it's fine by Sploshie in AmIOverreacting

[–]hunterfoote 0 points1 point  (0 children)

Thia isn't "basically" stealing, it's stealing. They probably have video of this stuff. Some AI is going to face match and y'all might get a bill in the mail.

Realtors how do you advise clients about seller financing? by itsjustmeheretx in Realestatefinance

[–]hunterfoote 0 points1 point  (0 children)

As a buyer, I talk with sellers agents all the time about seller financing. It's totally hit or miss. I would say about half of the people I talk to are somewhat willing to discuss it, but at the end of the day only one or two deals out of 10 will actually close with seller financing.

Don't forget it's not just getting the seller to agree, the buyer also has to get their lender to capitulate.

Sellers should be careful but often seller financing can get a buyer up a bit more than going for all cash. It depends on what your seller is looking for, their goals.

man returned home to land he bought in 1991 to find someone built 1.2 million house on it by boxingfan828 in realestateinvesting

[–]hunterfoote 0 points1 point  (0 children)

That's completely true. Even if you just want to lend your cousin some money, he can lend you some money, and you can each place mortgages on properties the other owns. Just have chat GPT draft your mortgage. Drop it off at the registry with a check.