Make Bank with Group Homes - Jim Boad

About this episode

Christine McCarron interviews Jim Boad about the business of sober living and group homes, discussing its high ROI and operational strategies.

In this episode of Get Your FILL, Christine McCarroninterviews Jim Boad about a non-conventional real estate niche: sober living and group homes. Jim has opened 14 homes in two years and now helps entrepreneurs navigate this high-impact, high-ROI business model. Key Concepts Sober Living vs. Inpatient Treatment: Jim clarifies that group homes are not detox centers or drug clinics. They are the "bridge" between professional treatment and long-term sobriety, providing a structured, co-living environment for those already clean. The Business Model: Investors can either own the real estateor rent properties to sub-lease (arbitrage). Boad emphasizes hiring external staff to enforce rules rather than relying on a "house leader" who lives on-site, ensuring a professional investor-level operation. Cash Flow & ROI: Unlike traditional single-familyrentals, group homes operate on a "rent-by-the-bed" model. Jim explains that a 5-bedroom house that might rent for $2,500 traditionally can generate upwards of $8,500 per month by housing 10 residents at $850 per bed. Funding & Grants: Most residents arrive with 2–6 monthsof prepaid rent from inpatient…

People in this episode

Host: Christine McCarron

Guest: Jim Boad

Topics covered

• group homes
• sober living
• real estate
• business model
• cash flow
• ROI

Keywords

• sober living
• group homes
• real estate
• cash flow
• ROI
• addiction
• business model

Mentioned in this episode

Organizations: Americans with Disabilities Act

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