Sober Living Investment
Hey BP,
I'm a STR Manager & investor, and wanted to share a fun project! We came across a large single-family residence with two kitchens, right next to a commercial zone, that was previously used as a sober living facility. I have a soft heart for those who deal with these struggles, it felt like a meaningful way to combine doing good with smart investing.
With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact. I gave the house a harmonious name, & so far it has cash flowed from day 1.
Does anyone here invest in sober living? As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health. The City seems open to it as long as the contracts are structured the right way. I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.
Looking forward to hearing your thoughts! Any horror stories or good wins in this niche?
Keith Mintz
Most Popular Reply
hey @Keith Mintz A couple investors on the forum that come to mind (among many others) are Noah Laker and Michael King.