Halfway House/Residential Treatment Facility Investment
Has anyone heard of investing in residential treatment facilities (group homes)? These facilities would offer services to adults with disabilities like mental retardation or down syndrome. Supposedly, Medicaid reimbursements are quite high and you can put two people to a room. I read somewhere that the reimbursement for each person is something like 3K a month. However, this may be totally inaccurate. Does anyone own these and how do they work?
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Hi Reid,
Steve B. is right I've been running a drug & alcohol recovery house for close to 3yrs. with my eldest son, & we find it very rewarding. The key is the on site manager. We are privately run & considered a single family residence as the residents are a protected class under fair housing since the residents are considered disabled while in recovery. Hope this helps.
DVH