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Q&A w/ Dan! is happening in 5 days
NIMBY’ism—Your most difficult hurdle
The “Not in my backyard” mindset will be the biggest challenge when investing in this business. It’s very important to lease to operators who either: A. Have a good relationship with the community B. Have the skill set and preparedness to make the neighbors feel comfortable and BECOME part of the community. From my experience, cities don’t really care about sober living. It’s very difficult to argue against the benefits of a good sober living home. Certainly nobody can deny that our mothers, fathers, siblings and children are dying from addiction. Sure, they will want to satisfy life safety code. However, they are ok with you helping people if done the right way. What screws up deals? The neighbors. Be smart about where you choose to do business. More importantly, be smart about who you choose to lease too. I work with some operators who are TENACIOUS about advocating for themselves and their new home (your investment). Others are more passive. You want the tenacious ones. The ones who have a burning desire to help others and will assist in the fight. They are the ones operating the house. They are the ones who can accurately depict the rules, regulations, process and why the neighborhood will not be negatively affected.
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Thank you Dan!
Appreciate you giving me a call today, @Dan Murphy! To everybody else in here, take action things don’t happen to you. They happen because of you.
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Anybody looking for creative deals?
Where and how can I help? I have cash deals as well, but let’s reverse engineer your goal.
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I need MORE
@Dan Murphy #LFG i’ve consumed everything that you’ve put out let’s fucking go!
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New comment 14h ago
I need MORE
Settlement Agreement
Attached below is the settlement agreement I entered in with a city in Nashua New Hampshire. Although I was issued a building permit in April, the neighbors complained and appealed it. From there, the ZBA wrongly discriminated against us and revoked our permit due a “zoning violation”. Although it took months and months to solve, they have signed a settlement offer and I’m being rewarded 40,000 dollars. I’m not profiting off this settlement. I’m posting this for multiple reasons: 1. Real estate is hard. This niche isn’t “easy”. Even when you do things the right way, circumstances can pop up. Life isn’t fair. Navigate and move on. 2. I’m proving that you can win these battles. Fair housing is a real thing and it’s powerful. 3. When problems arise, consult attorneys immediately. It’s easier that way and you’re taken more seriously. You’ll save money in the long run. 4. This is a single family home in a tight knit community. The house is great, however, there were signs this could be an issue (homes very close together, quiet neighborhood with no traffic other than neighbors). I suppose I’ve learned to be more thoughtful about placement. 5. I paid for all of this. It sucked. We’re getting our money back and I’ve earned the trust and respect of the operator and many other operators. I easily could’ve just sold the asset and moved on. I made a promise to make it happen so I’m doing it. I’m not saying you should be emotional and run a business with no thought process or plan. However, we navigated through this professionally and further earned respect in the recovery community.
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New comment 21h ago
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