How To Start Sober Living Homes With Zero Out-Of-Pocket Cost

Also you can look at leasing versus buying or maybe doing a joint venture. And so we have a lot of folks, a lot of students right now doing creative finance, seller financing deals, subject to deals where they're able to kind of negotiate a lower down payment than the 20% a traditional loan might need. But also they can negotiate those terms and they can take over like a 4% interest rate, even though today's rates might be 7%. I've done this personally and we've taught our students how to do that and it's really been cool to see them have success doing it. But you can also lease. We have a lot of students who are doing rental arbitrage. They are negotiating a two or three year lease with the landlord coming in, sometimes with even six weeks of free rent, like nothing new upfront, so that they can furnish the property, use a business credit card to furnish the home, and in many cases have people move in and start making money before they ever have to have a true out of pocket expense. So there's ways to do this with very little money, but preferably you would have at least a cushion. Some savings. I started off with savings. Even though I didn't use my own money, I was able to keep it and have that be kind of just something where I could sleep well at night and know that if anything happened I could cover costs in the future.