706: Turn Single Families Into Recovery Homes

Jim Boad is a no-nonsense entrepreneur on a mission to transform lives through housing. As the founder of Shelton Housing First, he’s launched over 14 recovery homes in the last two years, with eight more on the way. People move into recovery homes when they leave short-term treatment centers, and there aren’t nearly enough of them. Therefore, many of these homes have waiting lists. They’re rented out by the bedroom, typically with two residents per room. As a result, they generate vastly more income than typical single-family homes and generate considerable profit. Jim Boad has also authored “Group Home Accelerator”, a book that teaches others how to get into this growing business.