I heard you on the Group Home Riches podcast, I'm a veteran and planning to go this route. I set my business up 2 years ago and I didn't know what to do next. Still trying to find a property. Thank you so much for your time and energy doing this video. It really answers so many questions.
That's awesome to hear! I'm glad the voucher and your landlord have worked out for you! I'm surprised he would be reluctant after his experience working with you on it. I think it's a great program!
my local housing authority claims I can’t house more than one voucher holder per location. This doesn’t seem correct. Lots of space and 1 bath per bedroom- can’t see why there is such a limitation.
OMG you're in Indiana? I'm in Indianapolis!!! I've been working on a green energy job training program for homeless veterans in my dream is to house them and give them jobs please please please help me!!!
Happy to help with any questions you have! My first suggestion is to reach out to the local HUD/VASH office in Indianapolis. It's run by a handful of social workers, and I would schedule a time to sit down with them and learn more about the need, how many vouchers are given out monthly, payment standard, how to best work with them. If you can set up a solid partnership with them, that is a great place to start! :)
I don't have the funding right now to finance buying properties but I know there is a way to make this dream come true with help from a person like you
Thank you so much on this video about Vetrans housing and the best take i got in from this video was the Hud vash program, I've never heard of it before this video
Perfect! Really glad to hear it was helpful. HUD/VASH is a great program if you learn the in's and out's of it and make the program your ally in your business!
Si you have an issue providing me info. I was looking to buy a home in Mileaulkee, Memphis or GA. I spoke to someone at Oxford house. I want to guarantee tenants before I buy a home. I live in NYC but not landlord friendly
I'm sure you will cover this in the video but my idea has been to start out housing veterans and giving them something like a landscaping job to do and providing breakfast and dinner and a daily lunch per diem
That's a great idea! I know the owner of Veteran Roasters Coffee in Chicago. He only hires homeless veterans to roast and ship the coffee and it's a win/win. I would look them up, great company with a similar concept!👍
Your voice, when using is coming in as mono on Left, and the music is coming in as mono on Right. It's very difficult to comprehend you. But great info 👍🏻
Good video, just liked! :) Definitely got some solid info here, thanks so much for the content. Keep up the great work, and I look forward to future content!
Dang, sorry to hear that. It is based on supply and demand, so hopefully that means that the demand from homeless vets isn't super high there, which is great!
I am currently looking at all of my options to help homeless veterans in my area, including a small home community. Having this as another option for those who would prefer not to live in a community is a great idea. If you have any suggestions I would be open to them. I am also a licensed Realtor in my area, Newark, Ohio. Thank you
That's awesome and very fulfilling work that you are pursuing. I would recommend reaching out to the HUD/VASH office in your local market to find out where the need is, what the payment standards are, how many voucher holders they have and how many new ones they accept into the program. Figuring out the details of the program you want to build your business around first is key. Hope that helps!
Transitional home. Instead of renting to one person per home. Try renting each room for a certain amount for example $1000 per room if the house has 5 rooms. Check with your county zoning 1st.
So glad I found your video brother!!! I have a question, if my business model is to have veterans live in my property with roommates would that work? If I have a 4 bedroom 4 bathroom home, could I rent out each bedroom to a veteran meaning 4 total in the home?
Hey great question. It's only one voucher per house. So you would need to find a family with a 4 bedroom voucher, but can't rent it to four different veterans with 1 bedroom vouchers unfortunately.
Hi, if you don't mind sharing your experiences could you tell me a little about what you are doing and how did you get started with your 501c3? I have my 501c3 and I don't want to take out any loans if I don't have to I'm kinda stuck on getting a lease one door open. Any advice would be greatly appreciated.🙏🏾
Hi, Chawanne, I don't want to start out with loans, I've been looking for grants first. Now, that I have an understanding how grants works it helps me to be able to move forward. I want to purchase a house and turn it into a transitional house. I could get a conventional loan but I already have a mortgage and 2 rental properties that is occupied. So this is why I am asking questions on who others went about getting a house.
There are definitely other programs that support renting with more of the group home model, where you rent a room to individual vets, but with HUD/VASH, you can only rent by the entire unit.
@@LivingOffRentals This is old information. Check out HUD-VASH Operating Requirements published on September 27, 2021. Of course, Housing quality standards apply for each housing type Special Housing Types (Section II.p) o New requirement that PHAs must permit HUD-VASH clients to use the following special housing types for tenant-based HUD-VASH assistance, regardless of whether these types are permitted in their administrative plan for other families: single room occupancy (SRO) congregate housing group home shared housing and cooperative housing.
thanks for the awesome information. few questions, do i need to be a vet to use the program? is the business more or less profitable if it uses 1 bedroom spaces vs 3 or mor bedroom spaces? example: if given a choice between a 2 flat with 6 one bedroom apartment's or a 2 flat with 2 three bedroom apartment's witch one would be the best option?
Great question! You do not need to be a veteran to offer HUD/VASH housing to a homeless vet. The payment standards for bedroom counts, depend on your local area. I would recommend reaching out to the local HUD/VASH office in your area to get a copy of the payment standards for your location.
Hi there! Through the HUD/VASH program you are only allowed to have one voucher holder per household. If the veteran has multiple family members, then their voucher will qualify them for multiple bedrooms. Qualification is two family members per bedroom. Hope that helps!
That's a great question. I haven't confirmed that specifically with the HUD/VASH office, but the only challenge is that there probably won't be enough of a spread between what you are renting the home for and what HUD/VASH can pay to make it worthwhile to do this strategy. Typically you see this strategy done with STR's because the rent on STR's is so much higher in many cases than LTR rent, but in the case you described you would be renting a LTR and then re-renting it as an LTR, so there really wouldn't be any cash flow or ability to cover inevitable costs that will come up.
Unfortunately with the HUD/VASH program, you can only rent individual houses and not rooms, but I believe there are other programs that are similar and allow you to rent by the room.
Excellent! You should definitely look into if it will work in your area. It sounds like it has a lot of potential! I would look up which facility in Dallas runs the HUD/VASH program and call them up and ask for a meeting. It will most likely be run by several social workers. They can tell you how many vouchers they give out per month and what the need is and how much they pay for different size properties. Hope that helps!
Can veterans receiving VA compensation for there service connected disabilities become a landlord and work with VA Hud Vash? Meaning if the Service Connected veteran owns a property, and receives va compensation for his/or hers disabilities, but wants to work with Hud Vash. Will that affect the veteran pay (Property Owner)?
Great question. Nope, they are totally separate programs, and the owner of the property can be a veteran or non-veteran and there is no impact on the disability payment/rating of the owner if the owner of a property being rented to a HUD/VASH voucher holder is a veteran.
Thank you for helping our veterans! I have been told by the Local VA authority here that HUD Vash Vouchers don’t work for individuals-that each veteran needs their own home? Is this correct? They really didn’t want to seem to want to give me information. I explained my Recovery Residence plans and they said cash vouchers aren’t authorized. Please advise and thank you again!
Thanks for tuning in Amy! HUD/VASH vouchers are intended for one voucher per household. So based on the number of family members that the veteran has (their rule is 2 heartbeats per bedroom), the homeless veteran will be awarded a HUD/VASH voucher to cover the rent on a property that matches the number of bedrooms that aligns with the number of people in the veterans family (and 30% of the veterans income, if there is any, will go toward the rent as well). So to answer your question, HUD/VASH vouchers do not cover individual bedrooms within larger homes or group homes, it's only intended for an entire unit or house. Hope that helps!
Glad it was helpful! I would talk to your accountant first about what would be the most helpful from a tax perspective since you have a several options. Most likely an LLC formed in your home state that is taxed as a sole proprietorship or partnership will work great.👍
You mentioned purchasing a rehabbing a home. Is it possible to go into a lease contract with a landlord ie sublease and then create a lease with the vet tenants and rent rooms or does it only apply for the SFH?
This is my exact same question. I hope he answers you. I want to lease various properties in order to house homeless Vets via the VASH program. The program is the equivalent of section 8 for Veterans.
HUD/VASH does not provide security deposits, but we have worked with a lot of other non-profits over the years that do provide the funds for the deposit, in conjunction with HUD/VASH paying the monthly rent.👍
I don't understand how apartments that are income based get federal funds but dont have to give preference to veterans. Graigslist is hardly used today but see so many veterans posting wanted housing
You absolutely can, but just not with the HUD/VASH program. The HUD/VASH program is one veteran family per house, but there are other shared housing programs for veterans that work really well.
@@LivingOffRentals thank you so much! Do you happen to know where I could find more about shared housing options? This information was incredibly helpful, thank you for posting. Also, we have a small STR. Are you still scaling there or have you branched into anything else lately?
@@teresaperkins3712ironically I just did an interview with two guys who have been really successful with this strategy. Here is the link, and their contact info is in the show notes/video description! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-lKnLm9Q0pgI.html
I don't believe so. I believe you need to actually be the owner. The rules are always changing though, so you can definitely reach out to the local HUD/VASH office to get clarification on the most recent set of rules!
Hi Bobby, thanks for the feedback and checking out the video! There are other programs that offer group home type housing, but under the HUD/VASH program it is one veteran (and their family) per house. Great question!
@@randytunsil2105 great question! I am not familiar with a ton of them because group homes aren't my niche, but there is a great podcast that I was on a while back to discuss the HUD/VASH program. It's called Group Home Riches and the hosts examine lots of strategies and group home programs. I think that would be a great source of info for you!
The HUD/VASH vouchers are actually for one veteran family for a whole household, so the cash flow on the house, really depends on where you buy since rent rates that the VA pay are different in each area, and obviously how much you have invested into the property.
The best way is to look up your local HUD/VASH office in Dayton and give them a call. Depending on the location there are different payment standards and needs, so the social worker that runs the program for your area, can share with you all the details.👍
Awesome! Great to connect with you! Feel free to shoot me an email at kirby@greenvethomes.com or you can join the living off rentals Facebook group. I’m in there every day.👍
In most cases the rent amount is higher than standard rent amount, to compensate for the higher risk. It's also gauranteed income because it comes from the government and not the tenant, so as long as you buy a property that cash flows based on the rent standard for that area, then this program can make a lot of sense financially as well.
Sometimes this is due to the device the video is being played on. If it’s via Bluetooth it can sometimes distort the sound. I’d try it on a different device.
With the HUD/VASH program, it's 1 veteran family per household, they will not do individual bedroom vouchers. However, there are some other group home programs that work this way.👍
@@brandenwilliams8000 definitely contact your local HUD/VASH office (usually within the local VA hospital) and if you qualify for a voucher it is for your own place for you and your family, not shared.
Voucher holders contribute between 30-40 percent of their monthly income towards rent and the subsidy covers the rest. Most of my tenants started with no income, so their rent was 100% covered and some of them increased their income over time and the voucher eventually just covered a portion. It just depends on the veterans situation.
Service connected disabled veterans should get free housing for life, instead of chiselers charging up to $1162 per month for 1/2 a 30 year old hospital room with no air conditioning or nursing assistance for the 2-3 months or more waiting while the bureaucracy crawls its way through the process.. It's a travesty to those who have lost a part of themselves forever in the service of their country. But there will always be those who are ready and willing to exploit the disabled. Money is money, right? The vets get lowballed compensation and the bloodsuckers come out of the woodwork. Can't wait until capitalism collapses under the weight of the necessity for higher and higher profits.
@Living Off Rentals That's not how the Hud-Vash program works. I just ended my Hud-Vash after a year because my income increased. You don't just get a free house after receiving the voucher. After you receive your voucher you still have to find a house or an apt that your voucher covers, on your own. Application fees, credit checks, rental history, income minimums, etc. All apply. The first-month rent deposit is still expected (Certain programs will give veterans money for the deposit for free). Here is more information regarding Hud-Vash. It is designed to meet the changing needs of at-risk veterans, participants may remain in the program as long as they need it, provided that they continue to qualify. Although there is no set ending time for participating in HUD-VASH, veterans must be re-certified on an annual basis according to their functional abilities and financial status. Participants are not required to meet a set period of sobriety or adhere strictly to case management services to maintain their qualifications for a HUD-VASH voucher. However, participants who refuse to comply with case management requests can be terminated from the veterans housing assistance program. Being involved in the home selection process is another benefit of the HUD-VASH program. Participants may choose any housing unit that is affordable, that has a landlord is willing to rent to the veteran, and that meets PHA standards. HUD-VASH participants have some flexibility in the area they choose to live, within certain limits. Although participants in traditional Section 8 voucher programs are required to live in a certain area for a set period of time, HUD-VASH participants may choose to live in a town or neighborhood beyond the immediate area of their VA case manager. All program housing units must be inspected regularly to ensure that the home continues to meet local PHA (Public Housing Authority) minimum quality standards. Veterans are encouraged to select an apartment or rental home that fits their needs but must choose a unit with a rental rate comparable to the amount of rent charged for similar units in the same neighborhood. HUD-VASH requires participants to pay a percentage of their income toward rent, usually between 10 and 30 percent. Then HUD pays the remaining rent amount directly to the landlord or housing authority.
@@triggatrevor1849 And if no one advocates for veterans, they are denied a voice. A catch-22. And this is how the discussion has run for the past 40 years, nothing, nothing, nothing. And my circumstances while on the VA Transitional Housing Program have served to form my argument more integrally. If the government sends me out into harm's way and I am grievously injured, then I should be receiving the care I need, for the rest of my life. Not what some bean counter says I am qualified for. Too many unaccountable bureaucrats in the process for my taste.
I'm not sure I understand the question? Why don't I buy apartments and give them to veterans? Or are you saying why don't people collectively do this? It's something you are absolutely welcome to do if you can pull that off financially. I served in the Army 11 years and love supporting my brothers and sisters in arms, and I think this HUD/VASH program is a great way people can do that. It allows you to invest in properties and provide them to struggling veterans at no cost to them because the voucher pays their rent and it provides enough cash flow (if you buy the right property) that it's sustainable.
I’m in Mchenry County! ILLINOIS I’m looking to buy a few properties this year before the end year and do this. I’d love to talk over the phone or email for tips you have for me!
Hi Brandon! Awesome! I’m happy to share any help I can. The best way to connect with me is in the Living Off Rentals FB Group. I’m very active in there and there are lots of other subject matter experts on this topic as well. Feel free to drop any questions there that you have. Look forward to talking soon!
HUD/VASH assigns a voucher to each veteran and their family and the voucher has a bedroom count depending on the number of members of the family (2 per bedroom). The veteran can then use that voucher to rent any house they want and the voucher pays a certain rent based on either the zip code of the area they are renting or what county it is (depending on the state). You can call the local HUD/VASH office in your area and they will give you all the details on payment standards and how the program works for your area.👍
