It can be hard enough for the average person to start a business, let alone an individual who has faced as many struggles as today’s guest. In this inspiring episode, Kelly Mahana takes us on an incredible journey of overcoming adversity through recovery and entrepreneurship. Growing up amidst generational poverty, Kelly faced unimaginable challenges, witnessing his father’s murder at the tender age of 5 and subsequently navigating the juvenile system from the age of 10.
At 32, after serving 12 years of a 60-year sentence, Kelly was released from prison with no support system. While working minimum wage jobs, he found solace in BiggerPockets podcasts. Motivated by what he had learned and determined to make a difference, Kelly began his mission to open a sober living home.
Kelly spent what little free time had researching requirements, drafting policies and procedures, and eventually launching his very first sober living home. But it wasn’t an easy journey. Starting with just two residents for the first three months Kelly faced his next challenge. But refusing to give in and through networking, he met mentors like Jeff White who became a crucial partner in his journey.
In this episode, Kelly highlights the difference between state-run halfway houses and private sober living homes, sharing their crucial role in maintaining structure and accountability for sustained sobriety.
Delving into the operations, Kelly explains his program’s structure, with on-site house managers and a fee structure that includes a deposit and monthly payments. Partnerships, such as the master lease, have been beneficial to both Kelly and Jeff, yielding 25% higher rents and stability through handling utility and landscaping costs. This has not only increased profits for Jeff but also ensuring a secure and well-maintained environment for residents. This is a great opportunity to be inspired and discover new possibilities in an ever-changing real estate world.
(01:38) Kelly’s Background of Generational Poverty
(11:11) Transitioning from Prison to Real Estate Investing
(25:45) How Kelly got his First Sober Living House
(33:50) Converting a House to a Sober Living Home
(40:00) Sober Living Home Rules, Expectations, and Structure
Links from the PodcastBigger Pockets
Email Kelly Mahana: kelly@authenticrecoveryhomes.com
Introducing REICO: Your Guide to Colorado Real Estate Investing
How Envision Advisors Is Helping Investors Achieve Their Real Estate Goals
Introducing Our New Residential Market Updates Roundtable for March 2022
Utilizing a 1031 Exchange to Buy a Lakewood Duplex
5 Most Common Questions about Estate Planning and Asset Protection
How to Boost Returns on a 1960s Multifamily in Englewood
Flexible Lending: Direct Private Money with Travis Sperr
Where Should You Invest $500K in Colorado?
Job Posting: Kaufman Hagan is Hiring Commercial Brokers
Why Relationships with Your Title Company Matter
Job Posting: Denver Digital Marketing Manager
Consolidating 28 Loans to Invest in a 56-Unit Multifamily Property
Introducing Your Commercial Financing Matchmakers: Spearhead Commercial Capital
Denver Real Estate MLS Market Stats – February 2022
First Time Denver Investor: 15% or 25% Down?
Strategic Partner Spotlight: Introducing Joe Massey, Residential Lender
Do the Numbers Make Sense to Build an ADU in Denver?
Launching Curtis St Media and Our Strategic Partners Program
Denver Real Estate MLS Market Stats – January 2022
Portfolio Analysis Mastermind: Optimizing Richard and Ilona’s Rental Portfolio
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast