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Updated almost 6 years ago, 01/10/2019

User Stats

26
Posts
1
Votes
Enzo Pazos
  • Rental Property Investor
  • Charlotte, NC
1
Votes |
26
Posts

55+ years old Community

Enzo Pazos
  • Rental Property Investor
  • Charlotte, NC
Posted

There are 2 apartments available at a 55+ community. The prices are awesome (rents almost 2% of the property value). The only issue is that these communities do not want any investors. Because of that, there is a regulation that claims “minimum of 3 years after purchasing to be able to rent out the property “. That’s why prices are that good. Obviously, nobody would want to wait 3 years to start seeing some cashflow. My question is: what would you do? I’m waiting to hear if they can make an exception (hopefully). Thanks!

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