Where to look for an investor for this scenario?

[Gwyneth Price]

I have an amazing 81 yr old client in San Diego searching for a cash investor open to generating an immediate 20-25% equity gain on a cash investment of approx $280k. Here's how it works.....she is single, no children or heirs. She wishes to buy a 1-2 BR condo in the UTC area of San Diego (approx value of $350k). She will have approx $75k from the sale of her current condo to put in to the purchase and is looking for the investor to put the remaining ~ $275k in cash toward the purchase. The condo will be titled in both my client's and the investor's names, and my client will pay all maintenance, HOA, upgrades and all or partial property taxes. In return this is a "life estate" wherein she is able to live in this condo until she dies--at which time 100% ownership goes to the investor. What a win!

There are many seniors in the same situation and this could lead to several opportunities for both the seniors and investors!  Rents and home prices are so high that seniors cannot sell their current home and afford the cost of rent or a mortgage in addition to living expenses for any length of time.  I love helping seniors and I truly believe that my client has come up with a wonderful solution that may work well for many others. Are we crazy to think we can find such an investor?  Is this not a new concept in investing?

MANY THANKS!

[Oleg Mikhailov]

Want a scary story ? 

"Long time ago, In a Galaxy far, far away...", there was a huge crime wave associated with exactly this kind of investments. In any case, make sure you are dealing with reputable investors.