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Updated over 11 years ago,
Lets talk Retirement Communities
Has anyone tried investing in retirement/age restricted communities? I have a few in my market and I accidentally mailed to one. I got a huge response, which was interesting and got me thinking... I was thinking of creating a little niche here. Either to buy, rehab and sell. OR buy as rentals.
Any thoughts?
Potential downsides- the HOA is about $200 higher then your typical condo community. Might be harder to sell. Any others?
Potential upside- Not as many people going after it. Tenants occupy for a really long time and are usually pretty low maintenance.