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Updated almost 10 years ago on . Most recent reply

Account Closed
  • Wholesaler
  • Mckinleyville, CA
69
Votes |
192
Posts

Need Advice! Would you ever Invest in a property that was once used as a care home?

Account Closed
  • Wholesaler
  • Mckinleyville, CA
Posted

There is a foreclosure listing here locally that was previously used as a care home.

It's over 3,000 sqft, has 4 bathrooms, 10 bedrooms, and can easily be converted into a huge beautiful house or Bed and Breakfast.

I believe the price is so low and so far untouched (no offers) Because of its' previous use as a care home, so I'm unsure whether I can benefit from the low price on this because if no one wants it, then no one wants it.

I'm curious what you guys think about this, would you ever invest in an ex-care home? If not, Why exactly? 

Thank you!

-Chelsea

Most Popular Reply

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80
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20
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Tim Cooper
  • Investor
  • Traveling full-time
20
Votes |
80
Posts
Tim Cooper
  • Investor
  • Traveling full-time
Replied

I currently live in a home that was at one time the "AC Church Home for the Handicapped". I live on the main two floors and rent out the attic and basement.  

  • Tim Cooper
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