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Updated over 9 years ago,
Need Advice! Would you ever Invest in a property that was once used as a care home?
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