bil8999 Posted July 22 Report Share Posted July 22 Hi to all Anybody know anything about investing in assisted living, you purchase the property they run the care etc and pay you a lease on the property. They are offering 10% return on investment, is this to good to be true. Any thoughts Quote Link to comment Share on other sites More sharing options...
Richlist Posted July 23 Report Share Posted July 23 Depends on the details. Presumably you don't get to choose who lives in your property ? Bills ? Maintenance ? Repairs ? Insurance ? Termination ? Legal stuff ? Probably cash buyers only as mortgage lenders won't like the set up. It raises far to many questions to give an answer but.......if it seems to good to be true.......then it probably is ! Quote Link to comment Share on other sites More sharing options...
bil8999 Posted July 23 Author Report Share Posted July 23 10 hours ago, Richlist said: Depends on the details. Presumably you don't get to choose who lives in your property ? Bills ? Maintenance ? Repairs ? Insurance ? Termination ? Legal stuff ? Probably cash buyers only as mortgage lenders won't like the set up. It raises far to many questions to give an answer but.......if it seems to good to be true.......then it probably is ! Yes I agree, the way I see it, is that the developer gets you to purchase the apartments, then the lease to the company folds, leaving you with a property that otherwise you would not have bought, been told that the government has set aside funding for the next 25 years for assisted living, anyone know anything about this. Quote Link to comment Share on other sites More sharing options...
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